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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
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
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.
William S Pinckney was arrested by the Kerala police for alleged violation of the Prize Chits and Money Circulation Schemes (Banning) Act.
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
To bring clarity, the department clearly defines terms such as promoter and competitor.
No respite in sight as not many big deals, initial public offerings in pipeline.
Need for much more investment; sector would like govt help
DoT decides not to scrap dual-technology telecom licences
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.
Adjusted gross revenue of the industry has grown just 5.3 per cent during the financial year ended March 31
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
It is not without reason that Japanese consumer electronics companies such as Sony, Panasonic, Hitachi, Daikin and Sharp are investing significant sums in India.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
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