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India"s Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

India's Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc , boosting its efforts to cut debt......»»

Category: topSource: reutersMay 4th, 2020

India"s Reliance says Silver Lake to invest nearly $750 million in its digital arm

Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest 56.56 billion rupees ($746.74 million) in its digital arm, giving it a valuation of 4.90 trillion rupees......»»

Category: topSource: reutersMay 4th, 2020

Facebook bets on India with $5.7 billion Reliance deal

Facebook is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries' digital arm, as it looks to roll out services for India's grocers and small businesses by capitalizing on WhatsApp's extensive reach in the country......»»

Category: topSource: reutersApr 22nd, 2020

Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small businesses by capitalising upon WhatsApp's already extensive reach within the country......»»

Category: topSource: reutersApr 22nd, 2020

Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers

Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India......»»

Category: topSource: reutersApr 22nd, 2020

Facebook to buy 10% stake in telco unit of India"s Reliance Industries for $5.7 billion

Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services......»»

Category: topSource: reutersApr 22nd, 2020

Facebook takes $5.7 billion stake in India"s Jio Platforms

Facebook Inc. on Tuesday announced a $5.7 billion investment in India's Jio Platforms Ltd. The Indian tech company is part of Reliance Industries Ltd., and has brought nearly 400 million Indians on.....»»

Category: topSource: marketwatchApr 21st, 2020

Facebook invests $5.7 billion in India"s Reliance Jio

Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited......»»

Category: topSource: reutersApr 21st, 2020

Exclusive: India"s Reliance seeks to sell Mideast crude cargoes in rare move

India's Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on Friday......»»

Category: topSource: reutersMar 27th, 2020

Saudi Aramco to buy Reliance stake, reports 12% earnings slide

Saudi Aramco reported a 12% fall in half-year net profit on Monday, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business......»»

Category: topSource: reutersAug 12th, 2019

Reliance Industries set to bring Tiffany stores to India

India's Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweller Tiffany & Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands......»»

Category: topSource: reutersAug 7th, 2019

Amazon in talks to buy stake in India"s Reliance Retail: sources

Amazon.com Inc is in talks with Reliance Industries Ltd's retail unit to buy a stake in India's biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters on Friday......»»

Category: topSource: reutersAug 2nd, 2019

Amazon in talks with India"s Reliance Retail for stake purchase: sources

Amazon.com Inc is in talks with Reliance Industries Ltd's retail unit to buy a stake in India's biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters on Friday......»»

Category: topSource: reutersAug 2nd, 2019

Amazon in early talks to buy stake in India"s Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd's retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday......»»

Category: topSource: reutersAug 1st, 2019

India"s Reliance to buy Hamleys toy store chain

Reliance Industries, better known as an oil refiner, is buying UK-based toy store chain Hamleys in a deal valued at about $88.5 million. Julian Satterthwaite reports......»»

Category: videoSource: reutersMay 10th, 2019

Chinese group sells Hamleys toy stores to India"s Reliance Industries

Hamleys, the world's oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries Ltd said it had agreed to buy the British high street icon......»»

Category: topSource: reutersMay 10th, 2019

India"s Reliance Industries buys global toy retailer Hamleys

India's Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said on Thursday......»»

Category: topSource: reutersMay 9th, 2019

Reliance sends fuel from India, Europe to Venezuela to sidestep U.S. sanctions

India's Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data......»»

Category: topSource: reutersMar 21st, 2019

Aramco takes step to integrating petrochems into US biggest refinery

The 1.2-million bpd Reliance Industries refinery in Jamnagar, India, has the world's largest crude oil processing capacity.....»»

Category: topSource: business-standardApr 8th, 2018

FedEx"d Diamonds Fueled India"s Largest Bank Fraud

Three bankrupt US firms with “direct” links to the Indian billionaire Nirav Modi were involved in transactions related to an alleged multib.....»»

Category: blogSource: zerohedgeAug 31st, 2018