Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Sharpening its e-commerce play, Reliance Retail Ventures Ltd (RRVL) is acquiring a controlling stake in 25-calendar year-old look for motor platform Just Dial for Rs five,719 crore. RRVL will purchase 25.33 for every cent in Just Dial through a preferential allotment at Rs 1,022.25 for every share and take a further fifteen.sixty two for every cent from its founder VSS Mani at Rs 1,020 for every share. Go through extra



In a breather to telcos, DoT may perhaps lighten debt burden by enjoyable timelines

The govt has resolved to initiate consultations on relief steps for the highly pressured telecom sector. This arrives in the backdrop of Vodafone Plan and its loan providers trying to get govt intervention to avert a economic disaster. Go through extra

Zomato IPO subscribed 38 situations, generates desire well worth more than Rs two trillion

Foodstuff shipping get started-up Zomato’s original community supplying (IPO), the to start with by an Indian unicorn, drew bids well worth Rs two trillion as it was subscribed extra than 38 situations on Friday. Zomato acquired bids for 27.five billion shares towards the 719 million on present. Approximately 3-fourths of the bids arrived from institutional investors, with the capable institutional consumer (QIB) portion garnering 52 situations membership. Go through extra

International surge in Covid-19 circumstances a warning for us: PM Narendra Modi

Primary Minister Narendra Modi said on Friday that the surge in Covid-19 circumstances in Europe, the US, and some of the neighbouring international locations this sort of as Bangladesh, Indonesia, and Thailand was a warning to the globe as very well as India that the coronavirus was nonetheless amidst us. Go through extra

Sebi retains PNB Housing board accountable for preferential pricing nod

The Securities and Trade Board of India (Sebi) told the Securities Appellate Tribunal (SAT) on Friday that the board of administrators of PNB Housing Finance experienced erred in approving the pricing for the preferential allotment of shares as it did not conform to the firm’s content articles of association (AoA). Go through extra

Paytm documents for India’s greatest IPO, eyes $25 bn-$thirty bn valuation

One particular 97 Communications, proprietor of the country’s most significant digital payments provider Paytm, has submitted the present doc for the most significant at any time original community supplying (IPO) in the state. The IPO sizing is approximated at Rs sixteen,600 crore, 50 percent of which will be a fresh fund elevate by the enterprise. Go through extra