“Bharti’s cashback offer is targeted at migration of 2G subscribers to 4G services, which will likely be ARPU-accretive and also reduce churn,†CLSA said in a report. It added that the “timing is positive too, ahead of the JioPhone Next launch in Novemberâ€.
TPG’s investment is through the recently released $5.4 billion climate fund – Rise Impact. Former US treasury secretary Hank Paulson serves as its executive chair along with the fund’s cofounder James Coulter. Like several money managers, TPG too has been actively focussing on environmental, social and corporate governance (ESG) investment themes.
Nazara, which has actively been scouting and acquiring companies over the last five years, is now looking to fill some gaps in its casual, social multiplayer, e-sports and real money gaming segments.
Without naming the group, Goenka informed the board Tuesday that two representatives of Invesco - Aroon Balani and Bhavtosh Vajpayee – presented a merger deal to him involving ZEE and “certain entities†owned by the large Indian group (strategic group) on February 23, 2021.
Both announcements on Tuesday are in line with RIL chief Mukesh Ambani’s ambitious plans of investing Rs 75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate’s commitment to be net carbon neutral by 2035.
​For travel portal ixigo, going public is the best option as it not only gives exits to investors but also allows customers and other stakeholders to hold shares in the company and grow with it, cofounder Aloke Bajpai told ET in an interview.
Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some oil explorers such as ONGC and Oil India have benefitted.
The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services, and Digital payments platform BharatPe, said two people familiar with the matter. A new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown in the abilities of Centrum and BharatPe.
Financial institutions had brought hiring to a halt as they dealt with the aftermath of the first and second Covid wave.
The Employees Retirement System of Texas today bought 2.55 million shares of Jain Irrigation at Rs. 49.6 apiece through a bulk deal on the National Stock Exchange.
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