Corporates

RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco.

In her Budget speech, Finance Minister had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25% from 30% earlier.

Ravinder Takkar has been appointed for three years effective August 19.

Melinda Roylett begins in her role on Monday, replacing Tom Elvidge, who moved to co-working space firm WeWork earlier this year.

Their high-profile investments mark a change from the previous generation, who are now in their late 60s and 70s.

Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15.

The company has requested the lenders and creditors to give it time to honour the commitments and unlock the potential value of its assets.

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific's main shareholder.

Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.

IICT Hyderabad: The deal is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma's specialty focus areas, the Mumbai-based pharmaceuticals company said on Wednesday.

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.

The company said that the measure has helped reduce its wage bill by nearly 47 per cent.

Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale.

The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.