Reliance Industries is acquiring Network18 Media & Investments Limited for Rs 4,000 cr. Independent Media Trust, owned by Reliance, will acquire 78% in NW18 and 9% in TV18. This is easily one of the largest take overs in the Indian media business.
The BJP government at the center is against Foreign Direct Investment in Multi-brand retail. Nirmala Sitharaman, the Industries minister appointed by the BJP said on Tuesday that the party is not in favor of opening up FDI in retail.
The proposed Post Bank could start as a payment bank, making use of post office outlets to raise deposits and make payments
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