BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
Essar Global Fund, the Ruia company that invested $1.3 billion in telecommunications, towers and business process outsourcing over the years, made $6.5 billion, a five-fold return, when it flipped these businesses, according to discussions the group has had with merchant bankers.
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
Looking to monetise assets not in Reliance Capital's core area of business.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
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.
Move to accelerate investments; Japan to have a share in corpus
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
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%.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
Senior government officials said the company would be allowed a harmonious exit.
Shift to new business model to help companies cut capital cost, increase margins.
Supertech also plans to file an SLP in the Supreme Court.
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.
