Dev Chatterjee, Samie Modak

Stories by Dev Chatterjee, Samie Modak

Courts' nod for recast of Mukesh's personal firms

Courts' nod for recast of Mukesh's personal firms

Rediff.com   14 Jan 2013

Reliance Industries Holdings will now directly own stakes in Reliance Ports & Terminals, Reliance Gas and Transportation and Reliance Utilities and Power.

McDonald's seeks higher royalty from India arm

McDonald's seeks higher royalty from India arm

Rediff.com   9 Jan 2013

Hardcastle Restaurants to pay royalty of 8% of net sales by 2020, against the current 3%.

India Inc pays directors far less than Cos Bill ceiling

India Inc pays directors far less than Cos Bill ceiling

Rediff.com   20 Dec 2012

Average salary of the 100 best-paid directors is 1% of their companies' net profit.

Sebi unhappy with govt move on hike in LIC holding cap

Sebi unhappy with govt move on hike in LIC holding cap

Rediff.com   17 Dec 2012

Regulator fears the insurer may get away without making an open offer.

Investors lap up CARE Ratings public issue

Investors lap up CARE Ratings public issue

Rediff.com   12 Dec 2012

Garners a little over 300,000 retail applications Bharti IPO subscribed 15 per cent on Day One.

India Inc springs into action to pare promoter stakes

India Inc springs into action to pare promoter stakes

Rediff.com   23 Nov 2012

Aims for share-sale before US holiday season, 'fiscal cliff' kick in

Tatas to trim Tata Sky stake, Temasek to exit

Tatas to trim Tata Sky stake, Temasek to exit

Rediff.com   23 Nov 2012

Temasek is exiting by selling its 10 per cent stake while Network Digital Distribution Services will pare part of its 30 per cent stake.

Sebi mulls exempting govt from open offer obligation

Sebi mulls exempting govt from open offer obligation

Rediff.com   20 Nov 2012

It intends to exempt the government from making the mandatory open offer to buy an additional 26 per cent from minority shareholders if its stake in a company crosses 25 per cent.

No takers for Siva's Tata Tele stake

No takers for Siva's Tata Tele stake

Rediff.com   16 Nov 2012

Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.

Britannia to boost its regional portfolio

Britannia to boost its regional portfolio

Rediff.com   8 Nov 2012

Company proposes to in-source manufacturing and build healthy portfolios of national and regional brands.

Birlas take control of MF venture with Sun Life

Birlas take control of MF venture with Sun Life

Rediff.com   7 Nov 2012

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.

MCX-SX to go live after registering 350 members

MCX-SX to go live after registering 350 members

Rediff.com   3 Nov 2012

To launch technology infrastructure on Nov 18.

Rigged IPOs: Firms flout Sebi directive

Rigged IPOs: Firms flout Sebi directive

Rediff.com   2 Nov 2012

Since 11 months, Sebi has not been able to make these companies deposit the required money in an escrow account.

Birla may take majority stake in Living Media

Birla may take majority stake in Living Media

Rediff.com   31 Oct 2012

Talks in final stages, but both sides deny move.

Safety net would have hit 25% IPOs since '08

Safety net would have hit 25% IPOs since '08

Rediff.com   24 Oct 2012

At least 43 of the 175 issuers would have been hit if proposed mechanism had been in place before the R-Power IPO.

Slew of share sales could hit the market

Slew of share sales could hit the market

Rediff.com   22 Oct 2012

Given the sharp rally in stock prices since September, coupled with robust foreign inflows, share-sale activity by companies is likely to gather pace in the next few weeks.

Actis talks to Tesco, 7-Eleven for Nilgiris stake sale

Actis talks to Tesco, 7-Eleven for Nilgiris stake sale

Rediff.com   19 Oct 2012

Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.

Sebi may issue trade annulment framework

Sebi may issue trade annulment framework

Rediff.com   12 Oct 2012

While the regulator has set up a group to look into trade annulment framework, it is also probing whether there was any breach of regulation at the broker or exchange level.

Recession eroded $12 trillion of household wealth

Recession eroded $12 trillion of household wealth

Rediff.com   10 Oct 2012

Worst affected were the countries of euro zone, which saw a loss of $10.9 trn

Market sees sunshine as GAAR clouds disappear

Market sees sunshine as GAAR clouds disappear

Rediff.com   3 Sep 2012

The government is trying to send a signal it wants to stimulate the economy and the stock market.