Google to invest Rs 33,737cr in Jio Platforms for 7.73% stake

Mumbai (IANS) In a mega investment announcement, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday said that Google will invest Rs 33,737 crore in Jio Platforms for an equity stake of 7.73 per cent.

Google is investing at an equity…

SBI to focus on cost reduction, workforce reskilling

New Delhi (IANS) State Bank of India (SBI) Chairman Rajnish Kumar on Tuesday said that the bank will focus on cost reduction, rationalisation, and reskilling of its workforce.

Speaking at the 65th Annual General Meeting (AGM), Kumar said: "The…

RIL's m-cap hits Rs 12 lakh cr, shares at fresh high

Mumbai (IANS) Reliance Industries (RIL) on Monday became the first Indian company to reach market capitalisation of Rs 12 lakh crore, with shares reaching a fresh high of Rs 1,938.80.

Around 10 a.m., RIL's market capitalisation was at over…

Google to pump in Rs 75,000cr to help India go digital

New Delhi (IANS) Google and Alphabet CEO Sundar Pichai on Monday announced a Google for India Digitisation Fund through which the company will invest Rs 75,000 crore, or approximately $10 billion, over the next five to seven years to drive digital…

FM reviews Aatmanirbhar Bharat package, Rs 62k cr disbursed under ECLGS

New Delhi (IANS) Finance Minister Nirmala Sitharman has reviewed the progress of the Aatmanirbhar Bharat economic package's implementation in matters related to the Finance and Corporate Affairs Ministries.

The latest review has shown that…

Jio Platforms receive over Rs 30K cr from 4 investors

Mumbai (IANS) Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.

Among the four investors, Interstellar Platform Holdings (L Catterton)…

Economy showing signs of getting back to normalcy: RBI Guv

Mumbai (IANS) India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday.

In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term…

PM inaugurates 750-MW solar power project in MP's Rewa

Delhi/Rewa (IANS) Prime Minister Narendra Modi on Friday dedicated to the nation a 750-MW solar project - said to be Asias biggest -- at Rewa in Madhya Pradesh through videoconference from Delhi.

The Rs 4,000-crore project has three units of…

T-Hub partners IT Ministry to mentor hardware startups in India

New Delhi (IANS) Hyderabad-based global start-up catalyst T-Hub on Friday announced a partnership with the Ministry of Electronics and Information Technology (MeitY) to lead Digital India's Scale Up programme for hardware and Internet of Things…

Net inflow to equity MFs plunges 95% in June

Mumbai (IANS) Likely profit booking led to a plunge of over 95 per cent in net investments into equity mutual funds schemes in June, compared to May.

The net inflows only stood at Rs 240.55 crore in June, as against Rs 5,256.52 crore in May.