Top News Podcast: Tata wins Air India; Reliance 1st Indian firm to hit Rs 18 lakh crore market cap and more

Episode 127,   Oct 08, 2021, 02:59 PM

Air India is all set to return home to the Tata Group as Tata Sons on Friday won the bid to acquire the national carrier. The group bid an enterprise value of Rs 18,000 crore out of which Rs 15,300 crore is for debt to be retained and Rs 2,700 crore is for cash consideration.

Meanwhile, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) became the only company in the country to touch a market capitalisation of Rs 18 lakh crore.

In this edition of the Top News Podcast, CNBCTV18.com’s Kanishka Sarkar shares an update coal crunch in India, the Zee-Invesco battle and why the Delhi High Court refused to allow IndiGo promoter Rakesh Gangwal’s plea to enforce an arbitration award given by a London court.

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Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.