The sale of the BPO business, run by Citigroup Global Services (formerly e-Serve), is expected to fetch around Rs 3,200 crore for the group. At this price, it will be the largest deal in the domestic BPO space.
The Essar group's proposed acquisition of Minnesota Steel is likely to be delayed, with the US state authorities taking time in providing the infrastructure required to move the project.
Given the spectrum crunch, it is not clear when the company will get a licence. India is the world's second-fastest growing telecom market and several companies, including Himachal Futuristic, have applied for mobile licences.
Recently, a fund manager with an exposure of $500 million in India, was busy entertaining representatives of a Danish pension fund and a Japanese delegation that were keen to invest in India.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
Swiss firm to acquire 10-15% stake in the hotel chain.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Sources close to the development said senior executives of these three companies recently visited the facilities of Stelco, which was put on the block last month.
Real estate: Building contractors hike fees as demand booms.
Under the current system, companies apply to state governments, which in turn recommend the shortlisted entities to the central government.
As attrition rates reach unprecedented levels in the retail sector, companies are fighting back with a mix of measures including salary hikes, incentive-based targets, connecting emotionally with staff and even selling them the "American Dream".
Agarwal built Vishal Retail from scratch into a chain of highly lucrative hypermarkets and discount superstores.
Finance ministry officials are of the view that current restrictions that prohibit FDI in multi-brand retail cannot be extended to franchise agreements between an Indian company and an overseas partner.
Chairman A M Naik told Business Standard the "verticalisation" effort is aimed at ensuring better corporate governance as well as attracting talent to the 70-year-old company.
The Life Insurance Corporation has decided not to nominate any retired employee as a director on the board of the almost 90 companies in which it has equity or loan exposure.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
Tata Steel has lost the bidding battle for Vietnam's Vinausteel and SSE Steel after losing a vote on the resolution for its sale and purchase agreement by Vietnam Industrial Investments, the parent company of the two steel makers.
Six months after acquiring Anglo-Dutch steel giant Corus, Tata Steel has put the foreign company's aluminium business on the block.
The list, posted on a website link launched by the US regulator, includes ABB, HSBC, Nokia, Unilever, Cadbury, Total and Siemens among others.
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