Page 72 - Reliance Jio

Top biz headlines: Final tranche of Rs 20-trn package, lockdown 4.0 & more

Here are the top ten business headlines on Monday morning

General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore

This is the fourth such stake sale within a month and it values Jio Platforms at Rs 4.91 trillion on an equity basis and Rs 5.16 trillion on an enterprise-value basis

General Atlantic picks 1.34% stake in Jio platforms for Rs 6,598.38 cr

Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks

Made in India, for and by Indians, says Reliance Industries on rights issue

In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.

Reliance Jio leads in subscriber numbers in NCR, says Trai report

Reliance Jio added 271,000 subscribers in the month of January to achieve the milestone

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

Deal part of RIL plan to unlock 19% stake in Jio to become debt-free

RIL repositioning as consumer, tech co may push up stock price: J P Morgan

J P Morgan said that the core energy business could be staring at multi-year slump

Market Ahead, May 8: All You Need To Know Before The Opening Bell

A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today

RIL sells another 2.32% in Jio, this time to Vista Equity for Rs 11,367 cr

This is Jio's third major announcement in three weeks after it previously sold stakes to Facebook and Silver Lake

Expect slippages to rise to 9% post lockdown: YES Bank's Prashant Kumar

The plan to raise up to Rs 15,000 crore is very much on. We have identified six merchant bankers for the process and are waiting for the Q4 results to be out, YES Bank's MD said

Silver Lake checks into Jio Platforms, snaps up 1.15% for over Rs 5,600 cr

Investment will help RIL pare debt, improve valuation

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

RIL bonds advance after Mukesh Ambani hastens debt-reduction plan

The conglomerate's 3.667% bonds due 2027 rose 0.4 cents on the dollar to 100.28 as of 9:10 am IST, the highest level since March 13

Top headlines: Silver Lake to invest in Jio Platforms; fuel sales fall

Business Standard brings to you a snapshot of top events of the day

After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms

The deal comes less than two weeks after Facebook made an investment of $5.7 billion to buy a minority stake in Jio Platforms

$5.7 bn Jio-FB deal to become test case for regulatory, security concerns

Already some trader bodies have raised concerns over sharing the customer data with the Reliance group, which also runs modern retail stores under the Reliance Mart brand

Jio-Facebook deal likely to boost adoption of crypto-blockchain in India

Deal may result in Jio piloting a cryptocurrency that can be used for discounts or reward points within its telecom, entertainment and e-commerce spaces once regulatory hurdles are cleared

India business most affected due to Covid-19 outbreak, says Amazon

"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders