Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
Carrefour had in July announced it was exiting the India market
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
Poddar-Mallya agreement on running MCF likely to be re-worked.
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
The company recently completed its full integration at the Tirupur unit.
Crowds expected from Gujarat and other states
At least a dozen officers from Gujarat are handling key assignments in various important central positions
After clearance in 2012, single-brand showpiece still to decide on a single location, with first store unlikely before 2017.
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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
In a curious turn of events on Wednesday, Prime Minister Narendra Modi picked Rajeev Topno, a 1996 batch Indian Administrative Service officer from the Gujarat cadre and a part of the Prime Minister's Office under former PM Manmohan Singh, as private secretary.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
Narendra Modi, who used to tweet frequently, is said to have decided to maintain a single voice on Twitter after becoming prime minister. Nivedita Mookerji reports
Mukesh Ambani, the new media mogul of country, has his strategy cut out. For the ETV bouquet of channels, the focus would be the general entertainment channels (GEC).
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
Today, the company has created a portfolio of vibrant world-class brands.
The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
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