With a growing number of smartphones and a surge in the use of broadband, India has become a battleground for streaming services.
State-owned China Development Bank, with loans worth 98.6 billion rupees ($1.4 billion) was the biggest creditor to the indebted telecom company.
The plan to sell the insurance unit is part of efforts by the former billionaire to cut his conglomerate’s liabilities after a debt-fueled expansion
Tata Global Beverages will buy all food brands and give shares in return to Tata Chemicals, said sources.
The country will lead the global growth in ultrahigh net worth individuals, with its numbers rising 39 percent to 2,697 by 2023.
Reliance Capital, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress.
Ambani is sharpening his focus on e-commerce with a $2.5-billion spending spree involving more than two dozen deals to face the world’s largest onli
A successful deal would help the winning bidder add a slew of video services in the scramble for user revenue.
The upcoming elections have increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants.
The elder Ambani could have even more leverage in bidding for the assets of a company whose demise he helped hasten by storming into the mobile phone
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