Adani Group set to buy Ambuja, ACC Cements after SEBI approval

New Delhi, Aug 19: Adani Group has received regulatory approval for Rs 301 billion ($3.8 billion) open offer to buy remaining shares of two...

Uber likely to exit Zomato; puts entire 7.8% stake on the block

Mumbai, Aug 2: Uber has decided to put its entire 7.8 per cent stake in restaurant aggregator Zomato on the block, according to people...

Reliance Industries warns of global recession headwinds after profit miss

Reliance Industries Ltd. has warned that a global recession can hurt oil refining margins, flagging the possibility of more pain ahead after the owner...

‘Restaurants cannot add service charge to food bills’

New Delhi, 4 June: Restaurants are free to raise their menu prices since there are no price controls on them, but they cannot levy...

German retailer Metro to sell its India business for $1.75 bn

New Delhi, May 20: German retailer Metro AG is planning to exit the Indian market by selling its cash-and-carry operations for $1.5-1.75 billion, according...

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