macro Supreme Court virtually shuts the door on Ruia attempt to get back Essar Steel The apex court finds Rewant Ruia’s ‘looming presence’ in Numetal and asks the company to clear ₹45,000 crore of debt-owed by Essar Steel’s promoters to be eligible to bid for the steel maker. By Debabrata Das
macro Borrowing cut of ₹70,000 crore shows govt confidence on fisc Ministry of Finance expects to make up the difference through reduced buyback of government securities, additional flows from small savings and the introduction of retail-inflation indexed bonds. By Debabrata Das
enterprise Marriott takes on Indian hotel majors with asset-light strategy Marriott shot into the big league in India following an asset-light model, post the acquisition of Starwood Hotels. In doing so, it has locked horns with incumbents like Taj and Oberoi. By Debabrata Das AND Aveek Datta
macro Supreme Court upholds validity of Aadhaar While ruling that the collection of data for Aadhaar does not violate the fundamental right to privacy, the apex court has set riders on the use-cases for the biometric-data-based unique identity. By Debabrata Das
enterprise DCM Shriram: Low on sugar Delhi-based industrial group DCM Shriram is hedging its bets by not putting all its business eggs in one basket. By Debabrata Das AND Ashish Gupta