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Koncept Automobiles, Mahindra opened its All - Women Showroom in Delhi - The Statesman

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 …

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Adani Group logo

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 …

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ITC Royal Bengal, a Luxury Collection Hotel, Kolkata

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 …

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