How Mukesh Ambani, Amazon's Jeff Bezos and Walmart's Doug McMillon are fighting to get a bigger slice of India's $850 billion retail market

CCI had approved Google's proposal two weeks ago. This also paves way for Google to jointly develop Android smartphones in India

Reliance Retail closed nine deals with eight investors between September 25 and November 9. The investors included Silver Lake, KKR, Mubadala, ADIA, GIC, TPG, General Atlantic and PIF

The regulatory approval came about four months after Google announced to invest Rs 33,737 crore to acquire 7.7 per cent stake in the Reliance Industries' technology venture

Share of Mukesh Ambani-led  RIL rose 2.96% to Rs 2013 against previous close of Rs 1955 on BSE

This investment values RRVL at a pre-money equity value of Rs 4.587 lakh crore. PIF also invested Rs 11,367 crore in Reliance Jio for an equity stake of 2.32 per cent

The market believes that RIL has not been able to stitch together big deals in Reliance Retail as it did in Jio Platforms. That's why the share price hasn't moved up much in the last three months

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The fresh fund infusion of Rs 11,650 crore in Reliance Retail Ventures is part of the company's plan to increase the capital base

The deal with Amazon was also conditional based on the government's FDI policy permitting foreign multi-brand retailing firm

RIL stock touched an intraday high of Rs 2262.25, rising 3.89% to Rs 2,296 on BSE

India Stock Market Highlights Today: Titan, ONGC, Bajaj Auto, Maruti, Reliance Industries, HUL and UltraTech Cement were among the top gainers. On the other hand, Bajaj Finance, followed by Bajaj Finserv, IndusInd Bank, ICICI Bank, Kotak Bank and Axis Bank were among the top losers today

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With this investment, Reliance Retail Ventures has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks

As per the prosecution, even though McAfee earned millions of dollars, he did not file tax returns from 2014 to 2018. The authorities have charged him of not revealing his income earned through promotions of digital assets, speaking engagements and consulting jobs

Reliance Industries Chairman Mukesh Ambani on Monday said that Artificial Intelligence (AI) will enable India to move faster towards achieving its $5 trillion economy goal

Elon Musk on Tesla's India entry: 'Next year for sure'; Unlock 5: Reopening of schools not compulsory on October 15, clarifies MHA; GIC, TPG to invest about $1 billion in Mukesh Ambani's Reliance Retail. Watch this and more news on News Blast.

GIC, TPG to invest about $1 billion in Mukesh Ambani's Reliance RetailReliance Industries announced that Singapore sovereign wealth fund GIC and global private equity firm TPG Capital would invest nearly $1 billion in its retail arm, Reliance Retail Ventures. GIC will invest Rs 5,512.5 crore and TPG will invest Rs 1,837.5 crore in the retail arm. In a regulatory filing, Reliance said that the firms would pick 1.22 per cent equity stake and 0.41 per cent equity stake in RRVL respectively.Ind...

In a regulatory filing, Reliance said that the firms GIC and TPG would pick 1.22 per cent equity stake and 0.41 per cent equity stake in RRVL respectively

After the deal, Silver Lake will hold 2.13 per cent stake in Reliance Retail Ventures Limited worth Rs 9,375 crore in total; the retail major will have a pre-money equity value of Rs 4.29 lakh crore