Reliance Industries, the country's most valued company, is delaying its annual general meeting this year following non-receipt of approvals for merger of Indian Petrochemicals with itself.
Jet Airways Executive Director Saroj K Datta declined to comment, stating he has not got any circular from DIAL.
The US sub-prime loan market crisis is expected to temper cross-border mergers and acquisitions as Indian companies go slow on acquisitions.
The steel-maker will now have to pay 50 basis points more on this tranche of $1 billion with a seven-year tenure.
Mukesh Ambani's Reliance Industries is in talks to acquire an equity stake in Haryana-based Modern Dairies, which would strengthen its presence in the high-volume, low-margin liquid milk market.
No major price skirmishes expected; Passengers seem to prefer flights with a short stop-over.
JetLite, which was acquired by Jet Airways for Rs 1,450 crore, is operating three of its seven Canadian-built Bombardier airplanes. JetLite has a total 24 aircraft, including Boeing B737s.
The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
Airline sources said an increase of Rs 600 to Rs 1,000 is necessary for all carriers to become profitable.
At a time when instability in the US leveraged buyout (LBO) market is making world equities markets jittery, JSW Steel is planning a leveraged buyout of a North American steel company.
The joint venture, for which both the parties have signed a memorandum of understanding, has drawn criticism from the NGOs and environmentalists on the ground that it would cause extinction to the world's rarest birds.
The high-profile denizens of Mumbai and other celebrities will soon have a new place to hang out. Planet Hollywood, the US-based theme restaurant, is planning its debut in India by setting up a floating restaurant around the Mumbai harbour.
Air India has positioned its fares on par with airlines offering one-stop services to US.
The sale of the BPO business, run by Citigroup Global Services (formerly e-Serve), is expected to fetch around Rs 3,200 crore for the group. At this price, it will be the largest deal in the domestic BPO space.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
The Essar group's proposed acquisition of Minnesota Steel is likely to be delayed, with the US state authorities taking time in providing the infrastructure required to move the project.
Three major companies, Japanese giant Toshiba, Canadian major Bombardier and GE, are looking at manufacturing wagons and coaches in the country.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
Cochin International Airport may team up with some domestic airlines to launch a budget carrier for the Gulf destinations.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
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