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Top 10 business headlines: RIL buys Hamleys, Mindtree deal, and more

From HCL Tech taking over Wipro to Jet Airways, Business Standard brings you top stories that made news on Thursday

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Hamleys

BS Web Team New Delhi
Slowdown in equity flows amid election result uncertainty hits MF industry

The Rs 24-trillion mutual fund (MF) industry, grappling with the issue of debt exposure, has been hit hard by a sharp slowdown in equity inflows. In April, the inflows into equity schemes, including tax-saving ones, dropped 60 per cent compared to the previous month to Rs 4,608 crore, the lowest since September 2016. Read more here


Reliance Industries buys British toy retailer Hamleys for about Rs 620 cr

Mukesh Ambani-led Reliance Industries (RIL) will acquire British toy retailer Hamleys for a cash consideration of £67.96 million (about Rs 620