Latest Business News on Indian Stock Market

Reliance Industries (RELI.NS) will spend about $680 million to buy a majority stake in Network18 Media and Investments (NEFI.NS), it said on Thursday, as a potential content provider for its planned 4G internet services.

Cash-rich Reliance, controlled by India's richest man, Mukesh Ambani, has been diversifying into businesses including retail, financial services and telecommunications to counter slowing growth in its core oil and gas business.

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