The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
'I want to leave behind the bank stronger and better than when I took over.'
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
The founders of Gland Pharma, led by Ravi Penmetsa, and KKR, together own 96 per cent of the company.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
This shortfall could continue to hurt loan growth in 2016-17.
Under this service, SBI will give services in person or through remote mode.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Unlike last year, investors turn cautious on e-commerce sector.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Employee integration and branch rationalisation are major challenges.
The numbers in India may not be as big but the opportunity for serious growth is all there.
New SDR norms allow promoters to manage debt-laden firms.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
The e-tail venture plans to initially offer apparel, electronics and footwear products.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Two members recommended bringing down the rate by 50 bps in the April policy.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
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