Mukesh Ambani's RIL Expects To Hit Zero Net Debt Before Deadline
Business | P R Sanjai, Bloomberg | Friday May 1, 2020
The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.
JioMart WhatsApp-Based Online Portal Starts Amid Lockdown
P R Sanjai, Bloomberg | Monday April 27, 2020
Reliance Industries started testing its online shopping portal three days after Facebook said it will invest $5.7 billion in digital assets controlled by billionaire Mukesh Ambani.
India's Highways Filled With Poor Families Walking Home
India News | Muneeza Naqvi and P R Sanjai, Bloomberg | Monday March 30, 2020
In small groups and large crowds, through inner-city lanes and down interstate highways, hundreds of thousands of India's poorest are slowly making a desperate journey on foot back to their villages in a mass exodus unseen since the days immediately after India's independence in 1947.
Mukesh Ambani Loses Asia's Richest Crown to Jack Ma In $5.8 Billion Rout
India News | P R Sanjai, Bloomberg | Tuesday March 10, 2020
India's top industrialist Mukesh Ambani is no longer Asia's richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
Mukesh Ambani’s Plan To Make Reliance Debt-Free By 2021 Hits Bumps
Business | P R Sanjai, Bloomberg | Monday February 24, 2020
Prime Minister Narendra Modis administration has petitioned a court to halt a proposed stake sale by Reliance Industries to Saudi Arabian Oil Company, threatening a key source of funds needed to pare liabilities. In addition, the conglomerate, which is into oil refining, telecommunications and retail, is also facing unfriendly tax proposals that co...
Streaming Giants Netflix, Disney Challenged In India By Domestic Rival
India News | P R Sanjai, Bloomberg | Thursday February 20, 2020
As global streaming giants Netflix Inc. and Walt Disney Co. spend millions of dollars to grab viewers in India, a country that could become their biggest overseas market, a homegrown rival is preparing to defend its turf.
Netflix Girds for Price War in India Streaming Battleground
P R Sanjai, Bloomberg | Tuesday December 24, 2019
Netflix and its rivals are facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming.
Mukesh Ambani, Asia's Richest, Added $17 Billion To His Wealth In 2019
Business | P R Sanjai, Bloomberg | Tuesday December 24, 2019
The surge in Mr Ambani's fortune this year was fueled by a 40% jump in the shares of his Reliance Industries Ltd.
Reclusive Billionaire Pallonji Mistry's Plans To Cut $558 Million Debt
Business | Bhuma Shrivastava and P R Sanjai, Bloomberg | Friday August 23, 2019
The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.
ITC, Asia's Top Cigarette Maker, Considers Stake In Coffee Day: Report
Business | Baiju Kalesh, Anto Antony and P R Sanjai, Bloomberg | Wednesday August 21, 2019
Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.
Mukesh Ambani, Asia's Richest, Grooms Heirs To His $50 Billion Fortune
Business | P R Sanjai, Bloomberg | Friday August 16, 2019
Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.
Amazon Said to Near Deal for Up to 10 Percent of India's Second Largest Retailer, Future Retail
Saritha Rai, Ari Altstedter, P R Sanjai, Bloomberg | Wednesday August 14, 2019
Amazon.com is in late-stage talks to acquire as much as 10 percent of India's Future Retail, people familiar with the negotiations said.
The $84 Billion Dilemma Vexing India's Three Telecom Tycoons
P R Sanjai, Bloomberg | Monday June 24, 2019
Some of India's billionaires are bracing for more as their next battle looms: 5G.
Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Business | Saloni Shukla and P R Sanjai, Bloomberg | Thursday February 14, 2019
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Business | Saloni Shukla and P R Sanjai, Bloomberg | Thursday January 31, 2019
Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.
Mukesh Ambani's RIL Expects To Hit Zero Net Debt Before Deadline
Business | P R Sanjai, Bloomberg | Friday May 1, 2020
The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.
JioMart WhatsApp-Based Online Portal Starts Amid Lockdown
P R Sanjai, Bloomberg | Monday April 27, 2020
Reliance Industries started testing its online shopping portal three days after Facebook said it will invest $5.7 billion in digital assets controlled by billionaire Mukesh Ambani.
India's Highways Filled With Poor Families Walking Home
India News | Muneeza Naqvi and P R Sanjai, Bloomberg | Monday March 30, 2020
In small groups and large crowds, through inner-city lanes and down interstate highways, hundreds of thousands of India's poorest are slowly making a desperate journey on foot back to their villages in a mass exodus unseen since the days immediately after India's independence in 1947.
Mukesh Ambani Loses Asia's Richest Crown to Jack Ma In $5.8 Billion Rout
India News | P R Sanjai, Bloomberg | Tuesday March 10, 2020
India's top industrialist Mukesh Ambani is no longer Asia's richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
Mukesh Ambani’s Plan To Make Reliance Debt-Free By 2021 Hits Bumps
Business | P R Sanjai, Bloomberg | Monday February 24, 2020
Prime Minister Narendra Modis administration has petitioned a court to halt a proposed stake sale by Reliance Industries to Saudi Arabian Oil Company, threatening a key source of funds needed to pare liabilities. In addition, the conglomerate, which is into oil refining, telecommunications and retail, is also facing unfriendly tax proposals that co...
Streaming Giants Netflix, Disney Challenged In India By Domestic Rival
India News | P R Sanjai, Bloomberg | Thursday February 20, 2020
As global streaming giants Netflix Inc. and Walt Disney Co. spend millions of dollars to grab viewers in India, a country that could become their biggest overseas market, a homegrown rival is preparing to defend its turf.
Netflix Girds for Price War in India Streaming Battleground
P R Sanjai, Bloomberg | Tuesday December 24, 2019
Netflix and its rivals are facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming.
Mukesh Ambani, Asia's Richest, Added $17 Billion To His Wealth In 2019
Business | P R Sanjai, Bloomberg | Tuesday December 24, 2019
The surge in Mr Ambani's fortune this year was fueled by a 40% jump in the shares of his Reliance Industries Ltd.
Reclusive Billionaire Pallonji Mistry's Plans To Cut $558 Million Debt
Business | Bhuma Shrivastava and P R Sanjai, Bloomberg | Friday August 23, 2019
The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.
ITC, Asia's Top Cigarette Maker, Considers Stake In Coffee Day: Report
Business | Baiju Kalesh, Anto Antony and P R Sanjai, Bloomberg | Wednesday August 21, 2019
Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.
Mukesh Ambani, Asia's Richest, Grooms Heirs To His $50 Billion Fortune
Business | P R Sanjai, Bloomberg | Friday August 16, 2019
Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.
Amazon Said to Near Deal for Up to 10 Percent of India's Second Largest Retailer, Future Retail
Saritha Rai, Ari Altstedter, P R Sanjai, Bloomberg | Wednesday August 14, 2019
Amazon.com is in late-stage talks to acquire as much as 10 percent of India's Future Retail, people familiar with the negotiations said.
The $84 Billion Dilemma Vexing India's Three Telecom Tycoons
P R Sanjai, Bloomberg | Monday June 24, 2019
Some of India's billionaires are bracing for more as their next battle looms: 5G.
Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Business | Saloni Shukla and P R Sanjai, Bloomberg | Thursday February 14, 2019
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Business | Saloni Shukla and P R Sanjai, Bloomberg | Thursday January 31, 2019
Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.
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