 "Reliance Retail")
Sovereign wealth funds bullish on RRVL as valuation doubles in three years
Reliance Retail Ventures Ltd (RRVL), which is looking to raise $2.5-3 billion from global investors ahead of a potential listing on the stock exchanges, has become a hot favourite of sovereign wealth funds (SWFs) with its valuation doubling in the last three years. Read More
Tata Steel signs 500 million pound-deal with UK govt for Port Talbot plant
The United Kingdom on Friday announced a joint investment package with Tata Steel worth £1.25 billion (about $1.55 billion), including a government grant of £500 million ($621 million,) to secure the future of Port Talbot operations in Wales — the country’s largest steelworks — giving a fresh lease of life to the structurally weak business. Read More
LVMH, Gucci to expand in India with new outlets in Reliance's luxury mall
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Gucci, Cartier and Louis Vuitton are among the global brands to sign leases for stores in Mukesh Ambani’s new Mumbai mall, The Jio World Plaza.The move comes as luxury firms and Reliance Industries seek to profit from strong economic growth and a rapid rise in the number of millionaires. Read More
Area under millets except bajra lower than last year this season
The sowing of kharif crops in the country is almost over, and farmers will be watching weather patterns over the next few weeks. Despite the all-round push to promote millets (now called as “Shree Ann”), sowing in this respect hasn’t picked up as strongly except for bajra to some extent. Read More
MoD approves capital acquisition proposals worth about Rs 45,000 crore
Defence Minister Rajnath Singh, heading the Defence Acquisition Council (DAC) on Friday, accorded Acceptance of Necessity (AoN) for nine capital acquisition proposals worth about Rs 45,000 crore. The DAC decided that all these procurements would be made from Indian vendors under the Buy (Indian - Indigenously Designed Developed and Manufactured (IDDM)/Buy (Indian) category. Read More
