Facebook buying 9.99% stake in Reliance Jio for Rs 43,574 cr, largest FDI in India's tech sector

New York (IANS) It's official. Social media and tech giant Facebook is pouring in Rs 43,574 crore for a 9.99 per cent stake in India's oil-retail-telecom conglomerate Reliance Industries Limited (RIL) led Jio Platforms -- the largest investment…

RIL stocks zoom as FB to invest in Jio Platforms

Mumbai (IANS) Stock prices of Reliance Industries zoomed on Wednesday morning after the company announced that Facebook will invest Rs 43,574 cr in Jio Platforms for a 9.99 per cent Stake.

Jio Platforms is a wholly-owned subsidiary of Reliance…

Sensex falls 1,000 points on oil price crash, Nifty below 9,000

Mumbai (IANS) Indian stock market witnessed a freefall on Tuesday with both the BSE Sensex and the Nifty50 closing below the psychological levels of 31,000 and 9,000, respectively.

The Sensex lost over 1,000 points by the end of the day's…

Equities tumble on oil market crash, Sensex down 800

Mumbai (IANS) The key Indian equity indices plunged over 2 per cent on Tuesday tracking weakness in global markets.

The slump in the stock markets globally came on the back of the huge crash in the US crude oil prices. In a historic price movement,…

E-tailers support Centre's move, but expect relaxations

New Delhi (IANS) As the government on Sunday said that e-commerce platforms will be able to sell only essential goods, e-commerce majors have expressed their support to the decision, but have also said that they hope for relaxations to benefit both…

India extends anti-dumping duty on acetone imports to protect domestic industry

New Delhi (IANS) In a move to safeguard domestic industry from any further injury during the coronavirus outbreak, the central government has extended the operation of higher import duty on a key input used by automobile and construction industry…

ICICI Bank has $100 mn exposure to cash-strapped Hin Leong Trading

New Delhi (IANS) ICICI Bank could see a rise in its non-performing assets with Singapore-based oil trading major Hin Leong Trading filing for bankruptcy.

According to the oil trading company's filing, ICICI Bank has an exposure of $100…

Oil prices fall further, WTI hits $15/barrel on low demand

New Delhi (IANS) Crude oil prices plunged on Monday with the West Texas intermediate (WTI) crude in the US falling below the $15 per barrel mark, the lowest level in 21 years.

The fall in oil prices comes on the back of weak demand amid the…

Maruti prescribes SOP for workplace for resuming operations post lockdown

New Delhi (IANS) Maruti Suzuki has chalked out an action plan for resuming operations post COVID-19 with detailed standard operating procedure (SOP) on maintaining social distancing, hygiene and employee safety.

Maruti Suzuki Managing Director…

US dollar falls as risk appetite increases

New York (IANS) The US dollar weakened in late trading on Friday as risk appetite increased on news about President Donald Trump's plan to reopen the economy.

The dollar index, which measures the greenback against six major peers, was down…