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Lawyers say open offer must for twin stake purchase to meet Sebi rules.
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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
No respite in sight as not many big deals, initial public offerings in pipeline.
Scott Price is learnt to have conveyed to Sharma that Walmart remained committed to the India market.
We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.
Needs funds for Odisha plant expansion, to cut high debt.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
An official said next week, the Department of Industrial Policy and Promotion was likely to issue clarifications sought by the sector on the government's multi-brand retail policy.
SBI says recovery process on as no court stay yet.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
Many top firms have had to write down their investments, as the value of those have collapsed due to sluggish biz conditions.
CEOs point fingers at rural job guarantee and related govt welfare schemes; say mechanisation an increasingly viable option.
Lack of time was cited as the main reason for Bharti Chairman Sunil Mittal's exit from the Unilever board.
FDI policy for multi-brand retail has been a sore point for the retail chain.
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