The countdown for BG's stake sale in Gujarat Gas Company (GGCL) begins tomorrow. Three months after BG made its intention of divesting its stake clear, over half a dozen potential bidders are likely to submit non-binding bids for BG's 65.12 per cent stake in the country's largest natural gas distributor by sales.
The poster boys of Indian private equity are getting a reality check. If last year many of them branched out independently with their entrepreneurial PE shops, many are scaling down or biting the dust a year down the line.
Automotive designer Dilip Chhabria is planning to raise about Rs 100 crore to fund a new super-luxury car project for DC Design that he promotes, banking sources said on Tuesday.
One effect of the globalisation of Indian business has been the rise in the grant by companies to staffers of employee stock options.
Communication has instilled a sense of trust and belief among the employees.
PE firm goes in for image makeover, appoints advisory group.
Most companies see the next few quarters as a period of uncertainty and are trying to shift costs from fixed to variable.
Indian pharmaceutical companies, which always wanted a big share in the global copycat drug market, are betting high on the oral contraceptive (OC) market in America.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
BPCL plans to save Rs 500-800 cr, while HPCL eyes 10% reduction in total costs.
RIL, which had over 1,470 retail outlets, is said to be running only 350 of those at present.
It is in talks with a local player for a discovered asset so that it can have a ready cash flow in one or two years.
Hilton's inspiring personal memoir seems to have inspired sons of India's top corporate honchos. Only they are not following in their fathers' footsteps to make their presence felt.
Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
Samina Vaziralli, daughter of joint Managing Director M K Hamied, was inducted into the company management. Cipla joins the league of major companies such as Lupin, Wockhardt, Elder Pharma, Piramal Healthcare and JB Chemicals in this regard.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
It may be Doktor Mom in Russia, or Farex in India.
Milestone was in an aggressive mode, by hiring more senior people to head its funds and launching new funds.
Proposed format to have real-life scenarios that mirror the kind of thinking students need at graduate-level work.
Both the main stock exchanges have set in motion a separate platform to generate more interest and more liquidity for the small and medium enterprises (SME) segment.
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