The Aditya Birla Group mayrestructure plan to bring all its retail verticals under Pantaloon Fashion & Retail.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
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SBI will hold 30 per cent in RIL joint venture
SBI was the top gainer after it reported lower-than-expected rise in bad loans
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Reliance, Birla Group, Airtel eye small finance banks.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
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