Jio scores deal with Mubadala, Will Wadia's sell Britannia stake? | Top Headlines
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Here are the top headlines from the business side: 1. Metals are shining on day 1 of choppy trade and the Nifty Index is holding out the 10,000 mark amid tepid global cues. 2. Abu Dhabi's Mubadala is set to invest $1.2 billion in Reliance Jio platforms for a 1.85% stake at an enterprise value of $68 billion. This the 6th cheque coming in for Reliance Jio. ₹86,600 crores in total. 3. HDFC is mulling towards $1 billion fundraisings. The Economic Times reported that the lender is mulling towards a partial stake sale to ramp up its war chest. 4. Britannia loses its winning streak, after modest losses in trade. This after ET reports came out which stated that Wadia's may be looking to sale 5% stake via block deal to raise as much as ₹4,000 cr. 5. Among the big earnings, it's L&T and SBI which will be posting its earnings today. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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