Moody’s Investors Service sees India’s economic growth at ‘zero’ in FY21

(Representative image) MUMBAI: Moody‘s Investors Service on Friday said it estimates India’s GDP growth to hit ‘zero’ in FY21 and pointed to a wide fiscal deficit, high government debt, weak social and physical infrastructure, and a fragile financial sector.The quality of India’s economic growth has declined in recent years, demonstrated by financial stress among rural […]

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Reliance Jio Investment: Vista Equity Partners to invest Rs 11,367 crore in Jio platforms | India Business News

NEW DELHI: Private equity firm Vista Equity Partners will pump Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake. This is the third investment announcement for Mukesh Ambani‘s company after social media giant Facebook and Silver Lake’s share acquisition proposal in the last few weeks. “This investment values Jio Platforms at an […]

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Ratan Tata invests in pharma startup Generic Aadhaar

Arjun Deshpande (left) with Ratan Tata. (Photo: Generic Aadhaar/Facebook) MUMBAI: Ratan Tata, who has pumped in hundreds of crores of rupees into start-ups since his retirement from the Tata Group, has invested an undisclosed amount in a 17-year-old kid’s pharma start-up Generic Aadhaar, in his personal capacity. Generic Aadhaar was founded by the Thane kid, […]

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Glaxo to sell 6% in HUL for Rs 26k cr

MUMBAI: In what could turn out to be the largest block deal in the Indian stock market, Horlicks and GlaxoSmithKline PTE together are set to sell nearly 13.4 crore shares of FMCG major Hindustan Unilever (HUL) on Thursday. The transaction will be done through block deals that could top Rs 26,000 crore or about $3.5 […]

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