Jio says it plans to monetise tower, fibre assets, bring in new investors

The executive added that Jio's capex intensity will go down because the group is almost completing its broadband infrastructure roll outs. Read more »

IL&FS says unable to meet interest payment obligation

"The company would be unable to service its obligation in respect of the interest of non-convertible debenture due on January 19," the company said in a BSE filing. Read more »

Will wait for telecom commission’s decision on PoI related to Rs 3050 crore fines on incumbents: Jio

The DoT had formed a special committee to look info Trai’s recommendations but sources say most of the committee rejected the fine amount, Read more »

HUL expects merger with GSK Consumer Healthcare to complete in next 6-9 months

On December 3, 2018, HUL had informed that its board has approved the merger with GSKCH India through an-all equity deal, valuing the total business of the latter at Rs 31,700 crore. Read more »

HyET Solar eyes manufacturing 300 MW solar panels in India

​​ “Since 99% of these solar panel sheets are polymer, it makes business sense for an existing polymer-maker like Reliance (Industries) to get into this business,” he told ET. Read more »

DGCA bars IndiGo, GoAir from flying A320 Neos with PW engines to Port Blair or long overseas routes

IndiGo and GoAir together have over 100 PW-powered A320 Neos currently. Read more »

Future Group’s chief executive officer for small format stores Ramesh Menon tenders resignation

Menon became part of Future Group in last year January after the merger with Hypercity Retail which Future Group acquired in 2017. He was earlier the CEO of Hypercity Retail. Read more »

Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief

Section 29 (A) of the IBC deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies. Read more »

Arvind Ltd in talks to introduce CO2-dyeing with Dutch technology-provider DyeCoo

“This eliminates the need of water and chemical dyes and is environmental free,” he said. He said if talks with Arvind Ltd succeed, the later will be the first Indian company... Read more »

We can’t risk servicing RCom’s past dues, says Jio

RCom is desperate to close the trading deal to use the funds to pay operational creditor Ericsson Rs 550 crore, and other lenders, including 37 banks. Read more »