R C Agarwal, promoter of beleaguered Vishal Retail, on Wednesday came out in support of the offer from Texas Pacific Group (TPG) in preference to that from Kishore Biyani's Future Group.
For the MV Khailijia 3, one of the two ships which collided last Saturday off the coast of Mumbai, the track record does not read very well. In July, it was found that the ship had developed some cracks and had to offload its cargo mid-sea.
For those who don't wish to watch their favourite game on a television in their living room, the perfect place was to head to a nearby hotel or a pub where the whole action was simulated to give a stadium-like feel with a giant screen and hordes of football fans cheering and jeering the teams.
About a month after it was thrown open for bookings, the Games Travel Office (GTO) of the Commonwealth Games does not seem to be generating much response from tourists.
Loan defaulters will now find it difficult to rid themselves of all their liabilities through the one-time settlement scheme.
Europe's and Bangkok's loss is turning out to be gain for several other destinations like Hong Kong, Macau, Malaysia and Singapore.
Marriott is also expanding its overall presence in the country. By 2013, it aims to have 40 hotels across categories. Out of these, five hotels -- Jaipur (Marriott), Chandigarh (JW Marriott), Bangalore (JW Marriott) and Pune (Marriott and Courtyard) -- would be opened by the end of 2010.
Tour operators are turning their attention to the coming football madness, with the World Cup tourney set to kick off in 46 days.
From those fresh out of school to retired couples, there is a new emerging segment of travellers keen to see the world in their own specific way.
While convenient destinations like Thailand, Malaysia and Singapore are the usual suspects, places like Greece, Piedmont, Jordan and Santiago are making their way into the itinerary of the Indian traveller.
The revised bill will give statutory powers to interim regulator Pension Fund Regulatory and Development Authority to make it on par with other financial regulators -- Securities and Exchange Board of India, Reserve Bank of India and IRDA.
Divestment of public sector companies gathered steam in the first year of UPA-II that saw two PSUs-- Oil India and NHPC-- raising around Rs 8,600 crore (Rs 86 billion) from IPOs and the way was cleared for divestment in three more state-run power companies in the new year.
India has attracted investment worth $1.6 billion for projects in the fields of power, steel, construction and engineering special economic zones from Japanese companies.
The Hinduja Group chairman, who was in Davos to participate in the World Economic Forum, however, noted that the incident might not have much impact on the reputation of India Inc in the eyes of foreigners, who are more used to such scams. Raju's confession not only shocked India Inc, but investors all over the world. Such type of wrongdoings are more prevalent in the western world and foreigners are used to this kind of happenings, Hinduja said.
India has exuded optimism that it would continue to maintain economic growth rate of 7-7.5 per cent next fiscal, the same level it is expected to register in the current fiscal, even as its neighbour China termed its lower growth projection of 8 per cent in 2009 as a tall order.
Under attack from the international community for not reining in terrorist outfits, Pakistan on Thursday said that it will not allow use of its territory for terror activities."I assure you and I assure the House that I will never ever allow my soil, Pakistani soil to be used for terror activities," Pakistan Prime Minister Yousuf Raza Gilani said at the World Economic Forum in Davos.Terming the Mumbai incident as 'unfortunate', Gilani said, "We condemn terrorism."
India continued to be on a high growth path in 2007, although the pace was slightly moderated due to curbs on money supply to check inflation.
Though SEBI adopted many other measures in 2007 to streamline the capital markets, it was its decision on P-notes, which gave a jolt to the capital market and evoked extreme reactions both in favour and against the move.
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