Softbank investing in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $ 2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining and […]

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ReNew Power, NTPC eye PTC India’s wind power business

Mumbai: ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the ongoing sale process of PTC India Ltd’s wind power business, said two people aware of the development, requesting anonymity. “ReNew Power and NTPC have been involved in talks with the company for the last few weeks and […]

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Artificial Intelligence To Drive Business Of OTT Players

Over-the-top aka OTT players have seen a glut in the last few years with 2018 being the inflection point where subscribers reached a meaningful mass thanks to higher speed connectivity and falling data prices in India. In fact, a recent study showed that India is the cheapest country for mobile data in the world and […]

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Tata’s investment in GMR signals business of airports is taking off

With air passenger growth rising year after year in India, the airports business should have attracted investors by the hordes. But on the contrary, investors have been fleeing. Shares of GMR Infrastructure Ltd and GVK Power and Infrastructure Ltd, who hold large stakes in Indian airports, have fallen 57% and 65%, respectively, in the past 10 years, compared […]

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Mediation trumps business as Saudi Crown Prince heads to New Delhi

Saudi Crown Prince Mohammed bin Salman’s two-day trip to India was meant to be about business but a terror attack changed the plan. A suicide bombing on Thursday left 41 Indian soldiers dead in Kashmir, leading the Saudi delegation to calm the situation between India and Pakistan, two of its close allies. Prince Mohammed will arrive in New […]

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Myntra restructures business to comply with regulations

Flipkart’s subsidiary Myntra which drives a large part of its business through exclusive brand tie-ups and private labels has clarified that it does not own any equity stake in sellers on its platform thereby complying with the new FDI norms. The move signals a significant restructuring at Myntra since the company continues to sell brands through third-party merchants instead […]

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