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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The NBFC’s clarity on business strategy and RIL’s seeming lack of one with its latest acquisition make for an interesting contrast.
Editor's note: Advait here. One of you, dear readers, asked us about Five Star Business Finance’s upcoming IPO. I’m glad you did. Though I have been covering non-banking finance companies for a while, Five Star hasn’t really been anything more than a blip on my radar. But it’s draft prospectus makes for a fascinating read. Similarly intriguing has been Mukesh Ambani taking the keys of the famed Mandarin Oriental Hotel in New York. A billionaire’s splash, or something more strategic? Read on. A focused and secure approach It is rare to see a lender sticking to one or two products, and going after a specific target segment. Over the past two decades, Five Star Business Finance has managed to do just that by embedding itself in the small and medium enterprise lending market, particularly in South India. Intriguingly, the company has been undistracted in its lending strategy at a time when fintechs and shadow banks are all building multi-product digital-first companies. These are two of the reasons why there is an interest in the 38-year-old company after the Securities and Exchange Board …
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
