The company will wait for sizeable user base for better valuation.
Provisioning for bad investments, finance costs shoot up in FY14.
With Uber dipping into its generous war chest to subsidise its service, its pampered clientele should sit back and enjoy the ride.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
In January this year, Tata Sons invested an additional Rs 2,500 crore (Rs 25 billion) in Tata Teleservices which was used to repay loans of the wireless telephony company.
The company had appointed a three-member committee of directors to implement the changes.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
The company needs Rs 2,000 crore more in 2 years to repay debt.
Sushma Swaraj has fought battles fearlessly, lost a few, and won many. By rights, according to many, she is the one who should have been declared the Bharatiya Janata Party's prime ministerial candidate for this year's general elections. But that didn't happen. Is that why she is so quiet these days?
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Madhu Kishwar, noted activist, has raised eyebrows with her stand on Narendra Modi, another instance of her long insistence on questioning of peer opinion, notes Aparna Kalra.
Madhu Kishwar, noted activist, has raised eyebrows with her stand on Narendra Modi, another instance of her long insistence on questioning of peer opinion.
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
Going forward, Vinita Bali, outgoing MD, Britannia wants to do other things in life which she was unable to pursue.
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