PR Sanjai
Stories by PR Sanjai
Asia’s richest man added almost $17b to his wealth this year
In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost $13.2 billion.
India: Billionaire Mukesh Ambani in talks to sell news media assets to Times Group
Asia’s richest man plans to unload a business that’s been losing money.
Vodafone’s India troubles take toll on billionaire Birla’s wealth
The net worth of Kumar Mangalam Birla has shrunk to about $6 billion from $9.1 billion two years ago.
Aramco, BP deals to help Ambani slash $22b of Reliance debt
Ambani is cleaning up the group’s finances following years of spending on his wireless carrier.
Troubled Suzlon offers to repay $1.2b to settle stressed debt
Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon’s debt if the offer is accepted.
Comcast-backed group makes offer for stake in India’s Zee Entertainment
The group plans to snap up a 51% stake, which has a market value of about $2.77 billion.
Netflix bets big on Indian market but faces slew of rivals offering cheaper packages
With a growing number of smartphones and a surge in the use of broadband, India has become a battleground for streaming services.
Chinese banks demand $2.1b from Indian tycoon Anil Ambani’s firm
State-owned China Development Bank, with loans worth 98.6 billion rupees ($1.4 billion) was the biggest creditor to the indebted telecom company.
Anil Ambani in talks to sell general insurance unit to pare debt
The plan to sell the insurance unit is part of efforts by the former billionaire to cut his conglomerate’s liabilities after a debt-fueled expansion
Tata Group said to transfer its food business to Tata Global Beverages
Tata Global Beverages will buy all food brands and give shares in return to Tata Chemicals, said sources.
