Day: July 14, 2024

After seven months of extravagant pre-wedding celebrations, Anant Ambani, the son of India’s richest man Mukesh Ambani, completed his long-awaited marriage to pharmaceutical heiress Radhika Merchant on Friday. The ceremony, attended by thousands of guests, marked the culmination of a series of lavish events leading up to the grand wedding day. Nita and Mukesh Ambani gave a grand welcome to PM Modi. In another video, PM Modi is seen seated between Isha and Akash Ambani. Prime Minister Narendra Modi made a notable entrance at Anant Ambani and Radhika Merchant’s wedding function held on Saturday at…

Japan’s SoftBank fully exited its investment in Paytm-parent One97 Communications during the June quarter, incurring a loss of around $150 million (approximately ₹1,250 crore), according to a PTI report. A source mentioned that SoftBank’s exit resulted in a loss of 10-12%.   Softbank held around 18.5 per cent stake in Paytm before the fintech’s IPO in 2021. It held a 17.3 per cent stake through SVF India Holdings (Cayman) Ltd and 1.2 per cent through SVF Panther.   The exit of a major investor like SoftBank could impact market sentiment and stock performance…