Anil Ambani, chairman of Reliance Communications addressing a press conference in Mumbai. (PTI Photo) MUMBAI: Reliance Communications (RCom) chairman Anil Ambani on Tuesday said the company will resolve its outstanding debt issue with lenders by selling its spectrum, cell towers, optical fiber network and real estate properties. This will result in RCom exiting the wireless telecom business and paring its debt to Rs 6,000 crore from Rs 45,000 Read More

Two generations of the Loane family – from left, Bryan Loane, Morgan Loane and Scott Loane The rumours that swirled around the American east coast city of Baltimore in 1895 were grossly inaccurate. The word on the street was that the Loane family business had shut. So Javez Loane, who at the time ran the business that made sails, window Read More

NEW DELHI, DEC 26:   Business leaders in India remained largely positive, but their level of optimism has dropped to its lowest level in four years even as it has hit a two-year high in the Asia–Pacific, says a report. According to the latest Grant Thornton’s report, Asia–Pacific business optimism has hit a 2 year high, largely driven by improvements from Read More

Sophisticated investors in high potential start-up companies generally take one of two approaches to angel investing, which I call “power ball” and “money ball”. Either of these approaches can yield high financial returns, but their success requires angels to stick to the rules of the game they are playing. Investors do poorly when they confound the two games. Types of Read More

About a week ago, I put out the statistic that the typical, or median, size of an angel investment is $10,000. Many people have responded that they don’t believe the number because they see companies receiving $250,000 to $500,000 from angels. But these numbers aren’t inconsistent. Data from a survey of a representative sample of the adult age population in Read More

Thirty-nine percent (39%) of small business owners are seeing a return on investment from social media.  That is according to a recent survey by Manta, released just last week. Manta, an online small business community, surveyed more than 1,200 of its members to generate its quarterly Small Business Wellness Index, where these findings are from.  Chart excerpt: Now you might think Read More

Till now you have interacted with life insurance companies as a customer, and so you needed to understand the different products they sold, embedded costs, performance record of the insurer and processes of making a claim. But last year, with ICICI Prudential Life Insurance Co. Ltd going public, followed by two other insurers this year namely SBI Life Insurance Co. Read More

Ola’s rivalry with Uber has just entered a whole new dimension. Seven months after Uber launched its on-demand food delivery app UberEATs in India, Ola on Tuesday announced that it will acquire Foodpanda’s India business. In the bargain, the food delivery business in the country is likely to get a big boost, much to the delight of couch potato foodies. Read More

Apple reported strong quarterly results ahead of the iPhone X launch on Friday, with iPhone sales at 46.7 million unit, up from 45.5 million in the year-ago quarter. The company posted quarterly revenue of $52.6 billion (roughly Rs. 3,39,595 crores), an increase of 12 percent year-over-year (YoY), with international sales accounting for 62 percent of the revenue. India revenue doubled year-over-year, though the Read More

Saudi Arabia on Thursday unveiled a 72 billion-riyal ($19.2 billion) program to bolster private-sector growth, with money to support housing construction as well as fee waivers for small businesses, Commerce and Investment Minister Majid Al-Qasabi said. The package, part of a four-year, 200 billion-riyal stimulus program announced last year, contains 17 separate initiatives the government hopes will result in direct and Read More