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Vodafone Idea said in September it plans to raise as much as ₹25000 crore ($3.4 billion) selling shares and debt to shore up its finances → Read More
Ambani and Jeff Bezos, two of the world’s wealthiest men, want the stores and warehouses of Future Retail Ltd → Read More
Tata Group, which owns Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets at a time when the race for Indian online shoppers is heating up → Read More
Retail is the next frontier for Mukesh Ambani, who just finished selling almost 33% of his digital venture over the past three months to a slew of investors .Most of Mukesh Ambani’s focus during the 93-minute presentation to shareholders was on technology. → Read More
There will be no change in license fee for services provided to commercial users, including large corporations and business establishments: Report → Read More
The move could bolster the e-commerce ambitions of Reliance Industries and its billionaire chairman Mukesh Ambani.A successful deal may draw the battle lines between Amazon and Reliance Industries → Read More
Radhakishan Damani, the owner of Avenue Supermarts, and his family have been piling on shares of India Cements for some months, and their holdings quadrupled this year to about 20% as of March 31 → Read More
Reliance Industries will face more competition in the segment after a proposed cut in import duties for purified terephthalic acid.The government has also proposed a change to dividend distribution tax, a step that could slow efforts of companies, including Reliance Industries → Read More
Tensions between nationalism and globalization will probably be the most defining trend of the new decade, Kumar Mangalam Birla said.Birla cited examples of his conglomerate’s units, Novelis Inc. and Birla Carbon, as navigating the shifting trade environment with a regional focus → Read More
Blackstone is expanding into logistics in India to tap the growing demand for warehouses.Introduction of GST has prompted demand for large storage spaces from retailers to ensure fast, last mile delivery of goods → Read More
The Bombay High Court on Thursday will resume hearings on Kotak Mahindra Bank's case against RBI.On Friday, SC will hear an appeal by the $111-billion Tata Group that’s seeking to quash a panel’s order to rehire the chairman it fired → Read More
Coffee Day is under pressure to pare borrowings.A successful bid for Coffee Day will help ITC further diversify its business → Read More
Airtel is struggling to add subscribers in a saturated market after Jio managed to lure more than 300 million users over the past three years.Airtel is counting on some asset sales, a rights issue and an initial public offering in London of its Africa unit to bolster its finances → Read More
Bankers have confirmed that there’s no money coming in for now.Jet Airways executives are meeting in Mumbai Tuesday to take a call on complete halt of operations → Read More
The deal will be pivotal for creditors seeking to recover over $1 billion in debt from Jet Airways, which has posted losses in nine of the past 11 years.Creditors led by SBI had not received any bids for as much as 75% of Jet Airways as of Tuesday → Read More
Jet Airways is in talks to defer or reduce payments to vendors including aircraft lessors and those providing engineering, spare parts, credit card and airport services → Read More
News of Jaguar Land Rover (JLR) shuttering a UK plant for two weeks because of sinking demand in China plunges Tata Motors share prices by 13%, the biggest drop in nine years → Read More
Suitors keen to hold stake in a single listed entity encompassing group’s combined biz → Read More
The Potential deal with Blackstone Group could value Jet Privilege between Rs 3,000 crore and Rs 4,000 crore → Read More
Banks prefer that Jet Airways raises money from a share sale before they would commit to any fresh credit → Read More