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Under60 Daily | 23 September 2020

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).

Over60: Livemint

[Regulation] The U.S. Department of Justice seeks to curb long withstanding immunities granted to internet companies such as Facebook Inc. and Google.

Over60: WSJ

[Gold] Gold prices fell below $1,900 an ounce as consumer confidence in the stock market, and U.S. Dollar rose.

Over60: MarketWatch

[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



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