CURRENT AFFAIRS

Detailed explanation-1: -Reliance acquires 73.37% in New York’s Mandarin Oriental hotel | Business News,The Indian Express.

Detailed explanation-2: -MUMBAI : Reliance Industries Ltd will pick up a controlling stake in New York’s premium luxury five-star hotel, Mandarin Oriental, for $98.15 million, the company said on Sunday. Reliance Industrial Investments and Holdings Ltd will acquire the 73.37% stake held indirectly by Cayman Island-based Columbus Centre Corp.

Detailed explanation-3: -NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Saturday announced acquisition of New York’s premium luxury hotel Mandarin Oriental for $98.15 million.

Detailed explanation-4: -Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, on Thursday signed definitive agreements to acquire 100 percent equity stake in Metro Cash and Carry India Pvt Ltd, which operates under the ‘Metro India’ brand, for a cash consideration of Rs 2,850 crore.

Detailed explanation-5: -The Cheapest Room In Mukesh Ambani’s NY Hotel Starts At Rs 80K A Night And We Can See Why. You know when Mukesh Ambani gets associated with something, it has to be spectacular. Well, earlier this year the business tycoon became a proper hotelier and bought a stake at the Mandarin Oriental, New York.