Confidence to go ahead with a retail deal in the battle with Amazon

MUMBAI: Indian conglomerate Reliance dismissed Amazon’s push to delay acquisition of national retail giant Future group, despite an arbitration panel suspending the deal after objections from the US online titan. The dispute is the latest development in a protracted battle for dominance in India between Reliance, owned by Asia’s richest …

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Ananya Birla criticizes American restaurant for being ‘racist’

Ananya Birla, the daughter of Aditya Birla Group billionaire chairman Kumar Mangalam Birla, criticized an American restaurant for being “racist”, saying the Italian-American restaurant in California “literally kicked” her and her family out of its premises. The singer and artist took to Twitter to share her ordeal on Saturday, saying …

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Kotak Mahindra Bank reduces loan portfolio to avoid pandemic risk

Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …

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