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RIL gains over 2% after KKR-Reliance Retail deal
“This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year," Reliance Industries said in a statement.
KKR to invest Rs 5,550 crore in Reliance Retail for 1.28% stake
The investment values Reliance Retail at a pre-money equity value of Rs 4.21 ...
Airtel, Voda Idea fall 5% each after Jio rolls out new postpaid plans
Brokerage Kotak Securities said two key areas where Jio’s plans scored ...
Jio aims to make India an innovation destination: Mathew Oommen
The top executive further said that the company would work with all relevant members within India so that the country would become self-reliant in key technologies.
Chasing millionaire dreams: Tech, real estate, infra, and now digital?
The latest fever sweeping through the nation, other than Corona, appears to be digital. Happiest Minds Technologies more than doubled on Thursday after receiving bids 150 times the shares it offered in an IPO.
RIL drops 1% as reports say Softbank, Carlyle investment on hold
Reports have claimed Reliance Retail is likely to go through a Jio-like investment round. Amazon, KKR and Saudi based funds are expected to invest in the company.
RIL becomes first Indian firm to hit $200 billion m-cap; stock jumps 6%
The shares of the company have got a lift from a number of announcements of investment in Reliance Retail.
Middle East sovereign wealth funds in talks to buy stakes in Reliance Retail: Report
Adia is in discussions about an investment of $750 million at a valuation of roughly $57 billion, according to people familiar with the matter, while the PIF could funnel as much as $1.5 billion into the entity controlled by Ambani’s oil-to-telecom conglomerate Reliance Industries
Has RIL just got a trigger for next leg of rally?
For investors, it will be crucial to watch the efficiency with which RIL’s retail business takes advantage of its digital platform to enrich customer experience by building a strong e-commerce channel. A success on this front would go a long way in developing a sticky retail customer base.
Market Movers: RIL rises; Astrazeneca tumbles; 281 stocks hit lower circuits
Analysts said while Nifty’s bias remains negative, Thursday’s weekly derivatives expiry may lead to a short-covering bounce.
Silver Lake to buy 1.75% stake in Reliance Retail for Rs 7,500 crore
This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year.
Jio Platforms may push 5G technology in less advanced markets
Jio Platforms may target West Asia, Eastern Europe and Southeast Asian regions for self-developed 5G technology after it tests and scales it up in India.
Airtel in talks with smartphone companies for low-cost 4G smartphones, could rival Jio-Google
The development marks a turnaround in strategy for the telco which has so far kept away from handset subsidy and appears to be a response to the Reliance Jio-Google partnership for 4G devices. Both operators are aiming to corner a major share of the roughly 400 million mobile phone users who still use featurephones in India.
New margin, share pledging norms faulty, say traders
“Depositories’ systems did not reflect pledge and unpledged details on time,” said the CEO of one of the country’s largest brokerages. “There was chaos and confusion today because nobody had the answers.” ET could not reach depositories for comments but top officials of four brokerages confirmed the disruptions.
Google in advance talks to invest $4 billion in Jio Platforms: Report
Shares of Reliance Industries (RIL) pared most of their day’s losses on reports that US tech giant Google is in advanced talks to invest $4 billion in Jio Platforms.