By seeking to stall Ambani's purchase of Future, Bezos may be signaling that he would rather remain a rival
Ambani slips four places on global rich list
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday
The profit in Q2 was lower sequentially as well as the April-June earning of Rs 13,248 crore included one-time gain of Rs 7,629 crore from sale of 49 per cent stake in petro retailing business to BP
Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries
Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant
Reliance has raised more than $20 billion by selling stakes in Jio Platforms. Global investors including Facebook and Google bought a combined 33% in that venture this year
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IT stocks were expected to re-rate and that is happening now.
The group plans to launch an umbrella portal in December, but there are major challenges in its ability to compete with RIL, Amazon and Walmart-owned Flipkart
Continuing its rally, shares of Reliance Industries Ltd on Thursday zoomed 8.5 per cent and the company's market valuation rose to $199.64 billion in late afternoon trade
RIL stake sale in retail arm will enable it to pursue other growth initiatives while maintaining zero net debt status and also help solidify its position in the market, global rating agencies said
BSE Sensex today settled at 38,840 levels, up 646 points, while NSE's Nifty ended at 11,449, up 171 points
After building a 'digital layer' (Jio Platforms) on top of the existing 'physical layer' of retail shops, RIL would over the next 4 years focus on a third 'layer of commerce', BofA Securities said
Shares of RIL had hit an all-time high of Rs 2,198.70 on July 27, 2020.
RIL's acquisition comes at a time when arch-rival Amazon has just started selling pharmaceutical products in Bangalore markets.
From RBI policy review, Facebook planning further expansion to Voda Idea reporting Q1 loss, here are the top news on Friday morning
The company said the matter pertains to the issue of debentures with convertible warrants two decades ago
All that happened in the markets today
Large-cap MFs risk face risk of losing out on the rally