RCom receives bids worth Rs 25,000 crore from Reliance Jio, UVARCL : Bulletin: Business Today
Business Today

RCom receives bids worth Rs 25,000 crore from Reliance Jio, UVARCL

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BusinessToday.In | January 15, 2020

'Will ensure Air India keeps operating uninterruptedly,' says Aviation Ministry

The Ministry of Civil Aviation said on Tuesday that it would make sure that Air India continues to operate 'uninterruptedly'. The ministry said that it aims to improve the airline's operations as the government plans to go ahead with Air India's disinvestment process. Aviation minister Hardeep Singh Puri had also said last year that it would be difficult to run the airline without privatising it.

As companies go 'regional', 'globalization' has made way for 'slowbalisation': Kumar Mangalam Birla

Aditya Birla Group Chairman Kumar Mangalam Birla, in a personal LinkedIn blogpost, has said that tensions between nationalism and globalisation will be the most defining trends of the current decade. "While the march of globalisation is perhaps inevitable, what is certain is that the world is no longer flat," stated the billionaire businessman. He said this could lead to slower global trade as economies would go regional. "As globalization makes way for 'slowbalisation,' the emerging pattern of trend is more regional," he wrote.

Amazon boss Jeff Bezos invokes Mahatma on his India visit

Amazon Inc CEO Jeff Bezos on Tuesday visited Mahatma Gandhi's memorial in Delhi soon after he landed in India. Posting a video on Twitter, the world's richest man wrote he paid respects to "someone who truly changed the world". Bezos is here to attend Amazon's two-day flagship event for small and medium businesses, which will kick-start in Delhi on Wednesday. He is also likely to meet Prime Minister Narendra Modi during his India visit.

No Indian company in US top 100 patent list; China the rising star

If global rankings are an accurate indicator, India fares rather poorly in innovation, research and development. Indian companies do not figure in the Top 100 list of the most US patents granted in 2019 - the list is mostly dominated by the United States and Japan. China is the rising star.

A 2019 list, released by IFI CLAIMS Patent Services, a provider of global patent data information, states that the US holds a 49 per cent share of US patents granted in 2019, up from 46 per cent in 2018.

RCom receives bids worth Rs 25,000 crore from Reliance Jio, UVARCL

Anil Ambani's bankrupt telecom company Reliance Communications (RCom) and its subsidiaries have finally received bids worth Rs 25,000 crore for its assets from his brother Mukesh Ambani's Reliance Jio Infocomm (RJio) and UV Asset Reconstruction Company (UVARCL), a Hindu BusinessLine report said. The two companies reportedly emerged as the highest bidders in the Committee of Creditors (CoC) meet on Monday.

WPI inflation increases to 2.59% in December from 0.58% in November

Wholesale Price Index inflation has risen to 2.59 per cent in December from 0.58% in November. This is the highest inflation figure in last eight months. WPI inflation had touched 3.1% in April 2019. WPI inflation had stood at 3.46 per cent in December 2018.  According to data released by the Ministry of Commerce and Industry on Tuesday, inflation of food articles increased to 13.24 percent from 11 per cent in November.

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