Daily Archives: February 7, 2019

Amazon brings back offers, fast deliveries

Amazon has restructured its stake in holding companies of both Cloudtail and Appario Retail to be compliant with updated norms. Infosys co-founder N R Narayana Murthy’s investment firm Catamaran has increased its stake in Prione Business Service, the holding company for Cloudtail, to 76% from 51%. Similarly, the Ashok Patni family office will also hike stake in Appario parent Frontizo Business Service to 76%.

Reliance Industries may sell Jio infra assets to reduce debt

Jio, the telecom arm of India’s most valued company Reliance Industries (RIL), recently said it was spinning off tower and fibre into two separate entities, as part of an anticipated de-leveraging exercise. RIL is keen on retiring and refinancing a chunk of its Rs 3 lakh crore, or $40 billion, debt mostly soaked up to finance Jio’s disruptive roll-out.

Farmers security-free loan limit raised 60%

The enhancement, which depend on the land holdings of the farmer, will enable 75% of the eligible farmers raise money without any security. Collateral-free loans help small and marginal farmers who do not have any assets that can be offered as security.

Alia Bhatt reacts to Kangana’s accusations

Indian team likely to travel to Pakistan for Davis Cup

The government has no intention of throwing a spanner in the All India Tennis Association’s (AITA) plans to make its Davis Cup team members travel to Pakistan in their bid to re-enter the World Group qualifiers.

Big sports events today

Here are the big sports events lined up for Friday (February 8) that comprise action from the second T20I between India and New Zealand.

Bharat: Ali Abbas Zafar shares more BTS pics

Historical exhibition visit @ Nageen group

Test cricket is dying, says Shashank Manohar

ICC chairman Shashank Manohar has said that Test cricket is dying and the World Test championship, which is set to begin after the World Cup, will be able to revive the longest format of the game.

Jet grounds four planes due to non-payment