Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.
Interview with chairman, Vedanta.
Guarantees given to overseas arms under I-T scanner.
Claim could be over fee for guarantees given for loans to acquire Novelis.
Companies in India would empathise with Dell as their delisting experience hasn't been easy, either.
Say will take up the issue with the HUL management.
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
Birla takes over as chairman after his group increased its stake to 51 per cent in November 2012 from the earlier 50 per cent.
Reliance Industries Holdings will now directly own stakes in Reliance Ports & Terminals, Reliance Gas and Transportation and Reliance Utilities and Power.
Hardcastle Restaurants to pay royalty of 8% of net sales by 2020, against the current 3%.
Average salary of the 100 best-paid directors is 1% of their companies' net profit.
Temasek is exiting by selling its 10 per cent stake while Network Digital Distribution Services will pare part of its 30 per cent stake.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Company proposes to in-source manufacturing and build healthy portfolios of national and regional brands.
The Aditya Birla group, led by Kumar Mangalam Birla, has taken charge of its mutual fund joint venture with Sun Life Financial of Canada by buying 1 per cent stake from the latter.
Talks in final stages, but both sides deny move.
Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
The Institute of Actuaries of India has formed a technical group and is working out modalities in consultation with the Insurance Regulatory and Development Authority to set risk-based capital norms for the industry. Under the current Irda regulations, insurers are mandated to maintain a solvency margin of 150 per cent. Accordingly, insurance companies have to maintain 150 per cent of the amount underwritten by them in cash.
The fund will close in two tranches, with the first tranche of $ 100 million expected to close in two months. However, the company has not set any time-frame for raising the entire corpus of the fund. In addition, Dewan Housing Finance, the parent entity, is also looking to raise Rs 150 crore (Rs 1.5 billion) to bolster its operations. The fund-raising may also be in the form of equity dilution.
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