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Ratan Tata Founded RNT Capital Advisors to Invest c.$150m in Ant Financial Services et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jun 8, 2018 12:09 PM 1 min read
Editorial

End of Day Wrap-up (Friday / June 08, 2018) #Premji  #Wipro #Google #AI #TataMotors #Reliance #Jio #RBI #RatanTata #AntFinancials #Alibaba #RNTCapital #Transfin

Editor's comment: Tariq Premji, the youngest son of Azim Premji joins the Board of Wipro. Tariq is the 3rd family member to join the board after his father and brother Rishad Premji.

 

Google committed that it will not use AI for weapons, instead focusing on ancillary areas such as cyber-security, training, or search & rescue.

 

Tata Motors proposes raising $250m-$500m through external commercial borrowings. Proceeds to be used for refinancing. 

 

Reliance Jio plans to focus on rural markets where it sees huge potential with respect to increasing internet use. 4G enabled featured phones to play a key role.

 

RBI increases eligibility limit for a loan to be classified as priority sector lending to boost affordable housing. Loan limits increased from INR28L to INR35L in metropolitan areas, and from INR20L to INR25L in other areas. 

 

Ratan Tata founded RNT Capital Advisors to invest c.$150m in Ant Financial Services, the payments affiliate of Alibaba and the world's most valued private technology company. Other investors include Temasek Holdings, US private equity giants Warburg Pincus and Carlyle, and Canadian pension firm CPPIB. Fintech giant valued at $150bn.