Indian telcos, internet providers asked by govt to 'immediately block' access to the 59 banned Chinese apps
ByteDance will hold discussions with Indian officials this week and seek clarifications on the app ban.
Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent
The deal adds to a pile of funds raised by Jio in recent months and comes close on the heels of Abu Dhabi sovereign fund Mubadala Investment Company injecting Rs 9,093.6 crore on 4 June.
COVID-19 impact: Alibaba extends reach in China as pandemic outbreak opens doors; traffic at online marketplace shoots higher
Alibaba on Friday reported increases of 21 percent in quarterly revenue and 19 percent in core commerce sales, beating expectations.
Alibaba's Jack Ma resigns from SoftBank board; to pull back from formal business roles, focus on philanthropy
SoftBank said it will propose three new appointments to the board, including group CFO Yoshimoto Goto, at its annual general meeting on 25 June.
General Atlantic invests Rs 6,600 cr in Reliance Jio; with investments from Facebook, Silver Lake, Vista Equity, platform raises Rs 67,194 cr in under 4 weeks
Jio Platforms on Sunday announced that it has sold a 1.34 percent stake to New York-based private equity firm General Atlantic for nearly Rs 6,600 crore, making it the fourth such stake sale in the last four weeks.
Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar
In the new normal for Reliance Industries Limited, investors in Jio Platforms like Silver Lake and Vista Equity are more like knowledge and network partners.
India plans to fast track Chinese investments over fears of policy change hitting plans of companies, investors: Report
While the fast track mechanism would be open to all India’s neighbours with a land border, China would be the main beneficiary.
Chinese investors hold stakes in 18 of the 30 Indian startup unicorns, and some companies backed by them indulge in "predatory" behaviour, which needs to be brought under scrutiny, a domestic think tank said on Thursday
Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.
BigBasket has taken over Bengaluru-based milk delivery app DailyNinja. The online grocery delivery company will now have access to DailyNinja's network of 2,000 milkman partners across India
Private equity, VC investments hit record high of $48 bn in 2019; huge fund flow to infrastructure sector drives growth: Report
As per the report, private equity/VC investments in infrastructure space were at $14.5 billion in 2019, which were higher than the cumulative PE/VC infrastructure investments received in the previous seven years.
SoftBank's $3 billion WeWork financing talks stall with Japan banks; complicates $9.5 bn rescue package: Report
SoftBank in October said it would launch a $9.5 billion bailout of WeWork after the cancellation of the startup’s initial public offering
SoftBank-backed Paytm raises $660 mn from Alibaba arm Alipay, others; 2.6 mn shares to be allotted to investors
On 29 November, there were reports that Paytm was looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron.
Saudi Aramco raises $25.6 bn in largest-ever IPO; market launch puts oil behemoth's value at $1.7 tn
Aramco will begin trading three billion shares on the country's Tadawul stock exchange 12 December at a starting price of 32 riyals ($8.53), the sources said.
Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future.
Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price
Saudi Aramco in race for IPO record with $1.7 tn top value; no international roadshows to be held to market shares
Aramco cannot sell its shares directly to investors in the US and other markets, as the IPO will be restricted to Saudis and those foreign institutions permitted to invest in the kingdom’s stock market.
US-China trade deal will go through; sandwiched between super powers, India must learn to plan, invest to protect its sovereignty
India still is at the mercy of America and China.
Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size
Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing additional shares for 12 months
Alibaba Singles’ Day sales hit $23 bn in first nine hours; over 500 mn users likely to participate in shopping festival this year
Alibaba netted sales worth $30 billion on its platforms on Singles’ Day last year, dwarfing the $7.9 billion US online sales for Cyber Monday.