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Business

Equity giant KKR invests ₹11,367 crore in Jio Platforms

Reliance Industries on Friday announced the sale of a 2.32 per cent stake in its digital arm to US private equity giant KKR for Rs 11,367 crore, the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. This is KKR’s largest investment […]

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Business

Mukesh Ambani’s JioMart to take on Amazon, Flipkart

Mukesh Ambani led Reliance Industries Limited (RIL) has launched its  e-commerce venture called JioMart. Operated by Reliance Retail, which is the retail arm of RIL. Billionaire Ambani first hinted at the e-commerce venture by calling it “new commerce initiative” last year. The Mumbai-based company is projected to connect three crores offline retailers with over 20 […]