Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Investment] Global investment giant KKR has bought a 1.28% equity stake in Reliance Retail for ₹5,550 crores (~ $750 million).
[Regulation] The U.S. Department of Justice seeks to curb long withstanding immunities granted to internet companies such as Facebook Inc. and Google.
[Gold] Gold prices fell below $1,900 an ounce as consumer confidence in the stock market, and U.S. Dollar rose.
[Investment] Hedge fund companies Blackrock, Sands Capital and Alkeon have joined Indian EdTech company, Byju’s $500 million funding round for undisclosed amounts. Silver Lake’s investment from the same round values Byju at about $11.1 billion.
Over60: Bloomberg Quint