Top headlines: Reliance Retail's valuation, GoAir's challenge, and more

From Reliance Retail's valuation to GoAir's 'operational challenges', here are today's top headlines

Mukesh Ambani's Reliance Retail valued at $34 billion in share swap

Share owners in Reliance Retail Ltd. can exchange four shares for one of its listed parent Reliance Industries Ltd., according to a so-called scheme of arrangement posted on the group’s website. With the parent’s latest market capitalization at Rs 9.8 trillion ($137 billion), the share swap values the subsidiary at Rs 2.4 trillion, according to Bloomberg’s calculation. Read more

Airbus added to 'operational challenge': GoAir explains cancelled flights

The Wadia group-owned airline cancelled as many as 40 flights this week on account of shortage of staff and inclement weather, among others issues.