Life Style

Vodafone, Idea announces merger and plans to roll out 5G in India...
21 Mar 2017 Published by Rahul Verma 372 Views

Vodafone Idea MergerIn effort to wither away the ongoing war in wirelesss telecoms, Vodafone and Idea Cellular has announced merge, excluding Vodafone’s 42% stake in Indus Towers Ltd, to create India’s largest telecom company with a total revenue of over Rs 80,000 crore. Vodafone will be a dominant partner in the merger with 45.1% stake after it will transfer a stake of 4.9% to the Aditya Birla group for Rs3,874 crore to complete the merger.  “The promoters of Idea have the..

Aditya Birla Fashion to enter in agreement with Forever 21 in India for $26 mn...
06 Jul 2016 Published by Rahul Verma 534 Views

Aditya Birla Fashion and Retail (ABFRL) will take care of clothing brand 'Forever 21' in the Indian market for USD 26 million (around Rs 175.52 crore) transactions under MoU.“The company has executed a business transfer agreement with Diana Retail and DLF Brands for acquisition of the business undertaking of Diana Retail... under the Forever 21 brand and also through e-commerce channel on a going concern basis, in the Indian market," reported ET. Diana Retail is the franchisee of Forever 21 br..

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