With a new higher tax regime coming into effect from the new financial year, top corporates and wealthy investors are in a rush to restructure their shareholding.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end.
Equity markets in Pakistan and Bangladesh are tiny compared to the market capitalisation of the Indian equity market.
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Mistry indeed followed standards of corporate governance so that it should not create any controversies at a later date
Dividend pay-out by the group companies grew at a compounded annual rate of 15.7% under Cyrus, sharply up from 2.5% in the previous three years
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
