BUSINESS

TPG to invest Rs 1837.5 crore in Reliance Retail

1:15 pm October 3, 2020

New Delhi: Global alternative asset firm TPG will invest Rs 1,837.5 crore to buy 0.41 per cent stake in Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries, a statement by the Indian firm said on Saturday. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. TPG’s […]

Reliance raises Rs 7,350 cr from GIC, TPG through retail unit stake sale

1:07 pm October 3, 2020

New Delhi: Reliance Industries on Saturday announced Rs 7,350 crore investments by Singapore sovereign wealth fund GIC and global private equity firm TPG Capital in its retail unit, taking the total fundraising in the last one month to Rs 32,197.50 crore. While GIC invested Rs 5,512.5 crore in Reliance Retail Ventures Ltd (RRVL) for a […]

Europe’s central bank moves toward introducing digital euro

9:28 pm October 2, 2020

Frankfurt: With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries, saying it had to be ready to launch digital money if a changing world requires it. The central bank issued a comprehensive […]

Rupee zooms 63 paise to close at 73.13 against US dollar

3:09 pm October 1, 2020

Mumbai: The rupee strengthened by 63 paise and closed for the day at 73.13 (provisional) against the US dollar on Thursday, as positive domestic equities and weak American currency buoyed investor sentiments. At the interbank forex market, the domestic unit opened at 73.60 against the US dollar, then gained further ground and finally settled at […]

Sensex ends 95 pts higher in see-saw session

6:46 pm September 30, 2020

Mumbai: Equity benchmark Sensex ended 95 points higher on Wednesday, tracking gains in index majors HDFC twins, HUL and ITC amid mixed cues from global markets. The 30-share index traded on a volatile note through the day, before ending 94.71 points or 0.25 per cent higher at 38,067.93. Similarly, the broader NSE Nifty rose 25.15 […]