On Friday, the last trading day of the week, the stock market started with a huge decline. The Bombay Stock Exchange Sensex opened 665 points down at 38,325.00 at the start of trading. National Stock Exchange opened on Nifty. Read the major news of the business world here.
Silver Lake Partners may invest $ 1 billion in Reliance Retail
Private equity firm Silver Lake Partners is preparing to invest $ 1 billion (about Rs 7500 crore) in Reliance Retail. According to the Financial Times, Reliance is preparing to sell a further 10 percent stake in its retail company. Even before this, US private equity giant Silver Lake Partners bought a one-percent stake in Reliance's Jio platform for Rs 5,655.75 crore.