Ambani just bagged his third cheque for Jio

PE firm Vista Equity to invest Rs 11,367 crore in Jio Platforms after Facebook and Silver Lake.

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THE ECONOMIC TIMES NEWS DIGEST Fri, May 08, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

Industry Ambani just bagged his third cheque for Jio PE firm Vista Equity to invest Rs 11,367 crore in Jio Platforms after Facebook and Silver Lake.... ICMR to check for community spread Community transmission is said to happen when a person who has not been in contact with an infected person or travell... IndiGo reinstates pay cut for senior employees from May ' "While we had paid employee salaries in full for the months of March and April, I am afraid that we are left with no ...

Today's Highlights Inside a $39 billion deal struck during lockdown As the codename for the transaction, Telefonica had chosen "Hawaii," while Liberty Global picked "Pink," a play on bl... Oil minister Dharmendra Pradhan hints at new gas policy "We have to have a reasonable price. India is a major consumer. But at this juncture, India's viewpoint is the price ... Indian pharma exports at $20.6 bn miss FY20 target ​​Though the exports started doing well in 2019-20 and it has been a good year for the first three quarters with cumu...

epaper What's wrong with Mumbai? Central team to find out The decision was taken by the empowered group that coordinates the availability of hospitals, isolation and quarantin... JioMart wants you to buy small and buy often Currently, owing to lockdown, JioMart is serving limited inventory. But everything is about to change.... With little to cheer, companies cut festive spend Production cuts will be most in premium product portfolio as companies expect consumers to curb discretionary spendin...

News CEA decodes the math behind a stimulus package Chief economic adviser Krishnamurthy Subramanian is optimistic that the Indian economy will stage a better recovery o... A tax breather soon for expats stuck in the eye of Covid storm Their period of overstay in India due to lockdown could be exempted, as prescribed by OECD. ... China, US commit to trade deal amid virus row Chinese and US trade representatives agreed Friday to "create favourable conditions" for the phase one trade deal sig...

Mutual Funds Sebi defends its circular, asks Franklin to focus on returning investor money Instead of carping, Franklin Templeton should focus on returning the money of investors, Sebi said.... The Russian dolls of Franklin Templeton A study of the portfolios of five out of the six debt schemes which were wound up by Franklin shows all these product... Credit risk funds underperform liquid funds. Why you should stay away from the category? Credit risk funds have always been vulnerable to its investments of up to 65% (and more) in the lower-rated instrumen...

RISE Startups like Oyo, Zomato offer more Esops to staff to ease pay cut pain In April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees' additional s... Swiggy co-founder Rahul Jaimini quits While Jaimini will no longer be involved in day-to-day responsibilities at Swiggy, he will continue to be a board mem... Uber, posting first-ever decline in rides, says worst is over During the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operat...

Wealth How to draw money from NPS a/c for COVID treatment The PFRDA, in a circular dated April 9, 2020, has declared coronavirus infection as a critical illness that is life-t...

Panache A picture-perfect idea from Iran During lockdown, cine lovers get a break by taking the brake off drive-in movies... Facebook, YouTube remove 'Plandemic' video, Twitter blocks hashtags #PlagueOfCorruption and #Plandemicmovie The 26-minute video went viral this week across social media platforms. ...

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