Prem Watsa-owned Fairfax India Holdings Corporation has proposed buying a majority stake in private lender Catholic Syrian Bank. Fairfax has formally indicated its interest in acquiring 51 percent stake in the bank at a mutually agreed price of Rs 140 per share, CSB said in a media statement today.
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The corporate parent of supermarket chain Winn-Dixie may file for bankruptcy as soon as March. Bloomberg also reported that the Winn-Dixie's corporate parent Bi-Lo LLC plans to close nearly 200 of the supermarket chain's locations either before or after filing for bankruptcy. In previous corporate
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The availability of cheaper smartphones and data in the country is likely to cause Indians' digital spends to reach $100 billion by 2020. The key drivers will be more Indians logging online to shop or book their air or railway tickets and hotels, opting for financial services online, and also watching online
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The owner of Tops Friendly Markets reportedly is exploring filing for bankruptcy and it could come as early as next as next month, according to a report from Bloomberg. The supermarket chained is based in Williamsville, Erie County, and has about 170 stores in four states, including a number in the
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Following are excerpts from a CNBC interview with Bob Moritz, Global Chairman of PwC, from the World Economic Forum 2018 by CNBC's Akiko Fujita.
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