Govt puts off Air India stake sale for now, to revive loan recast plan

1 day ago
The government has indefinitely put off the sale of stateowned airline Air India as it believes there wouldn't be takers ahead of the 2019 general elections. The attempt will now be to recast the debt burden of the airline by hiving off a portion of ... ...

Fortis board initiates fresh bidding process, bidders will get 10 days to do due diligence

3 weeks ago
Moneycontrol News. The board of Fortis Healthcare on Tuesday mutually terminated MunjalBurman's offer and decided to call for fresh bids for sale of the company. The board invited interested parties to submit fresh expression of interest (EOI) by May 31. ... ...

US opens new embassy in Jerusalem amid 43 deaths in IsraelPalestinian clashes

1 month ago
The US today opened its embassy in Jerusalem under a controversial move by President Donald Trump, amid a bloodbath right on the border with Gaza where Israeli soldiers shot dead at least 43 Palestinians in clashes, in the deadliest escalation of ... ...

Startups see WalmartFlipkart deal as big booster

1 month ago
After going through funding winter in 2016 and a volatile investment environment in 2017, the WalmartFlipkart deal has brought warmth to the domestic startup universe. Arjun Zacharia, CEO at startup online store Wooplr, is seeing the $16million deal  ... ...

Walmart faces geographical, regulatory risks in India

1 month ago
The WalmartFlipkart deal may be a compelling story but it's not without a flipside. Some measure of that flipside could be read in the scepticism with which Wall Street greeted the news of the M&A between the two retail giants on Wednesday. The US Walmart, Flipkart kick off 'new e ... ...

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