After economical products, Reliance checking INTO HOTEL BUSINESS?
Reliance Industries has announced an MoU with The Oberoi Hotels and Resorts (Oberoi Group) to jointly manage three properties across India and the UK.
JSW Group: Gearing for the supercycle
JSW Steel Ltd. is seeking to form a consortium to bid for a majority stake in Teck Resources Ltd.’s steelmaking coal business, sources said. This will potentially rival an Rs 66,400 cr ($8 billion) offer from commodities company Glencore Plc. Mumbai-based JSW is seeking partners for an offer to acquire 75% interest in the said …
AFTER RICE EXPORT BAN, IS SUGAR NEXT?
After Indian government banned exports on some types of rice, many traders feel sugar may be the next commodity to be on the ban list. The sweet commodity accounts for 12% of the total world sugar exports while India is the biggest sugar consumer in the world. Asian countries like Thailand, Indonesia, China, Cambodia, Japan, and …
Mahindra looking to own 10% of RBL Bank. Question is WHY NOW?
Mahindra and Mahindra bought 3.53% stake in RBL Bank for Rs 417 cr. The auto company also looked at the possibility of additional investments up to a 9.9% stake. The RBL management however said that it was not aware of any new stock purchase by Mahindra. The new move has been negative for Mahindra’s stock, which saw heavy …
Mahindra looking to own 10% of RBL Bank. Question is WHY NOW? Read More »
Adani, Visa sign deal to bring co-branded cards for travellers, embarks step in financial services
Payment aggregator company Visa has signed a deal with Adani Group to launch co-branded cards. Company will be looking to expand its footprint via Adani Group’s consumer data points of over 400 million consumers. “We signed a co-brand agreement with Indian conglomerate Adani, serving 400 million customers through retail, airports, and online travel services, among …
ITC: Could demerger of hotel business may finally unlock value?
ITC, the biggest tobacco-to-biscuit conglomerate in India, has announced the demerger of its hotel business. The new entity, which will now be 60% owned by its shareholders, will be 40% owned by ITC, giving way to newer entity more freedom and less-bureaucracy over the top management. ITC’s hotel business has taken around 20% of the …
ITC: Could demerger of hotel business may finally unlock value? Read More »
Three Small Banks With Large Potential. Find out who they are?
Karur Vysya Bank is the most improved bank in terms of asset quality in the last 3 years. Bank’s asset quality has witnessed significant improvement with GNPA and NNPA reduced to the levels of 1.99% and 0.59%. It is pretty much comparable with some of the largest banks in the country like HDFC and Kotak. …
Three Small Banks With Large Potential. Find out who they are? Read More »