The Kolkata-based conglomerate is joining tycoons including Anil Ambani & Subhash Chandra in selling assets to pare debt as a cash crunch in markets increase funding costs. TPG Capital is also weighing a bid and could look for a local partner.
"As we have political stability, I believe that we will see the start of a new bull run."
The bank has added a new back office which is more than double the size of its existing facility at the Special Economic Zone in Pune.
Though there are tailwinds, many marquee names of India Inc are in no shape to start big investments.
The deal is in the final stages and may be discussed by the Max Bupa board, which is scheduled to meet soon.
Plea says a group of 19 companies allegedly linked to Singh brothers used to siphon off funds.
Sources say Flipkart cofounder reached out to RBI officials to figure out the regulatory requirements for securing a licence to start a bank.
Hopscotch caught the attention of investors in this market with its frugal spending and cost-conscious approach.
Mallya left India for London in March 2016 soon after lenders to his defunct Kingfisher Airlines declared him a wilful defaulter.
Voda-Idea is not an entity to be scoffed at. But will it withstand Jio is a different question, Birla says.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon