Connect with us

Business

Reliance Capital looks at stake hike by Nippon Life, exit media

Published

9 years ago

on

Mumbai: Reliance Capital, a part of the Anil Ambani’s group, is in advanced stages of discussions with Nippon Life, for an increase in their stake from 26 percent to 49 percent in Reliance Life, the shareholders were told on Wednesday.

The company also said it was on track to re-launch its commodities exchange platform and expected to grow this business in a significant manner to attain leadership rankings in three years. It also said it will exit from non-core areas like media, expecting to book attractive returns.

Speaking at the annual meeting with the stakeholders, chairman Anil Ambani said talks were also on with the Japanese major to enhance its collaboration with Reliance Capital and raise its stake in its asset management arm from 35 percent to 49 percent — at a higher valuation.

“These proceeds will flow to Reliance Capital, and will be utilised to further reduce our overall debt levels,” the chairman said, adding that both transactions were expected to conclude within the current financial year. Ambani also hoped to cut the company’s debt with these moves.

He said Reliance Capital will more than double its housing finance exosure to over Rs. 10,000 crore during this year and rank among the top three players in the private sector again by 2018.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending