/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Surprised by the stiff resistance to its attempts to wrest control of the trust that owns the prime plot of land in upscale Breach Candy, the conglomerate seems reconciled to licking its wounds.
The Reliance group headed by Mukesh Ambani has been eyeing a prime plot of land in south-central Mumbai’s Breach Candy area over the last four years. In fact, so keen was it on acquiring it that, at one point, it allegedly made a “backdoor attempt” to wrest control of the family trust that owns the land.
It is quite another matter that India’s biggest privately-owned corporate entity did not make much headway as the Seth Damodar Madhavji Charity Trust (henceforth, DMT), controlled by the Vussonji family, has opposed the group’s attempts tooth and nail.
Clearly, the stakes are high here. …
Falling sales, a price correction and more cautious buyers mark a sharp shift in Dubai’s property market as regional conflict drags on.
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.
