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Business News

After $13 billion levy ruling, future of India’s tattered telecom sector hinges on government aid

The Indian government’s win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country’s three main carriers.

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Trading Ideas

Ambani in Talks to Sell News Assets to Times Group

(Bloomberg) — Billionaire Mukesh Ambani is in talks to sell his news media assets to India’s Times Group, as Asia’s richest man plans to unload a business that’s been losing money, people familiar with the matter said.Bennett Coleman & Co., the publisher of the Times of India, is looking to hire advisers for due diligence on the news properties of Ambani’s Network18 Media & Investments Ltd., the people said, asking not to be named as the discussions are private. Ambani is considering various options, ranging from an outright exit to a stake sale, one of the people said.Talks are at …read more […]