Search Results for: equity and debt

Backlash over Reliance Jio's decision to charge voice calls

Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail

U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.

Sep 9, 2020

Chanda Kochhar and her husband Deepak Kochhar

Deepak Kochhar arrested in money laundering case; ED discover money trail

Deepak Kochhar was arrested in the ongoing Videocon loan case, in which his wife and former ICICI Bank CEO Chanda Kachhar and Videocon director Venugopal Dhoot have been named.

Sep 7, 2020

Vodafone Idea to rebrand as 'Vi' as it prepares for telecom battle

Vodafone Idea Ltd said on Monday it plans to rebrand itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India's telecoms market.

Sep 7, 2020

Pranab Mukherjee dies at 84: Tributes pour in for former president from PM Modi, Rahul Gandhi

Veteran Congressman and India's 13th president Pranab Mukherjee passed away at the age of 84 in the national capital.

Aug 31, 2020

Adani Group picks 74% stake in Mumbai Airport, becomes India's largest private operator

With this buyout, Adani is now India's biggest private airport operator. This is the first major airport win for Adani Group, one of the largest homegrown conglomerate who has recently entered airport operation business in India.

Aug 31, 2020

Reliance Retail buys Kishore Biyani's Future Group businesses for Rs 24,713 cr

Future Group's portfolio composition in apparel, general merchandise and own FMCG brands will allow for a wider offering to its customers.

Aug 30, 2020

Apple and Tesla split their shares, but does it matter

Shares of Apple Inc and Tesla Inc will be less costly on Monday as pre-announced stock splits take effect, in theory making them more accessible to retail investors, but as more brokers offer fractional shares, some in the market question the need.

Aug 28, 2020

Lord & Taylor at Palisades Park Mall West in New York

Lord & Taylor is going out of business after 194 years; hosts final clearance sale

The first US department store Lord & Taylor decides to finally shut down all of its stores soon, after being in the business for nearly 200-years, ever since its launch in 1826.

Aug 28, 2020

Farmers driven to debt as banks turn risk-averse during pandemic

Prime Minister Narendra Modi's government has been instructing banks to increase lending, but bankers say they are choosing to be cautious.

Aug 27, 2020

COVID home treatment: What to know while under home isolation | Details

With governments asking patients with mild symptoms and who are asymptomatic to isolate at home rather than make a visit to the hospital or COVID care centre, we're truly becoming self-reliant. Therefore, it's better to know what will actually help one get through it.

Aug 21, 2020

British pound. (File: Xinhua/Then Chih Wey/IANS)

UK government debt hits £2 trillion for first time

The UK government debt has increased above 2 trillion pounds ($2.6 trillion) for the first time amid heavy spending to support the economy amid the coronavirus pandemic, the Office for National Statistics (ONS) revealed on Friday.

Aug 21, 2020

Donald Trump's presidential car runs on Goodyear tyres; someone tell him

US President Donald Trump called for a boycott on Goodyear tyres, but someone really needs to remind him of what tires his presidential limo Beast has.

Aug 19, 2020

Reliance Retail acquires majority stake in Netmeds for Rs 620 cr

This investment represents around 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries, Tresara Health Private Limited, Netmeds MarketPlace Limited and Dadha Pharma Distribution Private Limited.

Aug 19, 2020

IPL 13: Patanjali enters race to sponsor sporting event after Vivo's exit

After Vivo's exit from IPL, organisers have had to turn to new sources of sponsorship. Now it's been confirmed that Patanjali will enter the bid.

Aug 10, 2020

Deception, disinformation part of China's game plan with India

This was deduced by the Delhi Policy Group (DPG), one of India's oldest think tanks on strategic and international issues of critical national interest, from the statements from a series of meetings between senior Army commanders, foreign ministers and ministries and the special representatives on the border question of the two countries.