Corporate

Sicora Technologies Private Limited forges an Equity and Strategic Partnership deal at a valuation of US $ 3.5 Million in its Angel / Seed Investment Round with Gaurav Mishra, Founder of Navayuvak Entrepreneurs Sicora Technologies Private Limited, promoted by 25 years old Yash Jain and incubated by T5 Networks LLP has now forged a key Strategic Partnership with Gaurav Mishra,...

Shares of billionaire Mukesh Ambani-promoted company - Reliance Industries - rose as much as 3.87 per cent to hit an intraday high of ₹ 2,025 after its retail arm - Reliance Retail Ventures Ltd. (RRVL) - secured an investment of ₹ 9,555 crore from Saudi Arabia's wealth fund. Reliance Industries on Thursday said that the Public Investment Fund (PIF)...

Reliance Industries Ltd. on Thursday said that the Public Investment Fund (PIF) of Saudi Arabia will invest ₹ 9,555 crore for an equity stake of 2.04 per cent in Reliance Retail Ventures Limited (RRVL) valuing the company at ₹ 4.59 lakh crore. "This investment will further strengthen PIF's presence in India's dynamic economy and promising retail market segment," the...

Missouri's highest court on Tuesday refused to consider Johnson & Johnson's appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products. The Missouri Supreme Court let stand a June 23 decision by a state appeals court, which upheld a jury's July 2018 finding of liability but...

Mukesh Ambani, Asia's richest man, lost almost $7 billion from his net worth as Reliance Industries Ltd.'s shares tumbled the most in over seven months following a drop in quarterly profit. The stock of India's most-valuable company closed 8.6% lower in Mumbai on Monday, slipping the most since March 23. It was the day's worst performer on the benchmark S&P...

Shares of billionaire Mukesh Ambani-promoted company Reliance Industries fell as much as 5.79 per cent to ₹ 1,935.20 on the BSE after its net profit in September quarter declined 15 per cent to ₹ 9,567 crore. The oil-to-telecom conglomerate had posted a net profit of ₹ 11,262 crore in the corresponding period a year ago. Reliance Industries' revenue from...

Amazon.com Inc has complained to the Securities and Exchange Board of India (Sebi) that its local partner Future Retail misled shareholders by incorrectly saying it was complying with its contractual obligations to the US e-commerce giant, a letter seen by news agency Reuters shows. Amazon is locked in a bitter legal dispute with Future Group, which in August sold its...

Amazon.com Inc on Thursday forecast a jump in holiday sales - and costs related to COVID-19 - as consumers continued to shop more online during the pandemic. A company executive added that heightened spending on delivery infrastructure would likely continue over years, and shares fell 2 per cent in after-hours trading. Since the start of the virus outbreak in the United...

Industrial conglomerate Larsen & Toubro's shares fell nearly 6 per cent on Thursday, a day after the company reported a quarterly loss from continuing operations on a standalone basis. In a regulatory filing after market hours on Wednesday, the infrastructure major said its net loss from continuing operations came in at Rs 1,767.10 crore in the July-September period, as against a net profit...

Apple is reportedly fast-tracking the development of a search engine to take on Google Search. Although there has been speculation for some time now that the Cupertino company is building a Google Search alternative, the latest report is based on the enhanced search functionality offered on iOS 14 and iPadOS 14, which doesn't require Google support to answer user...