E-tailer war rooms ready for festive sales from today From conducting extensive checks and optimising backroom tech to organising masseuse-on-call, midnight jam sessions and buffet for their employees, the three big e-tailers — Amazon India, Flipkart and Paytm Mall — are stocking up war rooms hours before they head for festive sales. The e-commerce players, who would start their festive season sales on Wednesday, are not only preparing their teams for the coming marathon but also ensuring that employees have all the comforts to wade through the next couple of days. Read moreTop ministers brainstorm on ways to boost growth
The government has swung into action to draw up a blueprint to revive the economy after gross domestic product (GDP) growth slipped to its lowest level under the Narendra Modi government, on the back of a slowdown due to demonetisation and the introduction of the goods and service tax (GST). Read more
Record average deal size lights up IPO Street The average initial public offering (IPO) size so far this year has been the highest in the history of the domestic market aided by big-ticket offerings such as SBI Life Insurance and ICICI Lombard. Read moreJSW in talks with multiple investors for Bhushan bid
Sajjan Jindal-led JSW Steel is in discussions to tie up with multiple investors for its proposed bid for insolvency-facing Bhushan Steel. At this point, the discussions are on with Piramal-Bain fund, JFE Steel Corporation and private equity firm KKR. Sources said JSW was likely to bid "aggressively" for Bhushan Steel. The private equity players, who would provide funds, could exit after a few years, while JFE could be a technology partner and may even explore equity participation. The management of Bhushan Steel would be with JSW Steel if the consortium were to win the bid. Bhushan Steel has a capacity of 5.6 million tonnes. It had a debt of Rs 44,478 crore in FY16. Read more