The countdown for BG's stake sale in Gujarat Gas Company (GGCL) begins tomorrow. Three months after BG made its intention of divesting its stake clear, over half a dozen potential bidders are likely to submit non-binding bids for BG's 65.12 per cent stake in the country's largest natural gas distributor by sales.
One effect of the globalisation of Indian business has been the rise in the grant by companies to staffers of employee stock options.
Communication has instilled a sense of trust and belief among the employees.
Most companies see the next few quarters as a period of uncertainty and are trying to shift costs from fixed to variable.
Clients picky on various heads; vendors need to maintain share.
The FDI floodgates have opened mega opportunities for not only brick-and-mortar retailers, but for their virtual peers as well.
BPCL plans to save Rs 500-800 cr, while HPCL eyes 10% reduction in total costs.
RIL, which had over 1,470 retail outlets, is said to be running only 350 of those at present.
It is in talks with a local player for a discovered asset so that it can have a ready cash flow in one or two years.
Indiagames is a leading developer and publisher of mobile and online games.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
Mumbai-based business process outsourcing firm Firstsource plans to sell US-based MedAssist, a health care business it acquired in 2007. Firstsource had paid $330 million for the acquisition.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
Proposed format to have real-life scenarios that mirror the kind of thinking students need at graduate-level work.
The Internet Corporation of Assigned Names and Numbers' (ICANN) decision to expand gTLD (generic top-level domain) names on the internet to include almost any name (even .anything), is foxing both users and registers. It has also raised fears of online trademark violations and cybersquatting.
The company is in talks with BG India and Italian E&P major, ENI.
Ashutosh Vaidya, head, Wipro BPO Solutions, and Deepak Jain, head, Technology Infrastructure Services, have put in their papers, said the sources. The reasons for the resignations could not be confirmed.
At present, at least, five over $500-million deals are being discussed for potential acquisition.
The move will require modifications in Companies Act.
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