[1/2]A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo MUMBAI, July 26 (Reuters) – India’s Jio Financial Services (JIOF.NS), part of billionaire Mukesh Ambani led Reliance Group, …
Read More »India’s Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 mln
BENGALURU, July 26 (Reuters) – Indian tech-to-tractor conglomerate Mahindra & Mahindra (MAHM.NS) on Wednesday said it bought a 3.53% stake in private lender RBL Bank (RATB.NS) for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra …
Read More »India’s offer to privatise rocket has 20 potential bidders
BENGALURU, July 27 (Reuters) – The Indian government’s effort to privatise part of its space programme by opening bids to build its small satellite launch rocket has attracted initial interest from 20 companies, an official overseeing the process told Reuters. India’s Small Satellite Launch Vehicle (SSLV) was developed by the …
Read More »Top shareholders of India’s Cipla looking to sell stake – report
BENGALURU, July 27 (Reuters) – Top shareholders of Indian drugmaker Cipla (CIPL.NS) are in talks to sell a part of their stake in the company to private equity players including Blackstone (BX.N) and Baring Asia, Moneycontrol reported on Thursday. The company is not aware of any event that requires disclosure …
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