Search Results for: Investment

Fact Check: Did Ratan Tata buy 50% stake in Mumbai teen's pharmacy chain?

Ratan Tata has issued a clarification in regards to media reports stating that he has bought up to 50% stake in Mumbai teen's pharmacy chain called Generic Aadhar.

May 9, 2020

Reliance Jio rakes in Rs 60,596.37 crore investments in just 3 weeks; Facebook, Silver Lake and now Vista!

Amidst coronavirus pandemic affecting business growth prospects in India and denting profit margins, Reliance Jio attracted major investments to a tune of Rs 60,596.37 crore.

May 8, 2020

Yes Bank faces trust deficit; massive withdrawals as deposits shrink

Hit hard by the continuous erosion of deposits, the crisis-hit Yes Bank has posted a loss of Rs 3,668 crore for the last quarter of the Fiscal Year 2019-20 on a standalone basis.

May 7, 2020

Airbnb CEO confirms layoff of 25% workforce, allocates $250 million to help offset losses

With millions of tourists canceling plans for vacations, work trips and family visits, Airbnb earlier this year said it was allocating $250 million to help offset losses incurred by hosts.

May 6, 2020

After Facebook, Silver Lake to invest Rs 5,655 crore in Reliance Jio Platforms

Facebook last month poured in Rs 43,574 crore for a 9.99 per cent stake in India's oil-retail-telecom conglomerate-led Jio Platforms -- the largest investment for a minority stake by a tech giant.

May 4, 2020

India to cap relief package at $60 billion to protect credit rating: Report

Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.

May 3, 2020

PM Modi holds crucial meeting to discuss ways to improve agricultural sector

Developing e-NAM into a platform of platforms to enable e-commerce was one of the important topics of discussion.

May 2, 2020

Inspiring story of digital marketing guru Sharan Patil AKA OKSHRAVAN who is setting new trends in Digital Marketing Industry

His company deals with music promotion, production, celebrity management, public relation, etc. TagDog Media has already promoted many prominent brands within a budget and earned great profits with a high return on investment

May 2, 2020

Coronavirus: Tesla's Elon Musk calls Covid-19 lockdown restrictions fascist

Tesla shut down the California factory just as it was ramping up production of its new electric crossover utility vehicle Model Y, which it expects to generate record demand and higher profit margins.

Apr 30, 2020

Airtel signs Rs 7,636 crore deal with Nokia to get ready for 5G era

In a bid to strengthen its 4G network and enhance 5G capabilities in India, Bharti Airtel has inked a $1 billion (nearly Rs 7,636 crore), multi-year deal with Nokia to deploy the Finnish majors 5G-ready solutions across nine circles in the country.

Apr 28, 2020

Rags to riches and back, BR Shetty, NRI billionaire, until he wasn't

From rags to riches and back, the story of NRI billionaire Bavaguthu Raghuram Shetty might seem like just another one on the face of it, but there's a lot more untold and unspoken about the man who rose to fame, glory and amassed a fortune of $4.2 billion in 2018, according to Forbes. Here's unravelling the mysteries and the mistakes that led to the phenomenal rise and unbelievable fall of a sprawling empire into a debt trap.

Apr 27, 2020

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020

Here's a list of relaxation norms offered by SEBI to help investors tide over the Covid-19 crisis

In the wake of the Covid-19 crisis that has brought global economies to a standstill, SEBI offers relaxation in norms for corporates, investors, stakeholders and depositors by easing restrictions in compliance requirements and thus helping them stay afloat. Let's explore.

Apr 23, 2020

WHO chief urges US to reconsider funding, says 'virus will be with us for a long time'

WHO director-general Tedros Adhanom Ghebreyesus said that he hoped the Donald Trump administration would reconsider its suspension of funding, but that his main focus was on ending the pandemic and saving lives