Tariff hike to bring big benefits for Jio and Airtel, less pain for Vodafone Idea

Analysts said Bharti and Reliance Jio Infocomm could garner an additional ₹7,500 crore in annual free cash flow (FCF) and increase market share after the latest round of prepaid tariff hikes. The increase in prices reported in the second quarter of the financial year is expected to boost the average revenue per user (ARPU) of … Read more

Gautam Adani misses out on Mukesh Ambani’s chance to become Asia’s richest man

MUMBAI: Friday was a painful day for Gautam Adani, owner of infrastructure conglomerate Adani Group, not only because of the dramatic fall in the shares of his group companies, but also a golden opportunity to overtake his Gujarat-based brothers as the richest man. Missed. in Asia and India. In a brutal sell-off on Dalal Street … Read more

Amazon-Future Tussle: CCI says it will pass an order in due course

The Competition Commission of India said it would pass its order in a dispute between Amazon and Future Coupons (FCPL) in an “reasonable time”, even though the US company declined to give its written response or make oral submissions. Amazon told the CCI that it had challenged the Delhi High Court order in the Supreme … Read more

Param Bir Singh reaches Mumbai, appears before Crime Branch

Former Mumbai Police Commissioner Param Bir Singh, declared a declared offender by a Mumbai court, arrived in Mumbai on Thursday to join the investigation as directed by the court, an official said. The official said that Singh had taken a flight from Chandigarh. “He has come with the order of the court to join the … Read more

Mukesh Ambani looks to Walton family playbook on succession

For years, Mukesh Ambani has studied the ways in which billionaire families, from the Waltons to the Kochs, passed on what they’d built to the next generation. Recently, that process has intensified, with Asia’s richest man eyeing a blueprint for the next stage of his $208 billion empire that seeks to avert the succession warfare … Read more

Maharashtra tells Centre, Reliance General Insurance’s refusal to pay crop claims may become law and order issue

Reliance General Insurance Company (RGICL) has refused to pay insurance claims to farmers of Maharashtra under the Central Crop Insurance Scheme for the Kharif 2021 season, following which the state government has written to the Center saying that it is law and order. could become an issue. “The other five insurance companies have paid about … Read more

Mumbai Police traces the driver of the car whose passenger asked about Mukesh Ambani’s residence

Mumbai Police has traced the driver of the car whose passenger had asked the cab about the location of ‘Antilia’, the residence of industrialist Mukesh Ambani. An official gave this information on Tuesday. The driver of that car, a private cab, was brought to Azad Maidan police station for questioning after the vehicle was found … Read more

Security tightened outside Mukesh Ambani’s residence ‘Antilia’

Security was beefed up outside industrialist Mukesh Ambani’s south Mumbai residence on Monday after a taxi driver informed the police that two suspicious passengers, who were carrying bags with him, approached him at the location of ‘Antilia’, an official said. was asked about. He said more barricades were being put up by the police outside … Read more

Future Retail’s independent directors claim Amazon deal violates FEMA, FDI rules

(FRL) independent directors said that Amazon was in violation of foreign exchange rules because the Singapore Arbitral Tribunal made FRL a party to arbitration proceedings. In a letter to the stock exchange, the independent directors said that Amazon has suppressed facts, misrepresented and misrepresented the Competition Commission of India to seek approval for its investment … Read more