Over the past six weeks, Jio Platforms has raised a striking $10 billion from global investors
In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.
The pandemic will hurry the closure of brands and businesses that would have gone into gradual decline. Wait then for more deals to be announced in media and entertainment
Currency dealers say the Reserve Bank of India (RBI) intervened in the currency markets, and may have even bought some bonds anonymously from the secondary markets.
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Communication, Telecom Regulatory Authority of India and major mobile service providers
Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Units worth nearly Rs 150 crore changed hands on the NSE and another Rs 554 crore on the BSE.
Jio Platforms has secured $10 billion from investors including Facebook Inc within a month
Corporate results would get a lot worse in the coming quarters
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
The app is not yet available on Apple or Google Play Store and has to be downloaded from jiomart.com
Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is its largest investment in Asia
A senior government official told Business Standard that nearly 50% of Bharat Sanchar Nigam Ltd's base transceiver stations were damaged by the cyclone and would take a week to be fully restored.
The govt matters less in brand and tech businesses, where consumer preferences and the building of a franchise are autonomous of policy, though policy does help in some ways, writes T N Ninan
The telecom sector body had earlier voiced against the spectrum auction due to financial stress in the sector
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