General Atlantic Partners took a 1.34% stake in Jio Platforms for a sum of Rs.6600 crore. This is the fourth such deal that Jio Platforms has closed. Earlier, Facebook, Silver Lake Partners and Vista Partners had taken a stake in Jio Platforms. Till Read more [...]

Government of India plans to extend the maturity of its bonds maturing in June 2020 to longer tenures. The auction for the 8.27% bonds maturing in June will be extended in 3 blocks. Out of the bonds worth Rs.30,000 crore maturing in June, Rs.4,000 Read more [...]

The IIP for the month of March 2020 came in at (-16.5%), which was much worse than anticipated. March only had one week of lockdown. The negative IIP was driven by deep cuts in manufacturing and in electricity generation with mining almost flat in March. Read more [...]

In a development that is likely to disappoint markets, the prime minister asked all the chief ministers of states to get ready for Lockdown 4.0. This hint was given as the number of COVID-19 cases rose rapidly to beyond 71,000 in India. Health observers Read more [...]