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Reliance qualifies to be a major shareholder in skyTran Inc

Shreya Chaware / Article rating: 5.0

Reliance Strategic Business Ventures Limited, which is a wholly-owned subsidiary of Reliance Industries Limited informed that it has acquired additional equity stake in its investee company, skyTran Inc. The acquisition took place for a consideration of USD 26.76 million; thus, increasing Reliance’s stake to 54.46 per cent on a fully-diluted basis in skyTran Inc.

FIIs enter panic mode; Nifty support seen in 14,200-14,400 zones

Karan DSIJ / Article rating: 4.0

Friday was the last trading session of the week and it was also the final trading session of the week. So, we got the weekly as well as the monthly closing. Bears completely dominated Friday’s session as Nifty witnessed a massive fall of 3.76 per cent, which was the sharpest fall since early May 2020 in percentage terms.

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