Business Deals
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Foxconn withdraws from Rs 1.5 lakh crore venture with Vedanta to make semiconductors in Gujarat
The Taiwanese manufacturing firm signed a pact last year with the metals-to-oil conglomerate in a bid to tap into India’s plans to become an electronics major.
Scroll Staff
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AirAsia sells remaining 16.33% stake to Air India
Tata Sons, which owns Air India, already had an 83.67% stake in AirAsia India.
Scroll Staff
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Adani Group acquires Ambuja and ACC to become India’s second-largest cement maker
The group acquired Switzerland-based Holcim’s 63.1% stake in Ambuja Cements and 54.5% holding in ACC Limited.
Scroll Staff
Trending
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‘No educated person will vote for the BJP. What is the point of studying if we do not get jobs?’
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Start the week with a film: Why ‘Manjummel Boys’ was a blockbuster
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Readers’ comments: Article on South Asia’s view of India is ‘horribly biased’
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‘We are living in perpetual fear’: Prajwal Revanna video leaks spark panic among women in Hassan
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The BJP wants an Opposition-free Gujarat. But some are putting up a fight
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Future Group-Amazon dispute: SC stays proceedings before Delhi High Court
Amazon has challenged Future’s Group’s Rs 24,713-crore deal with Reliance Retail.
Scroll Staff
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Amazon wins case in Supreme Court against Reliance-Future Retail merger deal
The court said a Singapore arbitration panel’s decision to restrain Future Retail from going ahead with its deal with Reliance Retail was enforceable in India.
Scroll Staff
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Delhi HC stays order restraining Future Group’s deal with Reliance
Last week, a single-judge bench had restrained the Rs 24,713 crore deal and ordered attachment of properties of Future Group chief Kishore Biyani and others.
Scroll Staff
Video
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Watch: South Korean band performs Rabindra Sangeet accompanied by traditional Korean instruments
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Watch: This man fused hip-hop with Bharatnatyam to dance to Shakira’s ‘Hips Don’t Lie’
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Watch: Comedian hilariously mimics different types of announcements at railway stations
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Eco India: A new buzzword for a protein rich animal feed: Insect farming
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Eco India, Episode 259: How future-proof innovations can revolutionize the way we protect nature
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Delhi HC restrains Future Retail from going ahead with Rs 24.71 crore deal with Reliance
It also imposed a penalty of Rs 20 lakh on Future Group, and asked its owner, Kishore Biyani, to appear before the court in April.
Scroll Staff
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Reliance acquires majority stake in furniture retailer Urban Ladder for Rs 182 crore
Reliance Retail has proposed to further invest up to Rs 75 crore, which may be done by December 2023.
Scroll Staff
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With or without the Future Group deal, Reliance is ahead of Amazon in India’s retail industry
The tech giant has won an interim order against Reliance’s bid to buy the retail business of Future Group.
Niharika Sharma, qz.com
The Reel
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Watch: Manoj Bajpayee’s hundredth movie ‘Bhaiyya Ji’ is a revenge drama
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Start the week with a film: Why ‘Manjummel Boys’ was a blockbuster
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How actor Shahana Goswami flies under the radar and above the competition
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‘Presumed Innocent’ trailer: Jake Gyllenhaal plays a lawyer accused of murdering his lover
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‘Lampan’ trailer: Marathi series is based on Prakash Narayan Sant’s stories
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Abu Dhabi Investment Authority’s subsidiary to invest Rs 5,512 crore in Reliance Retail
ADIA will thus acquire a 1.2% stake in Reliance Retail Ventures Limited.
Scroll Staff
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Reliance Industries continues investment spree, to raise Rs 7,350 crore from two investors
The company said in an exchange filing that through two separate deals, it will sell 1.63% stake in its retail arm Reliance Retail Ventures Limited.
Scroll Staff
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Silver Lake Partners to invest Rs 7,500 crore in Reliance Retail for 1.75% stake
This is the second billion-dollar investment by Silver Lake in Reliance Retail after it picked up a 2.08% stake for $1.35 billion investment in Jio Platforms.
Scroll Staff
The Field
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IPL 2024: Suryakumar Yadav’s unbeaten ton helps Mumbai secure much-needed win over Hyderabad
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India tour of Bangladesh: Visitors register commanding win in rain-affected fourth T20I
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Table Tennis, Saudi Smash: Manika Batra stuns world No 2 Wang Manyu; Desai-Ghorpade beat fifth seeds
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Boxing, Asian U22 & Youth C’ships: Brijesh Tamta, Aryan Hooda shine as India bag five gold medals
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Olympics, Athletics: India’s men’s and women’s 4x400m relay teams make the cut for Paris Games 2024