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Why Ambani and Jindal see future in debt-laden Future Group

Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindal s Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on India s growing organized retail sector. ....

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Future Enterprises: Why Ambani and Jindal see future in debt-laden Future Group, ET Retail

Future Enterprises: Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindal s Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on India s growing organized retail sector. ....

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Steel magnate Sajjan Jindal could soon become a strong force in Indian auto market

The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford s factory in Chennai through a new entity. Concurrently, Jindal is actively engaged in discussions with the Chinese auto company Leapmotor to secure a technology license for manufacturing electric vehicles. ....

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MC Interview| Will be watchful of steel supplies getting diverted to India as demand remains strong: JSW Steel CEO

On track for Rs 20,000 crore capex for FY24, the company has already spent Rs 8,000 crore in H1. The government’s infrastructure push is expected to benefit the company. ....

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JSW Steel Q2 Result: Net profit at Rs 2,773 crore on low fuel cost, high sales

The Sajjan Jindal-led steel giant reported quarterly consolidated total income of Rs 44,821 crore in the September quarter as against Rs 41,966 crore a year ago. ....

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