Warburg Pincus front-runner for controlling stake in Ebco

Mumbai: Global private equity firm Warburg Pincus is the front-runner to acquire a controlling stake in furniture hardware maker Ebco, two people aware of the matter said. Promoters are planning to sell up to 74% stake in the Mumbai-based company for ₹3,500 crore. Geoffrey Nagpal and family, who own the company, may retain a minority … Read more

Vi gets fewer consumer complaints, aims to bolster customer retention

New Delhi: Vodafone Idea has been able to keep customer complaints low, with 60% of service requests being handled digitally, up from 40% last year, a top executive said. Lowering customer churn and reducing the number of people who choose to move away from the telecom service provider to its rivals is key for it … Read more