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This is the 12th investor to pick up a stake in Reliance Industries Ltd’ (RIL’s) telecom and digital business in less than two months. Qualcomm Ventures' stake buy will take the total investments in Jio Platforms to Rs 1,18,318.45 crore for a combined 25.24 percent holding.
SpiceJet’s ground staff to go on strike over layoffs Covid’s second wave has hit SpiceJet so badly that the airline said it has been forced to partially outsource its ground handling operations at Mumbai airport to a private company. Sources said the airline has planned to lay… Read MoreBrokerages hold mixed views on NestleThe maker of Maggi noodles and KitKat chocolate reported a profit after tax of Rs 602 crore for the quarter. Revenues in the quarter rose 8.9 per cent from year ago level to Rs 3,600 crore. Shares of Nestle India ended flat a… Read More‘India’s GDP at risk of falling back into negative territory’HSBC expects India's year on year GDP growth to fall back into negative territory after recording a marginal 0.4% increase in the quarter ended December 2020. Moreover quarter on quarter GDP in the three months ended June 202… Read MoreFall in Asia hints at more pain for NiftyCredit Suisse Wealth Management said the Indian equity market could see some further profit booking in the coming weeks. The wealth management firm said this correction is likely to be very sharp but would not last long.
fro… Read MoreKamath panel okays loan rejig for 2 Future cosThis is the second large restructuring approved by the five member Kamath committee. Late last month it had approved a Rs 10,900 crore restructuring plan for the Shapoorji Pallonji Group.
from Stocks-Markets-Economic Times h… Read More
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