Page 34 - Reliance Industries
Bharti Airtel buys Warburg Pincus' 20% stake in DTH arm for Rs 3,126 crore
Airtel, which is locked in a fierce competition with Reliance Jio in the telecom space, aims to align the ownership of its consumer-facing businesses, with the Warburg Pincus transaction
 "Bharti Airtel buys Warburg Pincus' 20% stake in DTH arm for Rs 3,126 crore")
Future says Amazon asked for $40mn as compensation for RIL deal
E-commerce major Amazon termed the charges as "false and misleading claims"
 "Future says Amazon asked for $40mn as compensation for RIL deal")
Top headlines: Future Group readies for SC battle, WPI inflation rises
Indians return to shopping and Supreme Court serves notice to Facebook, WhatsApp, and the government over user privacy. Those stories and more in our headlines this evening.
 "Top headlines: Future Group readies for SC battle, WPI inflation rises")
ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas
ONGC may use the new subsidiary to buy any new gas that the firm produces from fields such as KG-D5 in the Krishna Godavari basin, people with direct knowledge of the matter said
 "ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas")
Domestic mutual funds trim holdings in Reliance Industries, Infosys
This was in a month when the benchmark Sensex retreated 3 per cent
 "Domestic mutual funds trim holdings in Reliance Industries, Infosys")
NCLT raps Amazon in Future case: Don't be a 'perpetual objector'
Says it has no locus standi in Future's plea to hold shareholder meeting; reserves order
 "NCLT raps Amazon in Future case: Don't be a 'perpetual objector'")
RIL, Infosys, Airtel: MFs trim stake in index heavyweights in January
Reliance Industries, Infosys, Bharti Airtel, Power Grid and Tata Consultancy Services are some of the stocks mutual funds cashed out of last month
 "RIL, Infosys, Airtel: MFs trim stake in index heavyweights in January")
Rising global crude oil prices may spoil D-Street party, say experts
Brent Crude has surged more than 60 per cent since November, crossing $61 a barrel for the first time in 13 months
 "Rising global crude oil prices may spoil D-Street party, say experts")
Amazon moves SC challenging Delhi HC order on Future-Reliance deal
The e-commerce giant has contended that the Division Bench order is illegal, and arbitrary apart from being without jurisdiction
India's gas production rises above pre-Covid level over KG-D6 field: DGH
DGH, the government custodian of upstream oil and gas production in the country, said production levels are likely to be higher in the 2021 calendar year
 "India's gas production rises above pre-Covid level over KG-D6 field: DGH")
Top headlines: India says Covid deaths falling; bank unions call for strike
Business Standard brings you top news of the evening
 "Top headlines: India says Covid deaths falling; bank unions call for strike")
Amazon-Mukesh Ambani spat tests India's allure for foreign investors
The keenly watched case may set an important legal precedent for investors on whether emergency decisions by foreign arbitrators are valid in India
Kirana comes full circle
Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery
 "Kirana comes full circle")
Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers
Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said.
 "Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers")
Without Reliance deal, future uncertain for Kishore Biyani's firms
This week, the Delhi High Court directed Biyani's flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his business to Reliance
 "Without Reliance deal, future uncertain for Kishore Biyani's firms")
Future-RIL deal skating on thin ice, may even get derailed, say lawyers
They believe the best way forward is for Amazon and Future to negotiate with each other on how to ensure that Future group companies do not end up in bankruptcy courts
 "Future-RIL deal skating on thin ice, may even get derailed, say lawyers")
Committed to helping FRL, don't want the company to go down: Amazon lawyer
Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through
 "Committed to helping FRL, don't want the company to go down: Amazon lawyer")
Reliance arm sheds entire stake in Pennsylvania shale assets for $250 mn
Citigroup Global Markets acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel
 "Reliance arm sheds entire stake in Pennsylvania shale assets for $250 mn")
Reliance deal will save jobs of 25,000 employees: Future Retail lawyer
The Delhi High Court is hearing the appeal filed by Future Retail Limited (FRL) against the Court's order passed earlier this week
BSE m-cap at Rs 200 trillion as Sensex ends 358 pts up at 50,614; PSBs jump
Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level
 "BSE m-cap at Rs 200 trillion as Sensex ends 358 pts up at 50,614; PSBs jump")
