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The world in no longer flat, said Kumar Mangalam Birla as he noted that ‘slowbalization' would be the emerging trend and will be more regional.
Vodafone Idea says its ability to continue as a going concern is dependent on obtaining financial relief from the government.
US Justice Department wants to block deal to preserve competition in North American market for rolled aluminium sheet for automotive applications.
India seeks to raise $84 billion this year from the sale of spectrum, which would mean more borrowings for India’s richest tycoons.
Birla's Hindalco, which is part of the huge Aditya Birla Group, has put together a consortium of global banks to fund its takeover of aluminum producer Aleris Corp.
The order will probably set a precedent for other companies in insolvency proceedings and may jeopardise the 270-day timeline laid down to resolve such cases.
Birla’s hunger for deals comes from his optimism about India’s economy, which he likened to an elephant that’s starting to run.
India’s bankruptcy code is new, and it’s a well-worn tradition of common law for new legislation to be made roadworthy by litigation, both real & frivolous