Goyal said he tried to buy out ColorPlus from Raymond a few years ago.
India's rank was further amplified by the collapse of the South American and Russian economies.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
The e-tail venture plans to initially offer apparel, electronics and footwear products.
Might opt for salaried employment after failure of his latest venture
A number of smaller players are said to be gasping for breath.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Ola Cabs, which started out in 2010, has raised over $1 billion of funds.
Two IIT-B grads cracked the cab aggregator code, tasted success & failure.
Globally, the viability of on-demand businesses is being questioned
Lenders taking up incubator-style roles with small investments in start-ups
It is all about hitting the ball high and timing it right.
Investments in 2015 reach a record high of $46.4 million with 193 deals.
The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
Over Lebanese delicacies, the daughter of billionaire Kumar Mangalam Birla talks money, relationships, her passions and how she outpaced her peers.
Company cites copyright issues but users irked by crackdown on VPNs
One of the reasons behind the changing trend is that the applicants are spoiled for choice
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
The total staff strength - once 1,100 - is now under 200.
Advitiya Sharma is fifth co-founder to leave the start-up now left with three more co-founders.