Sunday, January 17News That Matters

Tag: RIL’s

Despite RIL’s fundraising, VC investments in India descend 21% to $28.9 bn in Jan-Sept: Portray

Business
SynopsisThe lockdowns severely dented financial exercise, main to a 23.9 per cent contraction within the irascible domestic product (GDP) for the April-June duration and expectations of a 9.5 per cent contraction by the Reserve Financial institution of India (RBI) for 2020-21.CompaniesWhile the final deal segments reported a decline, buyouts had been the worst hit, being 79 per cent down at USD 2.9 billion in some unspecified time in the future of the 9-month duration which is lowest in three years.Despite the USD 11.7 billion raised by Reliance Industries Ltd (RIL) thru stake sales, endeavor investments in 2020 absorb declined by a fifth to USD 28.9 billion until September, consultancy agency EY said in a file on Thursday. Since mid-March, coronavirus infections started getting reported ...