Four proposals by foreign firms deferred; half a dozen others waiting in the wings.
Regulator puts price at average of 1.65 times 3G cost; Sibal's approval needed for rollout.
India's largest diversified media conglomerate Bennett, Coleman and Co Ltd (BCCL), popularly known as the Times Group, has joined the race to pick up a majority stake in the two sports channels of Nimbus Communications.
The countdown for BG's stake sale in Gujarat Gas Company (GGCL) begins tomorrow. Three months after BG made its intention of divesting its stake clear, over half a dozen potential bidders are likely to submit non-binding bids for BG's 65.12 per cent stake in the country's largest natural gas distributor by sales.
Shree Cement may join race; units in 3 more African countries may be sold.
It was in 2009 that the accounting regulator set up a special disciplinary committee, comprising six members, to look into the fraud in Hyderabad-based IT firm.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
The approval will, however, be subject to the regular conditions on valuation and pricing norms laid down by the Reserve Bank of India.
A rollback or dilution of the policy is not the only fear these multinationals have; they are also facing upfront political opposition.
Retailers need to get up to 50 permissions from a state government before they can start a new store. And, the permissions required include things like valet parking, use of insecticides, chillers and freezers or sale of non-vegetarian processed food.
The joint letter to Manmohan Singh was written by Sunil Mittal, chairman of Bharti Airtel, Kumar Mangalam Birla, chairman of the Aditya Birla group which has promoted Idea Cellular, and Vittoria Colao, chairman of Vodafone Group Plc.
The latest available data from the Reserve Bank of India show a 77 per cent jump in the FDI in the first half of the current financial year (April-September), compared to what was $19.5 billion the same period a year ago.
His debt woes may continue and losses double, but the King of Good Times was clearly in a defiant mood at a press meet in a packed venue in a suburban hotel in Mumbai on Tuesday.
The country's largest car maker has come under the spotlight for working out a quiet settlement with union leader Sonu Gujjar and other workers by paying them Rs 16 lakh (Rs 1.6 million) each, much more than they would have got under a normal severance package or voluntary retirement scheme.
DoT has stated in an internal note that the 3G roaming agreements between these three companies are tantamount to their becoming mobile virtual network operators, something not allowed under the current policy.
British consumer goods major Reckitt Benckiser, which bought over local start-up Paras Pharmaceuticals for a staggering Rs 3,260 crore (Rs 32.6 billion) last year, is converting its acquired Baddi plant in Himachal Pradesh into a global hub for manufacturing over-the-counter (OTC) pharmaceutical products.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
India had threatened to stop Swiss, which, as the designated airline of that country, 'violated' a vital clause called the substantial ownership and effective control, mandated under the bilateral air services agreement between the two countries.
The new telecom policy-2011 is also expected to come out with new norms for mergers and acquisitions, enhancing rural coverage, and spectrum allocation, among other things.
