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.
Stock market gains alongside economic pain driven by massive boost from Fed; some worry about over-optimism
The US stock market has changed its mood swiftly since 23 March—when the S&P 500 dropped as much as 35 percent below its 19 February peak.
Oil crisis: Saudi Arabia, Russia fracas over production cut sends prices crashing; puts Africa's cash-strapped producers in peril
A three-year supply pact between the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers, including Russia, fell apart this month after Moscow refused to support Riyadh’s plan for deeper production cuts,
Citigroup, Credit Suisse, Nomura among banks curbing trips to Italy on fears over coronavirus outbreak: Report
The curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and more than 200 cases.
Bharti Airtel to gain at cost of Vodafone Idea as it has better balance sheet strength, say brokerages
Bharti Airtel expects industry revenues to start growing again due to recent tariff hikes, and expects industry revenues to surpass $50 billion (timeline unspecified) as opposed $30 billion at present, per company.
On 6 January Saudi Arabia's Deputy Crown Prince Mohammed bin Salman mentions his interest in selling off parts of Aramco to private investors in an interview
The IPO preparations were revived this summer after Aramco attracted huge interest in its first international bond sale, seen as a pre-IPO relationship-building exercise with investors.
Much depends on what the Fed does with US interest rates, making markets hyper-sensitive to the minutes, due later on Wednesday, of its last meeting
Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers
The digital banks plan to begin by offering services such as savings accounts, credit cards, personal loans, foreign exchange and travel insurance.
Govt proposes guidelines for e-tailers, plans national e-commerce policy for sector's holistic growth
Among key guidelines, the e-commerce companies will also be required to ensure that personally identifiable information of customers are protected.
Morgan Stanley sets Sensex target at 45,000 by June 2020 on expectations of continuity in administration, policies
Capital markets are going to take comfort on account of continuity in administration and policies assuming re-election of a majority government, a Morgan Stanley report said while setting the target for BSE Sensex at 45,000 by June 2020
Virgin Galactic’s spaceship development has taken far longer than expected and had a major setback.
Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale.
Tesla expects capital expenditures of $2 billion to $2.5 billion this year.
Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion
NIO restricts top eight banks including JP Morgan by tying them up in rare year-long non-compete clauses.
Walmart disappointed with changes in FDI policy for e-commerce; says has made 'adjustments' and moving forward
India represents a great opportunity for the retailing major, Walmart Executive Vice President and Chief Financial Officer Brett Biggs said.
Morgan Stanley revises estimates: E-commerce sector to touch $200 bn by 2027 after tightening of rules
New e-commerce regulations will pose headwinds to growth in the near term
Morgan Stanley arm snaps majority stake in KSH Infra for Rs 350 cr; maiden investment in warehousing space
KSH Infra operates two warehousing and industrial logistics parks in Pune
Fed gives banks more stress test information, unveils 2019 scenarios; exempts less complex lenders from drive
Thirty-four lenders passed the stress test last year, while Goldman Sachs and Morgan Stanley received conditional approvals that limited their capital distributions.