The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Accumulated sum Rs 31,500 crore in 2015-16
All shares held by SBI in the five associate banks will stand cancelled after merger.
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
'I want to leave behind the bank stronger and better than when I took over.'
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
This shortfall could continue to hurt loan growth in 2016-17.
'The idea is to align the HR policies and work culture with changing times'.
Under this service, SBI will give services in person or through remote mode.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis
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