Page 119 - Reliance Industries
Amazon's arbitration proceedings against Future Group may start from Nov
This follows a dispute over the Future's sale of its retail and wholesale businesses to Reliance Industries Ltd (RIL)
 "Amazon's arbitration proceedings against Future Group may start from Nov")
Future group, Amazon to initiate arbitration proceedings over RIL deal
Amazon says the deal violates the no-compete contract signed with the Future group and the RIL-Future deal will derail its plans to buy a stake in Future Retail Ltd
 "Future group, Amazon to initiate arbitration proceedings over RIL deal")
Amazon notice to Future on RIL deal: India's raging retail war explained
Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries
 "Amazon notice to Future on RIL deal: India's raging retail war explained")
Half of India's richest 100 on Forbes list got richer, Ambani gained most
While Mukesh Ambani added $37.3 bn to his fortune, Gautam Adani retained the second spot on the list by boosting his net worth 61 per cent to $25.2 billion
 "Half of India's richest 100 on Forbes list got richer, Ambani gained most")
RIL lifts markets; Sensex up 304 points, banking and IT stocks shine
There was, however, a mixed trend overseas after US President Donald Trump dashed hopes of a pre-election stimulus package
 "RIL lifts markets; Sensex up 304 points, banking and IT stocks shine")
Amazon takes on Future Group over deal with Reliance, sends legal notice
A top industry source said the notice was unexpected as Biyani had first approached Amazon for a takeover of the Future Group companies before defaulting to its lenders and suppliers.
 "Amazon takes on Future Group over deal with Reliance, sends legal notice")
Amazon sends legal notice to Future Group over Reliance deal: Report
Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report
 "Amazon sends legal notice to Future Group over Reliance deal: Report")
Marketing freedom: Govt allows Reliance, others to sell gas to affiliates
In a major boost to firms such as Reliance Industries, the government allowed affiliate companies to buy gas produced from non-regulated fields as part of giving complete marketing freedom
 "Marketing freedom: Govt allows Reliance, others to sell gas to affiliates")
Reliance Retail vs DMart: Why UBS thinks RIL may emerge as the winner
ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake
RIL up 3% as Abu Dhabi Investment Authority picks stake in Reliance Retail
With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks
 "RIL up 3% as Abu Dhabi Investment Authority picks stake in Reliance Retail")
Reliance Retail Ventures likely to divest only 10-15% stake: Sources
The large divestment was aimed at making RIL debt-free much earlier than its target of next March. RIL had a net debt of over Rs 160,000 crore
 "Reliance Retail Ventures likely to divest only 10-15% stake: Sources")
Can a Tata vs Ambani 'super-app' battle make them India's Alibaba-Tencent?
The 152-year-old Tata Group is talking to Walmart Inc. for a $25 billion investment in a "super-app," a multipurpose online platform
 "Can a Tata vs Ambani 'super-app' battle make them India's Alibaba-Tencent?")
Everything in place to make India global leader in AI: Mukesh Ambani
RIL Chairman Mukesh Ambani said that the time is ripe for India to become a world leader in artificial intelligence (AI) and the tools are also ready to make the country lead globally in the field
 "Everything in place to make India global leader in AI: Mukesh Ambani")
Reliance scraps merger of Viacom18 with Sony after 'strategic rethink'
Billionaire Mukesh Ambani's Reliance Industries has called off the proposed merger of his group's entertainment business with Sony Pictures Networks India following a strategic rethink
MARKET WRAP: Sensex up 277 pts; TCS' m-cap tops Rs 10 trn, stock jumps 7%
All that happened in the markets today
 "MARKET WRAP: Sensex up 277 pts; TCS' m-cap tops Rs 10 trn, stock jumps 7%")
GIC, TPG to invest about $1 billion in retail arm, says Reliance Industries
GIC will invest Rs 5,512 crore for a 1.22% stake, while TPG Capital will invest Rs 1,838 crore to own a 0.41% equity stake in the retail arm
India Inc seeks to pare debt via InvITs as foreigners are keen to invest
High interest rates, low-risk model key attractions for overseas investors
 "India Inc seeks to pare debt via InvITs as foreigners are keen to invest")
Equity fund raising rises 88% to $32.7 bn in first 9 months of 2020
This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv
 "Equity fund raising rises 88% to $32.7 bn in first 9 months of 2020")
Investment fund TPG to invest Rs 1,837 crore in Reliance Retail Ventures
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
 "Investment fund TPG to invest Rs 1,837 crore in Reliance Retail Ventures")
Singapore's GIC to invest Rs 5,512.5 crore in Reliance Retail Ventures
GIC's investment will translate into a 1.22% equity stake in Reliance Retail on a fully diluted basis.