LiveJio Platforms Receives Rs 30,000 Crore from Four Investors
Jio Platforms has received subscription amounts, totalling Rs 30,062.43 crore, for a 6.3 per cent stake sale to L Catterton, PIF, Silver Lake, and General Atlantic...
Category : BUSINESS
Vodafone Idea Paid Rs 2,850 Crore to Mutual Funds, Banks
Vodafone Idea has repaid the outstanding dues of Rs 2,850 crore to 7 bondholders including mutual funds and banks. The payment will be credited in the...
Canara Bank to Raise up to Rs 8,000 Crore in FY21
The Board of Directors meeting of Canara Bank held on July 10, 2020, had approved to raise up to Rs 8,000 crore in the current...
Reliance Gets US $ 1 Bn from British Petroleum for JV Venture
British Petroleum (BP) has paid Reliance Industries Limited $1 billion for a 49 per cent stake in their new Indian fuels and mobility joint venture, Reliance...
Mastercard to Invest Rs 250 Crore to Help Indian SMEs
Mastercard will invest Rs 250 crore in India to help reboot Small Micro Enterprises (SMEs) and enable business recovery. Their dependency on the cash-economy and supply chain disruptions...
TCS Profit Drops Nearly 14% in Q1 Earnings
TCS reported a 13.8% drop in the net profit of first-fiscal quarter, April-June period against the quarter profit from a year earlier.Tata Consultancy Services has declared a...
PNB Terms DHFL Exposure of Rs 3,688.6 Crore as Fraud
India’s second-largest public sector lender Punjab National Bank (PNB) declared its Rs 3,688.58 crore exposure to mortgage financier Dewan Housing Finance Ltd (DHFL) as a fraud. ‘A...
Flipkart Invests Rs 260 Crore in Arvind Youth Brands
Flipkart has announced an investment of Rs 260 crores to pick up a minority stake in Arvind Fashions recently-formed subsidiary Arvind Youth Brands which owns the...
Amazon Pumps Rs 2,310 Crore in Indian Unit
Amazon Seller Services India unit has received Rs 2,310 crore from its US-based e-commerce parent company Amazon. The investment has been made through Amazon Corporate...
SBI to Invest up to Rs 1,760 Crore in Yes Bank’s FPO
The Board of State Bank of India on Wednesday had approved for an investment of Rs 1,760 crore in the upcoming Follow-on Public Offering (FPO) of Yes Bank....