The story behind Vodafone's fall in India

'Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country,' says Surajeet Das Gupta.......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

Mallya offers to repay Rs 4,000 cr to banks by Sep

Liquor baron Vijay Mallya and Kingfisher Airlines on Wednesday submitted in a sealed cover a proposal for repayment of Rs 4,000 crore (Rs 40 billion) out of the loan amount of Rs 6,903 crore (Rs......

Walmart's $16 bn Flipkart buy is the biggest deal this year

Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company US retailer Walmart's buying 77 per cent stake in Flipkart for $16 billion is the biggest acquisition......

Adar Poonawalla Wants To Buy RCB

It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB. IMAGE: Adar Poonawalla, CEO, Serum Institute of India. Photograph: ANI Photo   Serum Institute of India Chief......