RBI announces outright purchase of Rs 10k cr of bonds from secondary mkts
The Reserve Bank of India (RBI) on Thursday announced an outright purchase of Rs 10,000 crore of bonds from the secondary markets, to be conducted on September 24. The central…
Vedanta Wins Case Against India for $499 Million Award Claim
The Supreme Court ruled on Wednesday that Vedanta Ltd. is entitled to recover a $499 million arbitration award from the central government for developing oil and gas fields in Rajasthan.…
Toyota Plans to Halt Expansion in India Due to High Taxes
One of the biggest manufacturers in the world, Toyota Motor Corp. has said that they will not expand anymore in India due to the high taxes regime of the country.…
Infosys to buy Czech consultancy firm GuideVision for 30 million euros
IT services major Infosys on Monday said it will acquire Czech Republic-based GuideVision for up to 30 million euros (about Rs 260.4 crore). The acquisition is being carried out by…
Japan’s Orix To Invest $980 Million In Indian Renewables Firm Greenko
Japan's Orix Corp said on Friday it would invest about $980 million in Indian renewable energy firm Greenko Energy. India has pledged to increase renewable energy, setting a target of…
Royal Enfield to set up First assembly unit in Argentina
Royal Enfield on Wednesday announced that it will commence local assembly of motorcycles in Argentina in partnership with Grupo Simpa. Royal Enfield partnered with Grupo Simpa back in 2018 which…
Silver Lake will invest Rs7,500cr in Reliance Retail for 1.75% equity
US private equity firm Silver Lake Partners has picked up 1.75 per cent stake in the retail arm of Reliance Industries for ₹7,500 crore, Silver Lake will invest Rs7,500cr in…
Silver Lake had invested $500 Million in Byju’s; valuation now at $10.8 billion
Online learning platform Byju’s has raised $500 million in a fresh round of funding led by US-based private equity (PE) investor Silver Lake. The existing investors Tiger Global, General Atlantic…
Vodafone and Idea are now ‘Vi’ and about to raise Tariff
Nearly two years after a merger, telecom majors Vodafone and Idea on September 7 announced a new identity rebranding Vodafone Idea as Vi (read as We) Comment from CEO “This…
PUBG Mobile Ban: Tencent Has Lost About $34 Billion in Just Two Days
Chinese internet giant Tencent saw its shares trading down by over 2% on the Hong Kong stock exchange following India’s ban on its popular game PUBG. Tencent shares closed at…
