Mumbai: Reliance Capital Ltd has sold a less than 1 per cent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for Rs. 275 crore ($41.25 million), a source with direct knowledge of deal said on Tuesday. The deal valued One97, which owns and operates India’s ... Read More »

NEW DELHI: In the biggest consolidation deal in India’s telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore. RCom and Maxis Communications Berhad (MCB) hold 50% each in the merged entity with equal ... Read More »