Reliance Industries is likely to use 75% of the proceeds of the rights issue to repay debt. The total size of the rights issue is Rs.53,100 crore of which nearly Rs.40,000 crore will be used to repay the debt of the RIL group. Currently, RIL has net Read more [...]

Sensex corrected by 1069 points on Monday as the markets were disappointed by the stimulus package. The big hit came from banks, financials and auto stocks. The big worry was the extension of the lockdown and the fears that there could be a real compression Read more [...]

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 [...]