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Reliance Jio acquires 100% stake in Reliance Infratel for about Rs 3,720 crore.

Reliance Jio’s arm, Reliance Projects and Property Management Services (RPPMSL), has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,720 crore, Reliance Industries Limited said on December 22. The Mukesh Ambani-led telecom subsidiary had placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets…

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New Covid outbreak in China: India Inc says no need to panic yet

With the global economy — already struggling with the war in Ukraine and stagflation risks — worried about the impact of another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions. Subhrakant Panda, the newly-appointed president of the industry association FICCI, said…

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