() will convene its 45th annual general meeting (AGM) for the financial year 2021-22 on August 29, 2022, Monday from 14.00 hours IST onwards through video conferencing. The company has informed the shareholders and debenture holders through electronic mode about the same via electronic mode, along with its annual report for the proposed year. The … Read more
NEW DELHI: Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5 per cent jump over the year-ago period, according to a company statement. Its revenue from operations came in at Rs 18,278 crore, a growth of about 19 per cent compared to the … Read more
Mumbai | New Delhi: The Competition Commission of India (CCI) is set to ask Google whether the US Internet giant’s purchase of a 7.73% stake in Jio Platforms would entail any sharing of data in a way that could stymie competition, especially in the handset industry, said people familiar with the matter, including lawyers and … Read more
Mumbai: Oil-to-retail conglomerate Reliance Industries (RIL) said on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into its unit Reliance Retail Ventures Limited (RRVL) for a 1.40 per cent stake The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. This marks … Read more
By Sanjay Kapoor Almost eight months into the pandemic, we are more or less reconciled with a few aspects of ‘Covid life’. Economies with tighter social distancing are likely to experience more negative shocks in their domestic sector. Demand, as opposed to supply, is becoming a bigger concern, especially for sectors associated with discretionary activities. … Read more
Bengaluru: Facebook named Arun Srinivas as the Director of Global Business Group to lead the strategy and delivery of the India Marketing Solutions charter that is focused on large advertisers and agencies. Facebook said Srinivas’ appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key … Read more
Telecom Regulatory Authority of India (Trai) chairman RS Sharma has backed India’s older operators Bharti Airtel and Vodafone Idea, saying 2G technology is still popular, especially in the farflung and rural areas of the country. Speaking to Muntazir Abbas, Sharma said the government should promote local manufacturing of telecom equipment, especially due to strategic interest. … Read more
Qatar Investment Authority (QIA)’s proposal to invest $1.5 billion (about Rs 11,200 crore) in JioFiber is gathering pace, Mint has reported quoting sources. According to the report, the sovereign fund’s talks with Reliance on the deal are now at an advanced stage. Mukesh Ambani-led RIL has already raised over $20 billion via stake sales in … Read more
Reliance Industries’ (RIL) shares, which have been leading the rally in benchmark indices recently, were downgraded by two prominent brokerages on Tuesday. Edelweiss downgraded the stock to ‘hold’ with a target price of Rs 2,105 while CLSA downgraded it to ‘buy’ from ‘outperform’ while raising the target price to Rs 2,250 to factor in high … Read more