The plan includes expanding the number of flights of AI Express from 204 a week to over 250 a week with a new thrust on West Asia.
At present, when Indian corporates declare dividends, a dividend distribution tax is slapped at 15 per cent.
The Japanese giant will also consider increasing its capacity, which could mean a new plant or expansion of existing units, after its ongoing expansion to 500,000 vehicles is completed in phases.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
The proposal gains significance because the merger plan was given a quiet burial under former telecom minister A Raja.
The conclave also focused on the need for more spectrum, a key issue for India.
Google will also use artificial intelligence to provide customers with more solutions.
In an interview at the GSMA conference in Barcelona on Tuesday, Mittal broke his silence on the scam and the very public spat between Tata Teleservices and Reliance Communications: "My plea is that the industry shut their mouths; zip up and let the various investigative agencies do their job," he said.
As it firms up its telecom re-entry strategy, Reliance Industries subsidiary Infotel Broadband has told telecom tower companies that it will pay only half the prevailing rental for towers taken on lease.
Four years after buying Novelis, a company three times its size, Hindalco is now banking on the Atlanta (US)-headquartered aluminium rolling and recycling major to fund its Rs 23,000-crore expansion plan in India.
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
With Reliance Industries openly expressing displeasure about the merger between its joint venture gas partner, Atlas Energy, with Chevron, all eyes are now on Atlas' special shareholder meeting on February 16, called to approve the proposed merger.
After 15 months of negotiations, the Aditya Birla Group has finally agreed to buy out the US firm Columbian Chemicals Company (CCC) for $875 million from One Equity Partners, the merchant banking arm of JPMorgan Chase. This has catapulted the group to become the world leader in carbon black with a combined two million tonne annual production.
Foreign cigarette companies could soon find it harder to sell their products in India. The government is looking into a proposal to ban foreign direct investment (FDI) in the wholesale marketing arms of these companies. It is also exploring the possibility of shifting the import of tobacco products from the open general licence (OGL) to the restricted list.
The Aditya Birla Group is in acquisition mode again. It appears set to acquire US carbon black manufacturer Columbian Chemicals. According to two independent sources, negotiations are at the last stages, and a deal is expected to be announced next week. The size of the deal, said these sources, is expected to be around $900 million (Rs 4,100 crore).
Five months before the put option window closes, JP Morgan has come out with a report stating that Essar's stake in Vodafone Essar is around $2 billion, which is far less than what the shareholder agreement between the two companies in 2007 envisaged.
The Mumbai-based Shah family of the diversified Anchor Group has decided to put its FMCG portfolio of oral care and personal care products on the block, according to two independent sources.
A stake sale deal between Patni Computer Systems and iGate is on course, but has been delayed due to procedural issues.Sources involved in the deal said they include tax-related developments and offshore transaction fees.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
Vinod takes centrestage as Pramod stays away from deal; uncertainty over the latter's continuity on Ispat board.
