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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
It’s usually a positive signal when promoters put fresh money into their company. That’s what lifted Reliance Industries Ltd on Friday, after news broke that the promoters led by chairman Mukesh Ambani had raised their stake in India’s largest private sector company.
The stock rose 2% after it emerged that the Ambanis had invested over Rs 9,000 crore in the first quarter to raise their holding by 48 basis points to 50.48%.
This marks the biggest increase in the family’s stake in seven years, and it comes at a time when the stock has struggled. RIL shares are down …
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
