Ankit Desai will work as a subcontractor to law firm Eversheds Sutherland US LLC, which represents Reliance in matters related to Venezuelan sanctions imposed during the Trump admin.
For many manufacturing firms in India, Modi govt's decision to open up vaccinations for all & allow private sector to directly purchase vaccines was a long pending demand.
A unit of Reliance Industries will buy Stoke Park, which owns and manages a hotel, sports and leisure facilities in Buckinghamshire, adding to its consumer and hospitality assets.
Saudi's Public Investment Fund, a sovereign wealth fund, will pick a 2.04% stake in Mukesh Ambani's Reliance Retail and will be its third investment in the conglomerate.
The slide also shaved down Mukesh Ambani’s wealth to about $73 billion to mark his worst day since March, according to the Bloomberg Billionaires Index.
Ambani's comments come at a time when the govt is trying to revive an economy poised for a historic annual contraction, following the world's strictest Covid lockdown.
With the latest investment, Reliance Retail has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG & ADIA in less than 4 weeks.
Reliance Industries, owner of world’s largest refining complex, signed a deal to purchase 2 million barrels of heavy Canadian oil a month for next 6 months.
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.
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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