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RIL shareholders approved deal of retail unit’s $4.3B lease to JFS

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RIL shareholders approved deal

Reliance Industries Ltd shareholders have approved the $4.3 billion deal between its subsidiaries, Jio Financial Services and Reliance Retail. The deal involves Jio Financial acquiring equipment worth ₹360 billion (approximately $4.3 billion) from Reliance Retail. This move is aimed at facilitating JFS’s entry into the device leasing business. Reliance Industries shareholders have approved the $4.3 Read more: RIL shareholders approved deal of retail unit’s $4.3B lease to JFS..

India is now World 3rd Domestic Airline Market: OAG report

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India is World 3rd Domestic Airline Market

India is now 3rd Domestic Airline Market according to reports based on Official Airline Guide (OAG) data from April 2024. Now India has become the third-largest domestic airline market in the world. This is a significant jump from its fifth position a decade ago. OAG (formerly Official Airline Guide) is a leading global travel data Read more: India is now World 3rd Domestic Airline Market: OAG report..

Bank of England holds bank rate steady at 5.25%

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Bank of England holds bank rate steady

The Bank of England (BoE) has recently decided to maintain its bank rate at 5.25%, as was widely expected. This decision was announced on Thursday, June 20, 2024. Furthermore, seven policymakers voted to hold rates steady, while two members Dave Ramsden and Swati Dhingra voted for a 0.25 percentage point cut. This decision comes amidst Read more: Bank of England holds bank rate steady at 5.25%..