RIL partners Microsoft to start up a software boom

In partnership with US firm, Reliance to offer cloud-based solutions to small and medium enterprises at a ‘rock-bottom’ price; to invest in blockchain, IoT networks. MUMBAI: Reliance is positioning itself as a software company, partnering with Microsoftto offer cloud-based solutions to small enterprises, investing in blockchain and internet of things networks, and creating virtual and … More RIL partners Microsoft to start up a software boom

Second worst week for markets, 14 stocks fell 20-50 % in five days

More than 400 stocks in the top 500 companies of india Inc. recorded negative returns for the week ended August 2. Out of 419 stocks, 59 stocks in the S&P BSE 500 index fell in double digits. Indian markets witnessed the second worst week of 2019 as benchmark indices fell by about 2 percent for … More Second worst week for markets, 14 stocks fell 20-50 % in five days

Bill Gates no longer the second richest person in the world

While Microsoft’s Co-founder Bill Gates slips down to the third rank on the richest person list, Amazon Founder and CEO Jeff Bezos ranks first with a net worth of $124 billion. Gates was overtaken by the Chairman and CEO of the world’s largest maker of luxury goods, LVMH Moet Hennessy Louis Vuitton, Bernard Arnault whose … More Bill Gates no longer the second richest person in the world

Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel

Bhushan Power & Steel defaulted on Rs 47,700 crore worth of loans in 2017 and was one of the 12 cases referred for resolution under Insolvency and Bankruptcy Code. Allahabad Bank has reported fraud of Rs 1774.82 crore by Bhushan Power & Steel to the Reserve Bank of India (RBI), the Kolkata-based state-owned lender said in … More Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel