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Indian equity indices opened in green on Tuesday with the 30-share BSE Sensex advancing over 300 to touch an all-time high while the broader Nifty jumped more than 100 points to top 15,400 in early trade. At 9:38am, Sensex was up 310.39 points or 0.6% to trade at 52,464.52 while Nifty zoomed 106.60 points or […]

The BSE Sensex hit 42,500 levels for the first time and the NSE Nifty 50 index, too, hit a new high of 12,451, tracking a global rally in stocks as hopes of a monetary stimulus in the US rose as Democratic Presidential nominee Joe Biden was confirmed president elect over the weekend, ending uncertainties over […]

Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that global investment firm KKR will invest Rs.5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL […]

New Delhi, Sep 2 (PTI) Billionaire Mukesh Ambani’s twin children Isha and Akash, and edtech startup Byju’s founder Byju Raveendran are among the Indians who have debuted on Fortune’s ’40 Under 40′ list of influential people around the globe. Stating that the coronavirus pandemic has fundamentally altered the way people work and socialise, Fortune magazine […]

To develop State of the art R&D and Operations Centre NetAnalytics has recently announced it’s plans to invest 50 million usd in Gujarat in the upcoming 5 years to develop it’s R&D centre and Operations centre in Gujarat. It is a Stealth Startup founded by a team of top performing Network Reliability Engineers, Staff Software […]

India may stockpile crude oil in US-based strategic reserves to shield itself from any supply disruptions arising out of geopolitical reasons and natural disasters, three people aware of the development said. The US is increasingly becoming a key partners in India’s energy security. India has been importing oil and gas from the US since 2017, […]

Reliance India chairman Mukesh Ambani said Wednesday Google will invest over Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 152,000 crore. “We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment […]

Google Chief Executive Officer Sundar Pichai has announced an investment of 75,000 crore rupees in India through Google for India Digitisation Fund to help accelerate country’s digital economy. Addressing the sixth annual edition of the “Google for India” virtual event yesterday, Mr. Pichai said the fund would be used over the next five to seven […]

After raising billions of dollars from the likes of Facebook and Intel for its digital business, Reliance Industries has launched JioMeet video conferencing app with unlimited free calling that is being seen as rate war on rival Zoom. The JioMeet video conferencing app is available across Android, iOS, Windows, macOS and web since Thursday evening […]

Investment promotes delivery of breakthrough technologies that enrich lives Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), announced the investment of Rs. 1,894.50 crore by Intel Capital in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. Intel Capital’s investment will […]