Lenders, with Rs 600-cr exposure to telco, want it to sell properties to repay loans.
Aditya Aluminium project ready but clearances still stuck for mine
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
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According to media reports, CBI is looking into the entire process at the then NDA government and has asked for information from the mines ministry.
Firm makes Rs 4,858-crore loss on Rs 10,799-crore income.
The Land Acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive for large infrastructure or real estate projects.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
Liability goes up by Rs 1,000 cr for every Rs 1 change in $ exchange rate
This could mean an end to the talks for a possible partnership between the two firms in the multi-brand retail space -- less than a year after 51 per cent foreign investment was allowed in the sector.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
RIL, Essar, Adani have sounded bankers to raise funds abroad in the coming weeks
The 4G service may use Reliance Retail, with a surging customer base, as the launch pad
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
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Lawyers say open offer must for twin stake purchase to meet Sebi rules.
No respite in sight as not many big deals, initial public offerings in pipeline.
Since January 2011, a third of firms making such offers failed to meet new floor; current penalties would have been hefty.
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