Birlas on Monday said that the Tatas as a group were not the promoters of telecom joint venture Idea and hence not obliged to exit the business
Launching a counter offensive in the ongoing controversy over stake holding in Idea Cellular, Tatas on Tuesday dubbed the position of joint venture partner AV Birla Group as "misleading" and asserted that they were under no legal obligation to exit f
Close on the heels of Aditya Birla Group's restructuring move, its flagship Indian Rayon on Thursday said it will seek shareholders' nod to change its name to 'Aditya Birla Nuvo Ltd'. \nThe Rs 5,000 crore (Rs 50 billion) Aditya Birla Group had on Sep
A total of 41 companies had applied for the permit
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
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SBI will hold 30 per cent in RIL joint venture
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
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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.
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Reliance, Birla Group, Airtel eye small finance banks.
Licence winners are expected to be announced by the first quarter of 2014.
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