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 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 »
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, 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 »
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