BENGALURU: Indian oil-to-telecoms conglomerate Reliance Industries is offering to sell a roughly US$20 billion stake in its retail arm to Amazon, BloombergQuint reported on Thursday (Sep 10), citing Bloomberg News. The Bloomberg report, citing one unnamed person with knowledge of the matter, added that billionaire Mukesh Ambani-led Reliance is willing to sell an up to 40 per cent stake in the retail business to Amazon, according to BloombergQuint. Shares in Reliance were up 4 per cent in midday trading in Mumbai. The company earlier on Thursday became the first listed Indian firm to cross US$200 billion in market capitalisation. Amazon has held talks about investing in Reliance Retail and expressed interest in negotiating potential deals, according to the report. The news follows a US$1 billion investment announced on Wednesday by Silver Lake Partners in Reliance Retail, which runs more than 10,000 stores selling apparel, groceries and electronics across India. Amazon did … [Read more...] about Reliance offers Amazon US$20 billion stake in retail arm: Report
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First look: Samsung’s new Note 20 phones launched at Galaxy Unpacked 2020
If you’re a smartphone power user, chances are you’re keeping an eye out for Samsung’s latest offerings in August, when the South Korean tech giant rolls out the latest iteration of its flagship premium (non-folding) line. Other stuff, too, but the star of the show right around this time is the Galaxy Note. No thanks to the pandemic, Samsung’s Galaxy Unpacked event on Wednesday (Aug 5) was livestreamed for the first time from Korea, where the Galaxy Note 20 and Note 20 Ultra were unveiled. READ: This is where your future is developed: A peek inside Samsung’s South Korea HQ Also announced were new tablets, the latest smartwatch, wireless earbuds and a teaser for their next foldable phone. FROM NOTE 10 TO NOTE 20 But first up, the Note 20 and Note 20 Ultra. Essentially, beefed up sequels to last year’s Note 10 and Note 10+, both supporting 5G networks. Pre-orders begin Thursday (Aug 6) and both will be available in Singapore from Aug 21, with the Note 20 priced … [Read more...] about First look: Samsung’s new Note 20 phones launched at Galaxy Unpacked 2020
Tenet brings in US$20.2m as Americans step back into theatres after months
In a litmus test for American moviegoing in the pandemic, Christopher Nolan's Tenet brought in an estimated US$20.2 million (S$27.6 million) through the holiday weekend in US and Canadian theatres. The result could be greeted as either the rejuvenation of US cinemas – more Americans went to the movies this weekend than they have in nearly six months – or a reflection of drastically lowered standards for Hollywood's top blockbusters given the circumstances. About 70 per cent of US movie theaters are currently open; those in the country's top markets, Los Angeles and New York, remain closed. Theatres that are operating are limiting audiences to a maximum of 50 per cent capacity to distance moviegoers from one another. Tenet played in 2,810 North American locations, about three-fourths of what most major releases typically launch in. Warner Bros declined to split up US and Canadian box office receipts. Theatres in Canada, where COVID-19 cases are much lower than in the US, began … [Read more...] about Tenet brings in US$20.2m as Americans step back into theatres after months
Maruti Suzuki’s passenger vehicle export crosses 20 lakh milestone
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) on Saturday (February 27) said it has achieved the milestone of 20 lakh cumulative exports. The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat. "The company has been exporting vehicles for the past 34 years much before India became a prominent player in the global automobile business. This early global exposure helped the company enhance its quality and attain global benchmarks," MSI MD and CEO Kenichi Ayukawa said in a statement. The automaker currently exports 14 models comprising nearly 150 variants, to over 100 countries, he noted. "Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology," Ayukawa said. Going forward, the company has aligned itself with the evolving needs of customers in African … [Read more...] about Maruti Suzuki’s passenger vehicle export crosses 20 lakh milestone
COVID-19 vaccine: 20 million people have received first coronavirus jab in UK
More than 20 million people have had their first dose of a coronavirus vaccine in the UK. Prime Minister Boris Johnson hailed the "huge national achievement" and praised the NHS staff, volunteers and armed forces for their work in the vaccine roll-out. He tweeted: "20 million people across the UK have now got the jab - a huge national achievement and a testament to the tireless work of NHS staff, volunteers, the Armed Forces & many more. "I urge everyone to get the jab when called. Every jab makes a difference in our battle against COVID." Sunday's figures show 20,089,551 people have had their first dose while 796,132 people have had both. Advertisement Health Secretary Matt Hancock offered his "huge thanks" to the team and called it a "magnificent achievement for the country". In a video posted on Twitter he added: "I'm absolutely delighted that over 20 million people have now been vaccinated across the UK - it's absolutely fantastic. … [Read more...] about COVID-19 vaccine: 20 million people have received first coronavirus jab in UK