D-St Indices Retreat After Hitting Fresh All-time Highs Indian shares retreated Friday in anticipation that the US Federal Reserve will tighten policy even further to tame sticky inflation. Reliance Retail set to Cancel All Public Shares Reliance Retail Friday said its board approved a proposal to cancel the equity shares held by public shareholders. The company will pay ₹1,362 per share for the cancelled unlisted stock, valuing Asia’s richest man Mukesh Ambani’s retail business at $149 billion (₹12.31 lakh crore).

Source: Economic Times July 08, 2023 17:50 UTC