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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The big-ticket purchase is part of a trend where the super rich are ready to fork out eye-popping sums for independent mansions, a scarce commodity in the city.
Mahatma Gandhi’s idea that the wealthy must act as trustees of their wealth for the larger good of the people and avoid ostentatious displays of it seems to have finally received a burial. India’s ever growing population of billionaires seem to have cast off their socialist baggage. Once and for all.
If Mukesh Ambani set off the trend of splurging out on a home with his estimated $1 billion skyscraper (land and building costs taken together) in 2012, Radhakishan Damani, the reclusive stockbroker-turned-business magnate who owns the DMart chain of retail stores, took it to a whole other level with …
The retailer has shrunk operations to fix its loss-making vertical. But a reduced presence risks hurting volumes in a segment dominated by Blinkit and Instamart.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Surprisingly strong metrics alongside aggressive expansion mask a lurking balance-sheet risk. Moreover, competition is not going to be kind to the retail giant any time soon.
