Mukesh Ambani bails out Anil Ambani, Jet runs into more troubles, Hostile takeover of Mindtree- Weekly Digest #80

Monday- 18th March 2019 Mukesh Ambani helped his brother Anil from imprisonment by paying money owed by him to Ericsson. The bailout came in critical time as Tuesday was the deadline for Anil’s RCom to clear ₹580 crore due to the Swedish equipment maker. L&T has bought a 20.32% stake in Mindtree for ₹3,269 crore …

L&T lays off, RBI rupee worries, OP Bhatt to lead Tata Steel- Weekly digest #24

Monday- 21st November 2016 Indian stock market wiped out all the gains it made this year after 8th consecutive bear-session. Nifty nears the critical 8,000 mark and Sensex has fallen below 26,000 points.  With rupee  touching its all time low, RBI has supposedly taken steps to avert the disaster further. The central bank sold dollars as …