Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
Three independent people with knowledge of the talks said the group had been selected in the first round and was now likely to make a formal bid.
Namrata Thakker takes a look at his Instagram feed to find out.
The Aditya Birla Group is in acquisition mode again. It appears set to acquire US carbon black manufacturer Columbian Chemicals. According to two independent sources, negotiations are at the last stages, and a deal is expected to be announced next week. The size of the deal, said these sources, is expected to be around $900 million (Rs 4,100 crore).
The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors. The deal, valued at nearly $10.35 billion, will put in the shade Cairn Energy Plc's exit from India in 2010, when it sold Cairn India to Vedanta Group for $4.48 billion. According to various reports, big business groups such as AV Birla, JSW Group, and Adani Group are in the fray to acquire Holcim's assets in India.
Family members came out in support of Varun Dhawan and Shraddha Kapoor's new film together, Street Dancer 3D, at its special screening in Mumbai. It has been directed by Remo D'Souza.
In a major move in 2016, the US had designated India a "Major Defence Partner" intending to elevate defence trade and technology sharing to a level commensurate with that of its closest allies and partners.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Even as Krishan Kumar threw a Diwali party for his friends, Ekta Kapoor threw another bash for her at her home.
Ashish Narsale/Rediff.com brings you some of the innovative cars presented at the latest edition of the Consumer Electronics Show.
The West Indies skipper dislodged Australia's opening batsman Matthew Hayden.
Jaiswal polished off the South African tail with a four-wicket burst with his spin bowling to bundle out the home side for just 119 from 29.5 overs.
A sneak peek at 12 hot gadgets that could be yours this festive season.
The Tirumala Tirupati Devasthanams, which governs the ancient shrine of Lord Venkateswara at Tirumala here, on Wednesday announced that Lord Hanuman's birthplace was Anjanadri, a hillock at Japali Theertham located about 5 km from north of the hill temple.
Finance Minister Nirmala Sitharaman cut fuel subsidies while slapping additional fuel taxes on unblended transport fuels in the latest Union Budget. The former will hit the rural poor, households that secured a subsidised LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY), a programme that was partly instrumental in helping the Bharatiya Janata Party (BJP) win the 2019 general elections. The latter will pretty much hurt the entire population after it kicks in from October. That's what it looks like. Or, perhaps, it's not as it appears to be, at least on the subsidy front.
A look at the players' record and their individual performances ahead of the two-Test series.
Readers share their foodgasm moments.
AV Birla Group chairman, Kumar Mangalam Birla and the chief executive officer of Aditya Birla Retail, Sumant Sinha bare the details, in this open-ended conversation, about their plans for Aditya Birla Retail.
Hanuma Vihari was bought by Delhi Capitals for Rs 2 crore in the 2019 IPL but he didn't find any takers this season, which has been indefinitely suspended because of the COVID-19 pandemic. Vihari says being snubbed by IPL franchises this season has neither made him sad nor affected his belief.
One more ruling Congress legislator A John Kumar, a close confidant of Puducherry Chief Minister V Narayanasamy, resigned his MLA post on Tuesday, in yet another jolt to the ruling Congress dispensation ahead of the assembly polls due in few months.
Rediff.com's Ashish Narsale presents a list of gadgets that will fit your budget and instantly impress your bae.
Presenting the best of food pics we saw this week. Have you shared yours yet?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
According to the new guidelines, footwear/shoes to be taken off inside own vehicle, if needed, keep in separate slots for each individual/family by persons themselves and people should wash their hands and feet with soap and water before entering.
'More than Mumbai's progress into the last four stage, that game (and the one the previous day between Kolkata and Hyderabad, when Yusuf Pathan blazed a 22-ball 72 to ensure a second place finish for his team), revived spectator interest in IPL, something prominent by its absence.' 'Maybe it was the stench of match-fixing, maybe the far greater competition from the other IPL (Indian Political League) and maybe just plain viewer fatigue, but this edition of IPL was a pale shadow of its earlier avatars, says Shreekant Sambrani.
'If it is Coldplay, I don't think Bollywood needed to be there.' 'If you put Bollywood everywhere, I don't think other bands will come to India.'
Hindalco Industries, the metals flagship of the Aditya Birla Group, on Friday said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned subsidiary Novelis as part of corporate reorganisation plan.
South Africa beat India by 141 runs in the first One-dayer of the three-match series between India and South Africa at The Wanderers Stadium, Johannesburg on Thursday. Here are the statistical highlights...
When Biocon chairperson Kiran Majumdar-Shaw - well known for raising issues ranging from lack of civic services in Bengaluru to climate change - decided to take on the Indian stock market regulator, the Securities and Exchange Board of India (Sebi), she forced the Indian corporate world and legal community to take notice. In an interview to Business Standard, Majumdar-Shaw called a Sebi order to impose a fine on insider trading charges against a Biocon employee and an external consultant an "Agatha Christie" fiction, which destroyed the reputation of "innocent people". "The order is pure harassment and has caused huge reputational damage to us and goes against the principles of good governance promised by this government," Mazumdar-Shaw said. "We will certainly appeal this," she added.
Salman Khan completes 10 years of hosting Bigg Boss over the weekend and to celebrate the special occasion, the contestants dance on his hit numbers.
Amid a raging controversy over Kamal Haasan's 'Vishwaroopam', Tamil Nadu governor on Friday said filmmakers should show "due respect" for sensitivities of people while making films like 'Dam 999' and warned it will "not spare anybody who tries to whip-up communal passions."
Claim could be over fee for guarantees given for loans to acquire Novelis.
These consumer-friendly gadgets are designed to make your life simpler.
Roberto Di Matteo gained his reward for steering Chelsea to Champions League and FA Cup glory last season when he was appointed manager on a permanent basis on Wednesday.
The hotels in shopping malls, however, will not be allowed to reopen.
Take a look at her sexiest looks through the years.
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
The single factor that can help West Bengal to tackle its debt crisis is private investment.
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