Only one in five handsets sold in India this year is likely to be made locally.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
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.
Unlike Reliance Jio's focus on 4G, it plans to segment the data market based on device prices and spectrum.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
The market could see a fresh round of tariff war, similar to what happened in the voice market a few years ago.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
Components manufactured in India are low-value products like casing and box packaging that constitute 5% of the bill for materials required in phone manufacturing.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
The debt-laden company, which recently won its first railway construction project, is looking at a four-fold increase in its order book next year.
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
Extending its new device plus data plan to more smartphones, the operator is keen to capture the youth's attention.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
Many of the industrialists profiled in the book are no longer riding the wave of success.
DFS writes to departments that haven't responded to RBI's request for information.
Acquisitions, slowdown put infra major in a spot, with bankers okaying debt restructuring.
Calls from Viber to other users of the app are already free.
