)
Reliance Retail, despite the pandemic, hit revenues of Rs 157,629 crore in FY21. The Future group's revenues are merely 7 per cent of this, compared to around 18 per cent in FY20
Three-pronged revamp strategy includes getting out of investing in capex of hotels, moving away from offering minimum guarantees to hotel partners and giving them flexibility to determine room tariff
The company has followed an inventory-led model so that the authenticity of the quality of brands was assured
Unlike Ola Electric, which is looking at a disruption, the two-wheeler maker is planning for a much staggered transition to electric. In the end, one or both could win
Much would depend on whether the govt gives it yet another year's moratorium on Rs 8,200 cr spectrum payment due next March, and its ability to raise Rs 25,000 cr more from investors
Currently, DoT allocates airwaves by administered price mechanism
Mittal had said, with Airtel setting up only two ground stations for uplinking in rural areas, the requirement for spectrum was minimal and different from terrestrial mobile services
It has bet big on Vietnam as its key global manufacturing hub for exports
The service is expected to be rolled out some time in September and Glance has already set up a large team in San Francisco to oversee the project
Many family business houses have seen a huge jump in their market cap in the past one year
With competitive pressures ruling out a tariff hike and relief on dues unlikely, the debt-ridden telecom service provider's options for survival are narrowing
If discussions fructify, smartphone would be made at Indian plants
To acquire domestic media, tech, and consumer goods firms
Ather's aggression comes on the heels of Ola Electric's ambitious game of investing Rs 2,400 crore to build a plant to make 10 million two-wheelers a year by 2022.
Vodafone-Idea has been looking to raise around Rs 25,000 crore for the last nine months
Apple manufacturer invests Rs 1,255 crore in India factory
A clutch of Indian companies is readying to make products and solutions for state-of-the-art telecom networks in India and abroad
But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day
Based on open radio access network (ORAN) technology, the plan is to roll out the solution initially for India and subsequently for exports
This indicates Chinese telcos feel new rule doesn't place curbs on them: Sources