Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.
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.
Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
Silicon Valley’s ambitions in India represent a threat to Ambani’s ability to achieve dominance in his home market, but winning their cooperation, could help him achieve it faster.
RIL is set to acquire the retail, wholesale, logistics and warehousing units of Future Group for Rs 24,710 crore as Ambani pushes ahead with his ambitions in the retail sector.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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