Days after it was reported that the Adani Group hired accountancy firm Grant Thornton, the Gautam Adani-owned conglomerate has dismissed it as a rumour. In a statement released to the stock exchanges, Adani Enterprises said the news about hiring Grant Thornton appears to be a “market rumour and hence it would be…
Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, is set to enter the salon business and is in talks to buy a 49% stake in Naturals Salon & Spa, the chief executive of the salon chain said in a social media post on Friday. The existing promoters of Naturals Salon-parent, Groom…
Mukesh Ambani’s Reliance Industries (RIL) has hit a market capitalization (m-cap) of Rs 19 lakh crore, the first-ever Indian company to achieve the feat. Shares of the conglomerate scaled a record high on Wednesday. While the share market was down on Wednesday. However, bucking the trend, Reliance Industries…
Tata Sons plans to merge low-fare airline AirAsia India with Air India Express, the budget carrier of Air India. The development comes after the conglomerate successfully bought Air India from the government. The move is aimed at achieving operational synergies and cutting operational costs, reported The Economic…
Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals. But industry executives warn any success will be a long and complicated process that…
Tata Sons has won the final bid for acquiring national carrier Air India, according to government sources. The salt-to-software conglomerate had submitted the final bid for the airline on September 15 and emerged as the frontrunner to acquire the airline. While SpiceJet promoter Ajay Singh had also submitted a bid…
Indian shares inched lower on Monday, dragged by heavyweight Reliance Industries after the conglomerate delayed the launch of a low-cost smartphone it is developing with Google, with investors awaiting key inflation data due later in the day The blue-chip NSE Nifty 50 index was down 0.22% at 17,335.35 by 9:18 am, while…
Reliance Industries Ltd., the conglomerate helmed by Asia’s richest man, is among large Indian companies that have given at least one Covid-19 shot to almost all of its employees, a sign the country’s corporate sector is proving more efficient at procuring shots than the government, which has struggled with…