Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months
India’s unemployment rate reduced to pre-lockdown levels at 8.5 percent during the week that ended on 21 June, Centre for Monitoring Indian Economy (CMIE) said.
The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.
SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards
Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions
DWS, with FY20 revenue at AUS $167.9 million, has over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra
SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani; matter listed for 6 Oct
The State Bank of India had moved the apex court to recover Rs 1,200 crore that it had loaned to two firms of the then-chairman of Reliance Communications
'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual
The RBI governor said the Indian central bank stands battle-ready to take whatever steps that are needed to be taken for the economy
The Donald Trump administration has continued to play an active role in the World Trade Organisation, but many of Trump’s biggest trade offensives over the past three years have bypassed the organisation’s rules
Chairman Ashok Soota said he was confident of filing an IPO, and added that almost 76% of his revenue was not affected by the lockdown
Manufacturing sector, which constitutes 77.63 percent of the IIP, recorded a decline of 11.1 percent in July as against a growth of 4.8 percent in same month last year
An instalment of 8.15% will be paid for now, and the remaining 0.35% will be credited by December
Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% stake; private equity firm holds 2.08% in Jio Platforms
With this deal, Jio Platforms and Reliance Retail now account for over Rs 9 lakh crore of RIL's valuation.
Given the length of the pandemic, more direct cash transfers to the poorest households, especially in urban areas that do not have access to MNREGA, is warranted.
ED arrests businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in money laundering case
The ED had slapped money laundering charges against the Kochhars and their business entities for 'illegal sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of companies'.
The scheme, Second Innings Tap VRS-2020, is aimed at optimising human resources and costs of the bank
Nirav Modi extradition trial begins today: UK court rejects plea seeking partial ban on reportage of case
The 49-year-old fugitive diamantaire was arrested on 19 March, 2019, on an extradition warrant executed by Scotland Yard on charges of fraud and money laundering brought by the Indian government
The senior Congress leader sought transferring cash to the poorest 50 percent of families and paying arrears of GST compensation to states
The Congress leader had earlier said that demonetisation was the first attack on the informal sector of the economy
Nirmala Sitharaman, in the 41st meeting of GST Council on 27 August, ruled out paying compensation to states
Uttar Pradesh and Telangana were at the second and third place respectively, in the rankings prepared by the Department for Promotion of Industry and Internal Trade