Aditya Birla-led Hindalco Industries on Monday announced plans to set up a 34,000-tonne extrusion plant at Silvassa in the union territory Dadra and Nagar Haveli.
Walmart Inc's Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), giving the ecommerce company a bigger foothold in the high-margin fashion business as it battles it out with rival Amazon.com in the country.
India Inc. property expert reviews the recent trends in the Indian realty sector to highlight that it would be wise to go along with the current phase of transformation rather than resist change. There was a drought in property sales that was carried forward from 2015 into the early half of the year. When sales just started picking up, came the liquidity squeeze which was a corollary to the government scheme that offered amnesty to tax dodgers. If that was [...]