Category Archives: Business

PM tells business leaders economy will bounce back, $5-trillion goal realistic

Prime Minister Narendra Modi on Thursday told business leaders that India has the strength to bounce back from the ongoing slowdown and that the goal of a $5-trillion economy was realistic. Modi shared his confidence of achieving the medium-term goal at a meeting with economists and representatives from various industries ahead of his government’s FY21 budget. The Union… Read More »

Post IPO, Mindspace Business Parks REIT to raise ₹3,700 cr debt

Mindspace Business Parks REIT, which is aiming to become the country’s second publicly listed real estate investment trust (REIT), plans to refinance a large portion of its rent-yielding portfolio’s debt after its initial public offering (IPO), shows the company’s filing with the markets regulator. According to Mindspace REIT’s draft IPO prospectus filed with Sebi, the company is aiming to… Read More »

Reckitt Benckiser awards media business to dentsuX

NEW DELHI : Reckitt Benckiser India, the company behind popular fast-moving consumer goods brands like Dettol, Mortein, Strepsils and Harpic, has awarded its media business to dentsuX of Dentsu Aegis Network, the media agency said in a statement. DentsuX India won the mandate against the incumbent agency group, IPG, as well as Starcom, Madison and Havas. The business will… Read More »

Reliance denies reports on selling news business to Times Group

Mukesh Ambani’s Reliance Industries terms it false and baseless Billionaire Mukesh Ambani’s Reliance Industries on Thursday denied reports of selling its news media business to Times Group. Bloomberg early on Thursday reported that Ambani “is in talks to sell his news media assets to India’s Times Group, as Asia’s richest man plans to unload a business that’s been losing… Read More »

Reporter’s Take | Cipla, Dr Reddy’s eye Wockhardt businesses

Shares of Wockhardt soared on November 18 climbing almost 12 percent during intra-day trade, and ending up with gains of 9.5 percent. As the pharma major has been looking to raise funds to reduce its debt burden, companies have shown interest in buying business segments of Wockhardt. In this episode of Reporter’s Take, Moneycontrol’s Jerome Anthony gets in conversation… Read More »

Business confidence takes a hit

The BCI, which is based on the 110th round of NCAER’s Business Expectations Survey (BES), “suggests a deep and all-pervasive worsening of business sentiment”, says a statement issued by the economic think-tank.(Shutterstock) Business confidence in India has been draining continuously as the economy shudders through its worst slowdown in over a decade. The business confidence index (BCI) developed… Read More »

Raymond demerges core lifestyle business

MUMBAI : Raymond Ltd said it will demerge its core lifestyle business into a separate listed entity to simplify the group structure and create investor opportunities. The new entity, Raymond Lifestyle Ltd, will bring all its existing branded textile, apparel and garment businesses under one umbrella, said Gautam Hari Singhania, Raymond’s chairman and managing director on Thursday. After the split, Raymond… Read More »

India not a place for starting business, says ease of doing business report

The ease of doing business which was released on Thursday stated that “India is not a place for starting a business”. While India has jumped 14 places to take the 63rd position on the World Bank’s ease of doing business ranking, the country moved at a snail’s pace on starting a business front. The change in starting a… Read More »

Full text: Nita Ambani’s address at Sports Business Summit in London

Nita Ambani, owner of the Indian Premier League (IPL) franchise Mumbai Indians, on October 8, addressed the Sports Business Summit in London, which is part of Leaders’ Week London 2019 event. She is also the Founder and Chairperson of Reliance Foundation and a member of the International Olympic Committee (IOC). Here’s a full transcript of Ambani’s address: Distinguished guests, ladies and… Read More »

Over 2,000 Indian firms joined Dubai business chamber in first six months of 2019

Over 2,000 Indian companies joined the Dubai Chamber of Commerce and Industry (DCCI) as new members in the first six months of 2019, marking an 18 percent increase compared to the same period last year, the business body said on Thursday. The 2,208 new Indian firms accounted for 24.4 percent of the new member companies that registered with… Read More »