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Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Ambani's $15 bn bet will upend Indian telecom
Price of put option to be assessed for future sale.
Regulator has suggested a lower reserve price even in service areas where spectrum was sold in November 2012.
The arbitration clause is present in almost 95 per cent of corporate agreements, according to tax and audit firm Ernst & Young.
The stake, which is valued at Rs 8,200 crore at the company's current market capitalisation, will be sold by one of the group companies of Bharti Enterprises.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Mukesh Ambani-led company will squeeze market shares and margins of existing players
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
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