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Mukesh Ambani | Pankaj Nangia/Bloomberg

Investors continue to flock Mukesh Ambani, now KKR to invest $754 million in Reliance Retail

US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

KKR in advanced talks to invest $1 billion in Reliance Retail

Private equity firm KKR & Co. could invest as much as $1.5 billion. This could be another US investment after Silver Lake’s deal of Rs 75 billion.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

How India is becoming an unlikely Asian hotspot for mergers & acquisitions

Thanks largely to $15 billion of investments in Jio, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year.
Mukesh Ambani | Pankaj Nangia/Bloomberg

Mukesh Ambani has lured $10 billion of investment into Jio in just one month

New York-based KKR & Co. Friday became the latest private equity firm to invest in Ambani's Jio Platforms Ltd and will pay Rs 11,367 crore for a 2.3% stake.
Mukesh Ambani

There’s just no stopping Mukesh Ambani as Jio gets Rs 11,367 crore from KKR now

US private equity giant KKR has picked up a 2.32% stake in Jio Platforms, its largest investment in Asia. This is also Jio’s fifth deal in four weeks.

US pvt equity firm KKR to acquire assets from stressed non-bank finance firms

The US private equity firm may spend as much as $270 million to purchase portfolios from local non-banking finance companies.

On Camera

An employee sits on a video call at the Unicredit SpA headquarters in Milan

Why shrinking offices and hot-desking are bad ideas, Covid or no Covid

Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Diesel demand drop forces India to import gasoline as Covid skews output

The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.


File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.