Tax liability insurance is a key negotiation tool used by companies and advisers when a potential tax exposure has been identified and neither party is willing to bear the risk.
The interested companies include Emami and Dabur.
While listing can be good, success depends on sentiment and performance.
Profits of domestic brokerages fell substantially in the quarter ended March 31, thanks to subdued participation of retail investors and continued increase in the share of the low-margin options segment in the overall market volume.
The anti-depressant drug market in the US is primarily ruled by Effexor XR (Venlafaxine) of Wyeth (now owned by Pfizer).
If the deal materialises, Angel will have to pay at least Rs 800-1,000 crore (Rs 8-10 billion) for a 51 per cent stake, valuing the brokerage at Rs 1,500-2,000 crore (Rs 15-20 billion). The talks are at an early stage.
With global investors shifting focus from developed to emerging markets in the last few days, India has emerged as a major beneficiary.
An ETF is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities or bonds.
The rise in material prices and excise duty is set to raise the prices of liquor brands across the country. According to officials of various companies, the brands will be costlier by 15-20 per cent from April.
The Chhabria-promoted Rs 1,200 crore (Rs 12 billion) Allied Blenders & Distillers will launch two brandy brands in South India next month.
Consolidation seems to the key word among private equity (PE) backed companies. In the first few months of 2011, about 20 merger & acquisition (M&A) deals worth $150 million took place.
Luckily for him, the bumps on the way got forgotten, thanks to his expertise in earning high returns for investors through patient exits.
Gati Coast to Coast was set up in 1986 as a service provider for all sea-bound cargo in the Bay of Bengal, Andaman Islands and Malacca Straits.
During his tenure with the group, Bagchi has held several key positions in retail banking, corporate banking and treasury.
Macquarie-SBI Infrastructure Fund (MSIF), one of the largest in this category in India, run by Macquarie SBI Infrastructure Management Pvt Ltd (MSIT), is in an advanced stage of talks with a shipping port company to make an investment of about Rs 1,000 crore ($200-220 million).
Gitanjali Gems plans to hive off various businesses.
Inflation and political unrest in Egypt will haunt shares in the near term
The automobile services segment, from radio taxi services to used cars, is seeing increased interest from venture capital (VC) investors.
Smart order routing (SOR) has finally taken off in India, with the country's two premier bourses resolving their long-standing dispute over the audit trail of orders. SOR allows brokers' trading engines to automatically choose the best price for stocks from multiple exchanges.
To make its stock market investments transparent and avoid further controversy, Life Insurance Corporation (LIC) has discontinued deals that were first negotiated over the telephone and then executed on the stock exchange platform, according to brokers familiar with the matter.
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