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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The real reason why Modi says what he does – Hindu India accepts it
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BJP’s street-fighters in coastal Karnataka want a share in power
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‘Nehru, Indira were not fools’: JNU VC says uniformity in religion, language cannot be imposed
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For better or for worse? Shifts in gender norms in India – in 12 charts
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‘Supporter of BJP met me’: Surat candidates on the various reasons they withdrew from the election
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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.
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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: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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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.
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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: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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In ‘Tahader Katha’, the many partitions endured by a freedom fighter
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Watch: Ryan Reynolds and Hugh Jackman in ‘Deadpool & Wolverine’ trailer
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Start the week with a film: A legend returns in ‘Bob Marley: One Love’
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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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Watch, highlights ISL 2023-24: Mumbai City win dramatic semi-final first leg against FC Goa
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Athletics, Asian U20 C’ships: India clinch medals in men’s javelin, discus and 1500m on opening day
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Boundaries and impact: The imbalance in IPL 2024 shows it is not a good time to be a bowler
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IPL 2024: Delhi Capitals hold their nerve to beat Gujarat Titans in a high-scoring thriller
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Boxing: Preeti to headline India’s 50-member squad for Asian U-22 & Youth Boxing Championship