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Indian shares retreated Friday in anticipation that the US Federal Reserve will tighten policy even further to tame sticky inflation.
Reliance Retail Friday said its board approved a proposal to cancel the equity shares held by public shareholders. The company will pay ₹1,362 per share for the cancelled unlisted stock, valuing Asia’s richest man Mukesh Ambani’s retail business at $149 billion (₹12.31 lakh crore).
The telecom regulator has kicked off its much-anticipated consultation process on the question of regulating over-the-top (OTT) apps such as WhatsApp, Telegram and Signal. The issue pits the app makers and the startup community against telcos.
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Deidre Richardson is a tech enthusiast who loves to cover the latest news on smartphones, tablets, and mobile gadgets. A graduate of the University of North Carolina at Chapel Hill (B.A, History/Music), you can always find her rocking her Samsung Galaxy Note 3 and LG Nexus 5 on a regular basis.
