In an e-mail written on February 4, the Anil Dhirubhai Ambani Group firm has asked Fame's promoter Shravan Shroff to explain why he sold his family's 43.28 per cent in Fame India to INOX Leisure for Rs 44 a share when Reliance had made a 'firm offer' to buy it for Rs 80 a share.
The central bank may hike CRR by 50 bps; some economists expect a rise in policy rates too.
Indian pharmaceutical companies, which are increasingly choosing to settle patent litigation with global drug majors in the US, would have to be more cautious now.
Phase-II yet to begin, will take three years to conclude.
Azim Premji, chairman of Wipro, met the chief minister and formally accepted the plot offered in New Town Rajarhat, on the north-eastern fringes of this city.
The Union government's move to initiate the process for a separate Telangana state has raised both political and business concerns.
DoT prepared an internal note last week also suggesting an alternate payment structure for winning bidders who do not get spectrum immediately.
On the second day of placements at the Indian Institutes of Technology, IIT Kharagpur saw IT biggies like Yahoo, Microsoft, and Adobe flock its campus, apart from companies like Amazon, JLLM, 3M and FICO.
SBI unions walk out of pact saying interests not served
Last year, placements at the engineering institutes were relatively subdued due to the slowdown in the economy. Many Tier-I and -II IT companies skipped campus visits. As a result, even the premier Indian Institutes of Technology (IITs) were able to achieve only 75-80 per cent placements. And many students had opted for higher studies or jobs in teaching.
Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed.
Though General Insurance Corporation of India has a majority stake of 40 per cent as the re-insurer, the rest was re-insured with global reinsurers.
For the first time in recent years, the number of applicants for the Common Admission Test has taken a fall. In spite of an extension of 10 days for the online registration of CAT, 241,000 applications registered this year, against 290,000 last year -- a 17 percent dip. The CAT exam is a pre-requisite for aspirants wanting an entry into top management schools.
Onion is selling for Rs 30 a kg in some parts of the country, as supply of the edible kitchen bulb has been choked by hoarders betting on further price rise due to floods in the main producing states of Karnataka and Maharashtra, government officials said.
The alliance between the Congress and the Nationalist Congress Party is on the rocks, in Pune.
Globally, as well as in India, most airlines pay their pilots a fixed salary. Private airlines in India pay an Executive Commander a salary from Rs 4,15,000 to Rs 4,35,000 per month. However, if the pilot flies more than 70-75 hours a month, he gets an additional payment for each hour flown, aboutr Rs 4,000 an hour.
The high-profile race to buy India's second-largest business process outsourcing (BPO) company, WNS Holdings, ended abruptly today after the company informed the US Securities and Exchange Commission (SEC) that it had decided to stop discussions with interested parties regarding a possible change of control.
TV moghuls are ramping up the home shopping segment as it sees 35 per cent annual growth. While shopping on TV has been available for years now, a majority of Indian shoppers still prefer to touch and feel before buying a product.
TCS, Infy, Wipro among those that have bagged a five-year deal.
The Air India building has 22 floors overlooking the Arabian Sea. Many floors are already leased out to other companies and it represents one of the costliest commercial real estate in both the city and the country. Air India made losses of Rs 5,000 crore (Rs 50 billion) in 2008-09.
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