Synopsis
Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today.
Reliance in advance talks to buy Justdial, formal announcement likely on July 16
Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target.
Ambani’s telecom to petrochemicals conglomerate, is in advance negotiations to buy Just Dial (JD) from its founding promoters in a $800-$900 million transaction, said multiple sources aware. The transaction, once successful, will help, Reliance Retail leverage the merchant database of the 25-year old information search and listings company as well as its pan India network, to further accelerate its own local commerce and payments play.
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US Core Consumer Prices Explode Higher At Fastest Pace Since 1981 (SPY -0.7%). Data shows inflation running hotter than expected as consumer prices leap 4.2%.
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European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
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3 Stocks That Could Win Big From Bidens $2 Trillion Infrastructure Plan After pouring trillions of dollars into the economy over the past 6 months, Biden s new plan could further light the fuse on the EV markets. That s because his proposed $2 trillion infrastructure bill is expected to cover much more than just roads and bridges. Under the current proposal, $174 billion would go directly to the EV sector, helping the United States finally cut into Chinas massive lead in this booming industry. Today, only about 2 percent of all new cars in the U.S. run
HC for swift probe, trial in black marketing of COVID-19 drugs amid nationwide crackdowns
The bench said while it appreciates the action taken by the police, the time consumed for investigation and completion of trials is not deterring some people from indulging in such activities.
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NAGPUR: The Bombay High Court on Thursday said in order to deter unscrupulous persons from indulging in black marketing of life-saving drugs like Remdesivir, police and courts should ensure that probe and trial in such cases are completed swiftly.
The Nagpur bench of the HC said the second wave of the COVID-19 pandemic is worsening day by day in the country and the situation appears to be the worst in Nagpur.
Second dose vaccine mixup leaves local couple wondering: ‘Are we OK?’ Gary Horcher
Like millions before them, Vivek Maheshwari and his wife Harshita Saxena were eager to get the second COVID vaccine shots done and stop worrying. So they showed up at Valley Medical Clinic, they signed up, lined up, and answered a few questions.
“They asked us ‘OK what are you here for, Moderna for second dose?’ and we confirmed yes,” said Maheshwari. “They asked us ‘can we show the vaccine card to us?’ Of course, why not? And we showed the vaccine card to them showing we already got Moderna.”
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