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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.
Over 6.5 million investors may well have lost all they bet on Anil Ambani’s group companies.
It may well be seen as a last-ditch attempt to save his business. In June, soon after the government began easing the nationwide restrictions imposed in late March to control the spread of the pandemic, Anil Ambani began turning up for work at his office near Mumbai airport. Clocking in at 10 am every day, he stays on till 7 pm. Six days a week. Often, he is the lone senior executive in office, as even his CEOs stay away.
But if you were to ask what is keeping the younger brother of India’s richest man, Mukesh Ambani, so busy, …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
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?
