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Shares of billionaire Mukesh Ambani's Reliance Industries (RIL) rose 2 per cent to hit an intra-day high of Rs 2,048.70 on the BSE after the company said it has begun the process of carving out the O2C business into an independent subsidiary and expects to get the necessary approvals for the same by the second quarter of the next financial year. The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL and will result in no change in the company's shareholding. It further added that it will focus on new energy and new materials business “...

PE/VC sector saw investments worth $47.6 billion in 2020 January 28, 2021 One of the biggest reasons for the decline in PE/VC investments in 2020 is the under-performance of the infrastructure and real estate sectors   -  istock.com/marchmeena29 One of the biggest reasons for the decline in PE/VC investments in 2020 is the under-performance of the infrastructure and real estate sectors   -  istock.com/marchmeena29× It was led by fund-raising by Reliance Group entities The private equity and venture capital (PE/VC) sector recorded investments worth $47.6 billion across 921 deals in 2020, ...

Google updates Play Store policies on gamified loyalty programs following confusion in India Google has updated and broadened its Play Store policy on gaming loyalty programs to help developers better understand the practices that are permitted, months after confusion about the guidance prompted some backlash in India, the biggest Android market by users. The company said on Thursday that it now specifies guidance on gamified loyalty programs that are based on a qualified monetary transaction in an app and offer prizes of cash or other real-world cash equivalent perks. Scores of apps run gami...

Explore Now The key concern for the market has been the Reliance margins as well as the slowdown in growth in some of the key segments like the retail and Jio businesses, says MOFSL. What do you make of RIL’s earnings, especially the performance of Jio and retail businesses? Also, how have you looked at their new style of reporting earnings? On a consolidated basis, Reliance numbers were marginally below expectations. On a consolidated basis, EBITDA was down 5% and on a year-on-year basis, that was stark. EBITDA was down 33% on a standalone basis on a year-on-year basis. The key disappoint...

Gush of liquidity is going to increase and emerging markets like India definitely will get a lions share of that liquidity, says Sudip Bandyopadhyay.