The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app
While foreign investors like Japan's Softbank, China's Alibaba, and the US' Sequoia are big players in the start-up space, India doesn't have a serious VC sector with risk appetite, writes T N Ninan
The stock surpassed its previous high of Rs 13, touched on September 4, 2020
In November, Punjab estimated economic losses from the protests at $4 billion, while one industry group has pegged the overall hit to India's economy at $9.6 billion
IT and auto lead the spurt in hiring so far; most of the jobs for junior or entry levels
Currently, TCS is India's second most valuable firm after Reliance Industries (RIL) which has a market cap of nearly Rs 12.9 trillion (includes market cap of partly-paid up shares)
TCS hit a new high of Rs 3,261 on the BSE in intra-day deals today
The benchmark Sensex ended the session at 49,517, a gain of 247 points or 0.5 per cent. The Nifty rose 78 points or 0.5 per cent to end the session at 14,563
Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail
This is the sixth instance of the e-commerce giant writing to Sebi on the matter
Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel
Growing demand for value-for-money products and higher margins make this a profitable growth option
Telcos have rallied 28% and 25%, respectively, since October 1, 2020
"Being totally disillusioned and fed up with your lackadaisical attitude, we were left with no option, but to accept the offer from the Reliance," Biyani said
Analysts say Ambani offered an opportunity to many global tech companies who were hesitant about negotiating the myriad regulatory challenges in India
RIL has moved the Punjab and Harayana High Court seeking action against destruction of its telecom assets
S&P BSE MidCap index touched record high in the intra-day trade of 18,435. On the sectoral front, Nifty IT index closed at record high
Reliance Jio, in a petition mentioned to be filed in Punjab and Haryana High Court, has sought urgent intervention of authorities to bring a complete stop to illegal acts of vandalism by miscreants
Venture Capital type investments however fell 13 per cent in value (and 16% by volume) in 2020 ($10.7 Billion across 694 deals) compared to last year ($12.5 Billion in 832 deals).
Fines of Rs 25 crore and Rs 15 crore have been imposed on RIL and Ambani, respectively