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.
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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.
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Last fortnight, 206 companies from the BSE-500 hit 52-week lows as investors sold heavily in counters with dimmed prospects.
RIL, Essar, Adani have sounded bankers to raise funds abroad in the coming weeks
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.
We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.
Needs funds for Odisha plant expansion, to cut high debt.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
Foreign investors keeping off; inflows into bonds also likely to improve if RBI resumes rate cuts.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
The onus is on you to reject financial products that don't suit your needs.
Asset sales have helped ease investors' worry but debt remains at alarming levels
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
SBI says recovery process on as no court stay yet.
Many top firms have had to write down their investments, as the value of those have collapsed due to sluggish biz conditions.
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