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#Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg

Saudi Aramco 1% Stake Is a Tough Sell - Bloomberg Five years after Crown Prince Mohammed Bin Salman ventured that “in 2020 we can live without oil,” he is, once again, hawking Saudi Arabia’s oil champion to raise funds. In a recent, sweeping interview with Arab News, he teased the potential sale of 1% of Saudi Arabian Oil Co., or Saudi Aramco, to a “huge company” in an oil-importing country.Who would pay $19 billion for that sliver of the Saudi dream? The obvious candidates are in Asia, where ...
Tags: Travel, Asia, Saudi Arabia, Russia, India, Bloomberg, Reliance, Reuters, Aramco, Saudi Aramco, Mohammed bin Salman, BP Plc, Reliance Industries Ltd, David Fickling, Saudi Arabian Oil Co, Rupert Neil Bumfrey


2A Incrementalism vs All or Nothing: Restoring Second Amendment Rights

Dean Weingarten on the steps of the Supreme Court. U.S.A. –-(AmmoLand.com)- This correspondent has been involved in the struggle to restore Second Amendment rights for more than 50 years. For much of that period, many of those who wanted the Second Amendment to be honored in the United States asked a simple question: Why doesn’t the NRA[or any other pro 2A group] bring a case to the Supreme Court? The assumption was the Supreme Court would rule in favor of the clear “shall not be infringed” ...
Tags: Utah, Guns, Supreme Court, Montana, US, Department Of Defense, Reagan, History, United States, Idaho, Alaska, Arizona, District Of Columbia, Fdr, Kennedy, Second Amendment


Mukesh Ambani Doesn't Have Much Need for a 1% Stake in #Saudi Aramco - Bloomberg

Mukesh Ambani Doesn't Have Much Need for a 1% Stake in Saudi Aramco - Bloomberg Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.Prince Mohammed didn’t disclose which compa...
Tags: Travel, Jane Austen, Financial Times, Mohammed, Reliance, Aramco, Saudi Aramco, Mohammed bin Salman, Reliance Industries Ltd, Saudi Arabian Oil Co, Mukesh Ambani, Rupert Neil Bumfrey, Saudi Aramco Bloomberg


#Saudi Aramco and India’s Reliance discuss cash and share stake deal | Financial Times

Saudi Aramco and India’s Reliance discuss cash and share stake deal | Financial Times Saudi Arabia has held talks with Mukesh Ambani’s Reliance Industries about a cash and share deal for a stake in the Indian company’s refining and petrochemicals arm, as the world’s largest crude oil exporter seeks to deepen ties with the fastest-growing energy consumer.   Three people familiar with the matter said talks were revived in recent weeks to finalise state energy giant Saudi Aramco’s acquis...
Tags: Travel, Saudi Arabia, India, Reliance, Saudi Aramco, Reliance Industries, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, | Financial Times


Inside the iconic British estate that Asia's richest man just bought for $79 million and that's served as a set for 2 James Bond films

Stoke Park includes a five-star hotel with 49 rooms and suites, restaurants, a spa, tennis courts, and a 27-hole golf course. Stoke Park Indian billionaire Mukesh Ambani's company just paid $79 million for a historic English hotel and country club, Bloomberg reports. The property includes a 5-star hotel, a 27-hole golf course, 13 tennis courts, and a restaurant. Ambani, who's worth $71.5 billion, is Asia's richest person and the 13th-wealthiest person in the world. See more st...
Tags: Asia, Real Estate, UK, England, Hotels, International, Trends, Bloomberg, Features, Britain, Andy Murray, Novak Djokovic, Kings, James Bond, King, Sean Connery


India: The Battle Between The Giants Continues: The Conundrum Of ‘Emergency Arbitration' In India - Advani & Co

Caught up in the grid lock of a massive dispute making headlines every day, Amazon, Future Group and Reliance continue their battle all the way to the Supreme Court of India.
Tags: News, India, Reliance, India Advani, Amazon Future Group


Factbox: #SaudiArabia's major inward and outward investments | Reuters

Factbox: Saudi Arabia's major inward and outward investments | ReutersThe release of a U.S. intelligence report implicating Saudi Arabia’s Crown Prince Mohammed bin Salman in the killing of journalist Jamal Khashoggi has highlighted the political risk for companies and investors of doing business with the kingdom.Saudi Arabia, which rejected the report’s findings, is keen to attract foreign investors to help end its dependence on oil. The kingdom has also been scouting for deals abroad to transf...
Tags: Travel, Saudi Arabia, India, Middle East, Lockheed Martin, Mohammed, Pif, Alwaleed Bin Talal, Reliance, Reuters, Mohammed bin Salman, Warner Music Group, U S Treasury, Reliance Industries, Rupert Neil Bumfrey, NEOM


India's richest family is planning to build the world's largest zoo, and the 280-acre project has already sparked a protest by animal activists

Nita Ambani, Anant Ambani, and Mukesh Ambani at an event in Mumbai in March 2020. Prodip Guha/Getty Images The Ambanis, India's richest family, plan to build the world's largest zoo and animal rescue center in western India. The zoo is reportedly a "pet project" of Anant Ambani, the youngest son of billionaire Mukesh Ambani. On Sunday, activists protested the transfer of two black panthers from a state-run zoo to Reliance's planned private zoo.  Visit the Business section of Insider for mo...
Tags: Google, Facebook, Asia, Beyonce, News, Nick Jonas, France, India, Israel, Trends, Hillary Clinton, Billionaires, Mumbai, Sundar Pichai, Gujarat, Priyanka Chopra


Tata Group reaches agreement to buy majority stake in BigBasket

Indian conglomerate Tata Group has reached an agreement to acquire a majority stake in grocery delivery startup BigBasket, a source familiar with the matter told TechCrunch. The salt-to-software giant is buying over 60% stake in BigBasket, valuing the Indian startup between $1.8 billion to $2 billion, the source said, requesting anonymity as the deal is still private. BigBasket has raised over $750 million prior to the deal with Tata. Indian news network ET Now reported on Tuesday that the two f...
Tags: Amazon, Food, Fundings & Exits, Apps, Asia, India, Softbank, Funding, Tech, Bank Of America, Alibaba, Jaguar Land Rover, Mumbai, Tetley, Flipkart, Bangalore


Forget winning, can Amazon survive in India?

During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in the country. Amazon’s announcement underscored how far India had come to open up to foreign firms. The nation, which had largely kept doors shut to international giants between its independence in 1947 to liberalization in 1991, has slowly transformed itself into the world’s largest open market. In a...
Tags: Google, Amazon, Facebook, Ecommerce, Apps, Asia, Entertainment, Government, Singapore, India, BJP, Narendra Modi, Tech, Walmart, Vodafone, The New York Times


Jumbotail raises $14.2 million for its wholesale marketplace in India

Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second largest internet market. The five-year-old startup said the new tranche of its Series B financing round was led by VII Ventures, with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, and Di...
Tags: Food, Facebook, Ecommerce, Asia, Ebay, India, Funding, Tech, Goldman Sachs, New Delhi, Nexus Venture Partners, Bangalore, Nps, Reliance, South India, Reliance Retail


Indian B2B e-commerce startup Udaan raises $280 million

Business-to-business marketplace Udaan has raised $280 million from new and existing investors as the Indian startup builds a war-chest to accelerate its growth and fend off rivals. The new capital is not part of a new financing round but is an extension of Series D. The Bangalore-based startup, which secured $585 million prior to the new capital as part of its Series D round and overall $1.15 billion to date, is now valued at over $3.1 billion, a source familiar with the matter told TechCrun...
Tags: Amazon, Facebook, Ecommerce, Asia, India, Funding, US, Tech, Bank Of America, Goldman Sachs, Payments, Flipkart, Bangalore, Lightspeed, Reliance, Coca Cola PepsiCo


Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver - Bloomberg

Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver - Bloomberg Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver.The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy cong...
Tags: Travel, Facebook, Asia, Bloomberg, Reliance, Reliance Industries Ltd, Mukesh Ambani, Rupert Neil Bumfrey, Ambani, Facebook Inc Google


Indian court rejects retail giant Future Group’s plea against Amazon

An Indian court rejected Future Group’s plea that sought to prevent its partner Amazon from interfering in — and blocking — the Indian retail giant’s $3.4 billion asset sale deal to Mukesh Ambani’s Reliance Industries, delivering a glimmer of hope to the American e-commerce firm that has invested more than $6.5 billion in the world’s second largest internet market. Future Group was seeking an ad-interim injunction to restrain its partner Amazon from writing to regulators and other authorit...
Tags: Amazon, Ecommerce, Asia, Singapore, India, Tech, Jeff Bezos, Amazon India, Reliance, Delhi High Court, Reliance Industries, BCG, East India company, Competition Commission of India, Mukesh Ambani, Future Group


Facebook relaunches Instagram Lite app, begins test in India

Facebook is working to bring back the Instagram Lite app, months after it shut down the light version offering worldwide. The social conglomerate said on Wednesday that it is testing the revamped Instagram Lite app in India, where it hopes to “gain valuable insights” about the new offering before “a global rollout” of the app later. The revamped Instagram Lite app weighs less than 2MB and delivers a “fast, reliable, and responsive” experience of the social service. The Android app supports...
Tags: Social, Facebook, Apps, Mark Zuckerberg, Asia, Instagram, India, Tech, Whatsapp, Bose, Facebook Lite, App Annie, Shah, Reliance, Abhijit Bose, Ajit Mohan


Facebook launches revamped Instagram Lite app in India

Facebook is working to bring back the Instagram Lite app, months after it shut down the light version offering worldwide. The social conglomerate said on Wednesday that it is testing the revamped Instagram Lite app in India, where it hopes to “gain valuable insights” about the new offering before “a global rollout” of the app later. The revamped Instagram Lite app weighs less than 2MB and delivers a “fast, reliable, and responsive” experience of the social service. The Android app supports...
Tags: Social, Facebook, Apps, Mark Zuckerberg, Asia, Instagram, India, Tech, Whatsapp, Bose, Facebook Lite, App Annie, Shah, Reliance, Abhijit Bose, Ajit Mohan


Amazon is reportedly eyeing a $100 million investment in the Apollo Pharmacy chain, further expanding its healthcare plans

Amazon considers $100 million investment in India's pharmacy chain Amazon/Handout via Reuters Amazon is looking to invest nearly $100 million in Apollo Pharmacy, the Indian pharmacy chain, two people familiar with the plans told the Economic Times Wednesday. Amazon's plans to expand in India come after the launch of its own Amazon Pharmacy service in the US November 17, allowing people to buy prescription drugs through its website. The potential investment would come amid competition i...
Tags: Amazon, India, US, Trends, Amazon Web Services, Reliance, Reuters, Economic Times, Reliance Industries Ltd, Tata Group, Reuters Amazon, Mukesh Ambani, Apollo Hospitals, Walmart US, Amazon Pharmacy, Kate Duffy Reuters


Reliance’s Jio Platforms says it will roll out 5G in second half of 2021

Reliance’s Jio Platforms, the largest telecom operator in India, plans to roll out a 5G network in the country in the second half of 2021, top executive Mukesh Ambani announced on Tuesday. “India is today among the best digitally connected nations in the world. In order to maintain this lead, policy steps are needed to accelerate early rollout of 5G, and to make it affordable and available everywhere. I assure you that Jio will pioneer the 5G revolution in India in the second half of 2021,” said...
Tags: Google, Facebook, Asia, Government, India, Nokia, US, Tech, Huawei, Ericsson, Airtel, Reliance, Reliance Jio, Reliance Industries, Jio, Mittal


Summaries Sunday: Supreme Advocacy

One Sunday each month we bring you a summary from Supreme Advocacy LLP of recent decisions at the Supreme Court of Canada. Supreme Advocacy LLP offers a weekly electronic newsletter, Supreme Advocacy Letter, to which you may subscribe. It’s a summary of all appeals as well as leaves to appeal granted so you will know what the SCC will soon be dealing with (October 10 – November 20, 2020 inclusive). Oral Judgments Criminal Law: Jury Challenges R. v. Chouhan, 2020 ONCA 40; 2020 SCC (39062) The ...
Tags: Law, Court, Canada, Court of appeal, Quebec, Antigua, Matta, Reliance, Brown, Reilly, Riley, RCMP, Christopher, Abella, Superior Court, Babos


Exclusive: Reliance Digital exposes personal data of several prospective PlayStation 5 buyers

You are reading it here first: At least a hundred Indians interested in buying the PlayStation 5 might have to shell out more than just money. Reliance Digital took out a pre-registration survey of people who were interested in purchasing the game console, but in the process, left their names, email addresses and phone numbers exposed. Reliance Digital took the survey down after MediaNama reached out to them asking if they were aware of this. The company did not respond to our queries. At the ti...
Tags: Travel, Google, News, India, Kaspersky, Sony, UPI, Reliance, PTI, Reliance Digital, Medianama, Google Form, Aroon Deep, Sony India, PlayStation 5


India approves Reliance’s $3.4 billion deal with Future Group, brings new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon, which had raised objections over the deal. The Competition Commission of India (CCI), the Indian antitrust body, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second large...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


India approves Reliance’s $3.4 billion deal with Future Group, brings a new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon in the key overseas market. The Competition Commission of India (CCI), the Indian watchdog, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second largest retail chain, by Re...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


Reliance says retail venture completes fundraising, rakes in $6.4 billion | Reuters

Reliance says retail venture completes fundraising, rakes in $6.4 billion | Reuters India’s Reliance Industries Ltd on Thursday said its retail arm had completed its fundraising exercise as more than half a dozen investors poured 472.65 billion rupees ($6.37 billion) into a 10.09% stake in the company in two months.Reliance Retail Ventures Ltd (RRVL) began raising capital in September, with U.S.-based private equity firm Silver Lake Partners pumping 75 billion rupees for 1.6% of the venture.The ...
Tags: Travel, Saudi Arabia, Flipkart, Reliance, Reuters, Amazon com Inc, Silver Lake Partners, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Public Investment Fund, Reliance India, Mubadala Investment Co, Walmart Inc, Reliance Retail Ventures Ltd, Reuters India 's Reliance Industries Ltd, KKR Co Inc Abu Dhabi


Reliance Retail acquires 96% stake in Urban Ladder for over ₹182 crore

Reliance Retail has invested more than ₹182 crore in online furniture retailer Urban Ladder in return for a 96% stake in the company, according to a . The sale is being termed as a distress sale of sorts, given that Urban Ladder’s losses have been mounting over the last two years. The company competes with the likes of Pepperfry and Swedish furniture major IKEA. The company will invest an additional ₹75 crore in Urban Ladder to take its shareholding to 100%, and expects this transaction to be c...
Tags: Travel, Amazon, News, Ikea, Reliance, Reliance Retail, Urban Ladder, PepperFry, Reliance Industries Limited


Reliance Retail buys Urban Ladder for $24.4 million

Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart. In a filing to the local stock exchange, Reliance Retail said it had acquired a 96% stake in Urban Ladder for about $24.43 million. The Indian retail giant, which retains the option to acquire the remainder stake in the seven-and-a-half-years-old startup, said it has proposed to invest u...
Tags: Google, Amazon, Fundings & Exits, Facebook, Ecommerce, Asia, India, Tech, Walmart, Mit, Flipkart, Amazon India, Crunchbase, Reliance, Reliance Retail, Future Group


In escalation, Amazon accuses Future Group of insider trading: Report

Amazon is reportedly accusing the Future Group of insider trading in a letter to the Securities and Exchange Board of India (SEBI), saying that Reliance Retail was improperly informed of an emergency arbitrator’s order staying a deal between the retail conglomerate and Reliance. The development was first reported by Reuters. The tussle between Amazon and the Future Group over the retail conglomerate’s planned acquisition by Reliance Retail has blown up of late, with both sides making arguments f...
Tags: Travel, Amazon, News, India, Reliance, Reuters, Delhi High Court, SEBI, Securities and Exchange Board of India SEBI, Reliance Retail, Future Group, Gopal Subramanium, Harish Salve, Reliance Future Group, Harish Salve Amazon, SEBI Amazon


Future Group moves Delhi High Court against Amazon ‘interfering’ in acquisition by Reliance

The Future Group has gone to court against Amazon after the e-commerce giant challenged Reliance Retail’s acquisition of much of the Kishore Biyani-headed conglomerate. The development came to light in a stock exchange filing by the Future Group on Sunday. “The Company has filed necessary suit in the Hon’ble Delhi High Court on 7th November, 2020 in relation to seeking necessary reliefs against Amazon.com NV Investment Holdings LLC (“Amazon”) from interfering with the Transaction by misusing an ...
Tags: Travel, Amazon, News, Singapore, Reliance, Delhi High Court, Big Bazaar, Reliance Retail, Future Group, Kishore Biyani, Hon ' ble Delhi High Court, Amazon com NV Investment Holdings LLC, Future Group Amazon, Reliance Retail Future Retail


PUBG Mobile plots return to India with Microsoft deal

PUBG Mobile, the sleeper hit title that was banned in India two months ago over cybersecurity concerns, is plotting to make a return in the world’s second largest internet market, two sources familiar with the matter told TechCrunch. The South Korean firm has engaged with global cloud service providers in recent weeks to store Indian users’ data within the country to allay New Delhi’s concerns about user data residency and security, one of the sources said. Updated at 2.09PM IST on November 7: K...
Tags: Mobile, Gaming, Apps, Asia, Media, Microsoft, China, India, Softbank, Tech, Tencent, New Delhi, Airtel, Diwali, Reliance, Rishi Alwani


PUBG Mobile plots return to India following ban

PUBG Mobile, the sleeper hit title that was banned in India two months ago over cybersecurity concerns, is plotting to make a return in the world’s second largest internet market, two sources familiar with the matter told TechCrunch. The South Korean firm has engaged with global cloud service providers in recent weeks to store Indian users’ data within the country to allay New Delhi’s concerns about user data residency and security, one of the sources said. The gaming giant has privately informe...
Tags: Mobile, Apps, Asia, Media, China, India, Softbank, Tech, Tencent, New Delhi, Airtel, Diwali, Reliance, Rishi Alwani, PUBG, PUBG Corporation


Reliance raises ₹9,555 crores from the new PIF-Reliance Retail deal

https://www.moneycontrol.com/news/business/pif-to-buy-2-04-in-reliance-retail-for-rs-9555-crore-6071161.html Mukesh Ambani backed Reliance Retail has raised ₹9,555 crores from a deal with Saudi Arabia’s Public Investment Fund (PIF). The new PIF-Reliance Retail deal ensures that PIF, one of the world’s largest sovereign wealth funds, buys 2% in Reliance Retail. This deal is after its earlier investment of ₹11,367 crore in Jio Platforms and now has a 2.3% share in Jio. The post Reliance raises ₹9,...
Tags: Business, News, Saudi Arabia, Reliance, Reliance Retail, Mukesh Ambani, Jio Platforms, PIF Reliance Retail