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

HIGHLIGHTS LG V30+ is LG’s second flagship to launch in 2017 Floating Bar to replace trademark secondary display Has 128GB built-in storage compared to 64GB on the V30 Launched originally in August at IFA 2017 the LG V30+ is now finally making its way to Indian shores on December 13. LG India sent out media invites for the launch event that is set to take place in New Read More

Riding high on the Honor 7X launch in India, the company is also planning to bring in more sub-Rs. 10,000 phones next year, George Zhao, Global President, Honor, said in London on Wednesday. “In three years, we want to be number one in India. We will launch more budget phones or sub-Rs. 10,000 phones in India next year,” Zhao told IANS in an Read More

HIGHLIGHTS Bridge Constructor Portal release date is December 20 It will hit PC and mobile first Consoles will get it early 2018 Portal 3 might not be a reality anytime soon, but that hasn’t stopped Valve from allowing other developers to use its license. Bridge Constructor Portal appears to have been leaked earlier than expected — with a speculated official 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

The New York Stock Exchange. Photograph: Drew Angerer/Getty Images City unhappy about Barnier’s Brexit views Britain’s financial sector has reacted badly to the news that Brussels won’t accept a special deal for the City of London after Brexit. Michel Barnier, the EU’s chief negotiator, told the Guardian that the UK couldn’t have a bespoke deal that gave preferential treatment to certain Read More