Amazon India head Amit Agarwal said the Flipkart-Walmart deal is good for India as it will allow free flow of capital and benefit the consumer, in his first interview after the biggest deal in e-commerce was sealed earlier this month. Walmart announced that it will pick up a 77% stake ...
NEW DELHI: India's Reliance Industries Ltd, owner of the world's biggest refining complex, is planning to halt oil imports from Iran, two sources familiar with the matter said, in a first sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran. Reliance's call to quit buying ...
MUMBAI: With an aim to leverage its tower infrastructure, state-run Power Grid Corporation of India (PGCIL) is planning to offer at least 10-20 per cent of its 1.5 lakh tower assets to telecom operators.The company has already approached the Central Electricity Regulatory Commission (CERC) for approval on the same, PGCIL ...
NEW DELHI: The lenders of Binani Cement have issued letter of intent to UltraTech after approving its bid to acquire the company under the bankruptcy code, Aditya Birla group firm said today.The Committee of Creditors (CoC) of Binani Cement on May 28 approved the resolution Plan submitted by UltraTech Cement, ...