Alibaba founder Jack Ma in India; to meet Snapdeal’s Kunal Bahl
NEW DELHI | MUMBAI: Alibaba founder Jack Ma is on a visit to India, his first to the country after a record-shattering initial share sale saw the ecommerce company raise $25 billion (Rs 1.5 lakh crore) in September. Ma, who is China’s wealthiest man with a net worth of nearly $30 billion, is... read more »
Reliance Capital gains as Nippon Life Insurance hikes stake in asset manage...
Reliance Capital surged 4.56% to Rs 503 at 13:09 IST on BSE after the company said Nippon Life Insurance has agreed to increase its stake in Reliance Capital Asset Management to 49% from the existing 26% in two or more tranches. The announcement was made during market hours today, 26 November... read more »
MTNL planning to raise around Rs 2,300 crore by selling bonds with ten-year...
MUMBAI: State-owned Mahanagar Telephone Nigam is planning to raise around Rs 2,300 crore by selling bonds with ten-year maturity. A week ago, it had mobilised Rs 1,500 crore by offering the same securities. “We have got approval for Rs 3,769 crore collectively this year, and are raising it in... read more »
Murder of Lee Rigby ‘could not have been prevented’
The murder of Fusilier Lee Rigby could not have been prevented by the intelligence agencies, according to a parliamentary inquiry, despite the names of his killers appearing in seven different agency investigations. The soldier was killed near Woolwich Barracks in London on 22 May 2013 by Muslim... read more »
