Ahead of the board meeting that afternoon, in fact only minutes before that, then chairman Cyrus Mistry was given an opportunity to step down, it is learnt. But, Mistry declined
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Among the businesses that need consolidation are retail and defence
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
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.
Advertisement on mygov.in gets 8,000 applications and counting; govt to maintain bank of CVs for future use
Accumulated sum Rs 31,500 crore in 2015-16
Assets worth only Rs 4,000 cr declared till mid-August; govt expects pick-up in last 2 weeks
February 6 or 8 likely options; development will be the main theme
PM app downloaded 2.5 million times, to see 20-fold growth in user base
Even so, the PM's cash in hand is among the lowest when compared with his Cabinet colleagues
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
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