Tag Archives: percent

Future Group lost Rs 7,000 Cr revenue in first 3-4 months of COVID-19 pandemic: Biyani

Future Group creator Kishore Biyani on Wednesday stated the homegrown retail significant lost almost Rs 7,000 crore profits in very first three-four months of the COVID-19 pandemic due to closing of shops, which led him to offer his organization to Reliance Industries. In August this year, billionaire Mukesh Ambani'’s Reliance Industries revealed acquisition of wholesale […]

[Funding alert] Silver Lake to pick up 1.75 pc stake in Reliance Retail for Rs 7,500 Cr

Private equity business Silver Lake Partners will invest Rs 7,500 crore in Reliance Retail for a 1.75 percent stake, the Mukesh Ambani-led business revealed on Wednesday. Earlier this year, Silver Lake had actually invested $1.35 billion in Reliance Jio. The PE giant'’s retail buy comes weeks after Reliance purchased a stake in Future Group, led […]

Coronavirus updates for July 7

According to Worldometer, India'’s coronavirus case tally increased to more than 723,000. Based on an ICMR authorities, more than one crore tests have actually been tested till date, and the Council has actually advised that all hospitals/labs carry out quick antigen tests. Uttar Pradesh reported its greatest boost in the variety of infections. Based on […]

RIL raises Rs 13,640 Cr from Mubadala, Silver Lake; reaches 20pc stake sale in Jio Platforms

Reliance Industries on Friday stated it raised over Rs 13,640 crore from offering a stake in its digital system to Abu Dhabi-based sovereign financier Mubadala and personal equity Silver Lake, taking the cumulative fundraising to Rs 92,202 crore that will assist pare financial obligation at the oil-to-telecom corporation. Reliance, early on Friday early morning, revealed […]

Budget 2020: Take a look at YourStory’s complete coverage

On February 1, Finance Minister Nirmala Sitharaman provided the much waited for Union Budget of 2020-21. Like in 2015, Sitharaman got her Swadeshi &#x 2018; Bahi Khata &#x 2019; or ledger book back. The 2020 Budget, the longest in the history of India, went on for 161 minutes and had 3 broad styles &#x 2013; […]