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Category: Business News

Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms – sources

NEW DELHI – Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries’ digital unit Jio platforms, three sources said on Thursday. Jio Platforms, which houses music and movie apps as well a Reliance’s telecoms venture Jio Infocomm, has secured […]

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Sensex, Nifty turn choppy; RIL jumps on KKR deal

Mumbai, May 22: Equity benchmark Sensex pared opening losses to turn positive in early trade on Friday amid gains in index-heavyweights Reliance Industries, Infosys and SBI. After starting over 250 points lower, the 30-share index made a U-turn to rise over 70 points to 31,005.19. The index, turned choppy […]

KKR to invest $1.5 billion in Reliance Industries’ digital unit, its biggest deal in Asia

NEW DELHI – KKR & Co Inc will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion. Jio Platforms, which houses movie, […]

Sensex rallies over 900 pts, Nifty reclaims 9,800 level

Mumbai, Apr 30: Equity benchmark Sensex soared over 900 points in opening trade on Thursday tracking heavy buying at ICICI Bank, Infosys, HDFC twins and Reliance Industries counters amid rally in global stocks. After hitting a high of 33,640.73, the 30-share index was trading 895.69 points or 2.74 per […]

Rupee rises 34 paise to 75.84 against US dollar in early trade

Mumbai, Apr 29: The rupee appreciated 34 paise to 75.84 against the US dollar in early trade on Wednesday tracking positive opening of domestic equities and weakness in the American dollar. Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more […]

Netflix commits $100 mn to help actors, crews thrown out of work

Streaming television giant Netflix on Friday launched a $100 million fund to help actors and production crews endure the hit to paychecks caused by the coronavirus pandemic. The fund is meant to help offset hardship in the “creative community,” with most of the money going to financially troubled […]

Markets test investors’ nerves with wild swings;Sensex ends 1,325 pts up after hitting lower circuit

Mumbai, Mar 13: Markets took investors on a gut-churning ride on Friday, with trading being halted for the first time in 12 years as benchmarks plunged over 10 per cent in opening trade, before staging an emphatic comeback powered by banking, finance and energy stocks. The BSE and NSE […]

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