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File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

Mukesh Ambani tops IIFL Hurun India Rich List for 9th consecutive year

Mukesh Ambani, the Hinduja brothers and Shiv Nadar topped the IIFL Wealth Hurun India Rich List 2020, which ranks individuals with a net worth of Rs 1,000 crore or more as on 31 August.
File image of the Life Insurance Corporation of India headquarters in Chennai | Wikimedia Commons

Modi govt to seek cabinet approval to sell 25% stake in LIC in tranches

Mumbai: India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter...
The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

MPC appointments delay is unusual, but vacancies at the top of RBI & banks almost a norm

In the last few years, delay in appointments has resulted in several posts in regulatory bodies and public sector banks lying vacant for months.
The Reserve Bank of India (RBI) logo | Bloomberg

Why MPC meeting postponement looks like Modi is undermining RBI yet again

RBI is on its third governor in four years and investors are left wondering whether India has become something of a halfway house

Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.
RBI

RBI reschedules Monetary Policy Committee meeting, new dates to be announced soon

The panel was scheduled to meet for three days beginning 29 September for RBI's bi-monthly monetary policy review. RBI did not give any reason for rescheduling the meet.
Representational image of sugar cubes | Photographer: Vincent Mundy/Bloomberg

Govt extends sugar export deadline by 3 months till December due to pandemic

The food ministry said the extension was being provided as several mills faced logistical issues to export amid the Covid situation.
File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg

Reliance Retail gets $1 billion from Silver Lake for 1.75% stake

Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.
Luxury (Representational Image) | Needpix

Wellness, watches & even weed — What the future holds for luxury retail

Covid has made 2020 the worst year for the global luxury market in modern history, but it is also why health is likely to be the ultimate luxury product in the next decade.
A Harley Davidson dealership (Representational Image ) | Photographer: David Paul Morris | Bloomberg

Harley-Davidson riding away reflects poorly on both US icon and Modi’s ‘Make in India’

Modi’s ambitious plans to ‘Make in India’ could have been helped by a symbolic gesture to hold on to Harley, a premium manufacturer with an outsize brand.

On Camera

Gold bangles | pikist.com

Why Titan is beginning to shine again after lockdown woes while other jewellers struggle

Titan is set to post best quarter in nearly 3 years as investors bet on recovery in demand ahead of festive season & economic slump weakens its competitors.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.