P. R. Sanjai
Bloomberg
Mumbai, MH, India
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Past articles by P R:
How a Big Short Cost India’s Adani Empire $100 Billion
The billionaire’s companies have a hand in everything from coal to airports to data centers. → Read More
Unilever’s India Unit Splits Chairman and CEO Roles
(Bloomberg) -- Hindustan Unilever Ltd. announced plans to separate the roles of chairman and chief executive officer as Unilever Plc’s India unit seeks to boost governance standards. → Read More
Amazon, Disney, Reliance Gird for $5 Billion Cricket Prize Fight
Mukesh Ambani’s conglomerate is bringing together a consortium aiming to outbid entertainment giants Amazon.com Inc., Walt Disney Co. and Sony Group Corp. for the telecast rights to the Indian Premier League -- a prize that could be worth $5 billion or more in the cricket-crazy nation of almost 1.4 billion people. → Read More
Dr Lal PathLabs Looking to Buy Diagnostic Firms in South India
(Bloomberg) -- Dr. Lal PathLabs Ltd. is scouting for domestic targets to expand its chain of clinical laboratories as ebbing Covid-19 cases boost its diagnostic revenue from other ailments. → Read More
Billionaire Piramal Expects Pharma Unit Demerger by End of 2022
(Bloomberg) -- The proposed demerger of Piramal Enterprises Ltd.’s health care business is expected to be complete by December as billionaire Ajay Piramal seeks to simplify his conglomerate’s corporate structure and unlock value for shareholders. “The demerger process is going on. → Read More
Winners and Losers in India’s Budget Aiming to Bolster Growth
Prime Minister Narendra Modi’s government laid out India’s budget for the financial year starting April 1, months after a devastating second Covid-19 wave that crippled small businesses and deepened the country’s already vast inequalities. → Read More
India to Own 35.8% in Vodafone Idea After Converting Dues
(Bloomberg) -- Vodafone Idea Ltd. said the Indian government will own almost 36% in the country’s third-largest wireless phone operator after its board approved conversion of dues into equity. → Read More
Asia’s Richest Man Looks to Walton Family Playbook on Succession
Mukesh Ambani’s grand plan is aimed at averting pitfalls of the past → Read More
Asia’s Richest Man Boosts Green Energy Push With Two More Deals
(Bloomberg) -- Reliance Industries Ltd. will buy a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolyzers in India, as Mukesh Ambani’s oil-to retail conglomerate pivots to green energy. Reliance New Energy Solar Ltd. → Read More
India’s NSE to Introduce Trading in Select U.S. Stocks Via Unit
(Bloomberg) -- India’s National Stock Exchange of India Ltd. said it will start trading in select U.S. stocks through its wholly-owned subsidiary, NSE IFSC. “The offering will be in the form of unsponsored depository receipts,” the National Stock Exchange said in a statement Monday. → Read More
Billionaire Adani Plans to Turn His Business Carbon Negative
Indian billionaire Gautam Adani wants to make his ports-to-power business conglomerate carbon negative, aiding India’s goal to expand its renewable power capacity almost fivefold by 2030 to meet its climate commitments. → Read More
How Mumbai’s City Officials Made It More Covid-Ready Than Delhi
At midnight on April 17, as a deadly new wave of the coronavirus overwhelmed India, Mumbai’s Municipal Commissioner Iqbal Singh Chahal learned that six hospitals in his city would run out of oxygen within hours -- putting the lives of 168 patients at risk. → Read More
India’s Covid Catastrophe Shows World the Danger of Complacency
Governments around the world keep repeating the same mistakes. In a country of 1.4 billion, the consequences are on a whole new scale. → Read More
Tata Power Mulling $473 Million Renewable Energy Unit IPO
Tata Power Co., controlled by India’s largest conglomerate Tata Group, is weighing an initial public offering for its renewable energy business that could raise about 35 billion rupees ($473 million), according to people familiar with the matter. → Read More
Vaccine Shortage in India Risks Prolonging World’s Health Crisis
India is running out of vaccines just as a new wave of Covid-19 infections batters the country, complicating Prime Minister Narendra Modi’s plan to inoculate the nation’s workforce while threatening to drag out the world’s worst health-care crisis. → Read More
Car With Gelatin Sticks Found Near Ambani’s House, Police Says
(Bloomberg) -- A car with gelatin sticks was found near the residence of Asia’s second richest man, Mukesh Ambani, in Mumbai on Thursday evening, the city’s police said in a tweet. → Read More
Billionaire Adani Set to Develop Sri Lanka’s Port Terminal
India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas. Adani Ports and Special Economic Zone Ltd. → Read More
ADIA, PIF Invest $1 Billion in Reliance’s Fiber-Optic Assets
(Bloomberg) -- Reliance Industries Ltd. is raising $1 billion in investment from two sovereign wealth funds as investors double down on the consumer businesses of Asia’s richest man, who’s diversifying his conglomerate away from oil refining. → Read More
Billionaire Mukesh Ambani Says Must ‘Redefine’ Indian Manufacturing
(Bloomberg) -- Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd., said India must redefine its manufacturing sector to boost growth. “There is a need to rethink and redefine manufacturing in India. → Read More
Women Rewrite Rules of Bollywood Thanks to Netflix, Amazon
A supernatural film celebrating a female vigilante who’s mistaken for a witch. A biopic about one of India’s first woman combat pilots. And a Mumbai take on “Sex in the City” featuring four working women. → Read More