India's ace deal-maker explains what allowed him to represent both Dhirubhai Ambani and Nusli Wadia while being on Essar Shipping's board.
The existing company is expected to continue as the holding arm of its huge real estate assets.
Major shareholders to buy workers' shares in northern gardens.
The move comes amid complaints that high returns are being promised by life insurers on ULIPs accompanied by non-existent guaranteed returns.
Insurance companies are expected to get greater leeway in investing policyholders' funds with the addition of mortgage-backed securities to the list of approved investments.
An interview with Bajaj Hindusthan Limited CEO Kushagra Bajaj.
Shishir Bajaj, the estranged brother of group patriarch Rahul Bajaj, and his son Kushagra have sought a 25 per cent share in the assets controlled by these trusts.
The company reportedly in talks with a dozen firms overseas for an acquisition.
Soon standalone health insurance companies will be governed by separate regulations
Board meetings of two holding companies stayed.
Iron ore prices are expected to fall in next couple of months following the imposition of duties on exports.
Sources close to the development said Lavazza would acquire the majority stake in Barista from ace investor C Sivasankaran
In a move aimed at consolidating its Indian operations, Swiss cement major Holcim will increase its control in ACC and Gujarat Ambuja Cements for close to Rs 2,700 crore (Rs 27 billion).
Tata Steel may opt for a rights issue to raise funds to finance its $13.13 billion purchase of the Corus group
Although both parties were tightlipped on the details of the lawsuit, which was served on the company's US subsidiary this week, sources in the know said its financial implications would be huge if the court verdict goes against Novelis.
Public and private sector insurance companies are forming alliances to bid for state-run carrier Air-India's aviation cover worth $3.5 billion.
Continuing with its move to position itself as a beverage marketing company, Tata Tea is set to divest 80 per cent in its North Indian Plantation Operations, which is being spun off to a handful of investors and workers.
Corus Group chairman Jim Leng will receive an addition payment of pound 750,000 (Rs 6.41 crore) for turning around the Anglo-Dutch steel maker in the past two years.
The Mumbai-based Arch Pharma has raised $27 million from private equity funding in the last four years
Suzlon's Rs 6,000 crore (Rs 60 billion) bid to acquire Germany's third largest wind turbine maker REpower could well turn into a bidding war
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