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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.
With the passing of P.R.S. Oberoi, it’s not succession but the possibility of Reliance increasing its already sizeable stake in EIH that’s a worry.
It’s been just about two months since the death of P.R.S. Oberoi. His family and Oberoi Hotels and Resorts, the luxury hospitality chain he built to global repute, are still picking up the threads.
The family—which includes his nephew Arjun Singh Oberoi and son Vikramjit Singh Oberoi—is working on the shareholding changes necessitated by the passing away of the patriarch, says a senior executive from the industry. “Mr Oberoi’s sister, his daughters, they hold stakes. Who gets what, and who supports whom is important as it will decide the voting rights. This needs to be seen. The process has just …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
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.
