Piramal Enterprises has about Rs 10,000 crore (Rs 100 billion) cash on its books.
Reliance Power is yet to get a new CEO after J P Chalasani quit as managing director and chief executive officer.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
Videocon starts race, says will bid in eight circles, expects 5-MHz spectrum to go for Rs 20,000 crore
Anil Sardana, managing director of India's largest private power producer, says though the tariff freeze by some states is causing tremendous stress, the company will go ahead with the expansion of the Mundra project.
According to data compiled by BS Research Bureau for BSE 100 companies, seven public sector companies -- Indian Oil Corporation (IOCL), Bank of India, Union Bank, Bharat Petroleum (BPCL), Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum (HPCL) and GAIL -- have reduced their employee costs ranging from one per cent to 21 per cent.
Malaysia's leading telecom operator, Axiata, has backed out of its negotiations to pick up a substantial stake in broadband wireless access operator Tikona Digital.
According to two independent sources in the know, GVK's lead underwriter, ICICI Bank, plans to reduce its exposure in the highly leveraged transaction. Following the move, the other PSU lenders have told GVK they, too, would like to proportionately bring down exposure.
Fair valuation of minority stake in joint venture at core of dispute; different worth of shares in two Essar entities a thorny issue.
Ruias to challenge Vodafone's put option, continue reverse-listing plan.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
Bigger telecom companies are likely to get a bigger share of the 3G subscribers as they own high average revenue per user customers, who are more likely to sample premium services like 3G.
He still owes hundreds of crores to OMCs.
The flavour seems to be offering a unique experience for the traveller.
The main reason for setting up the facility is to avoid sending airframe maintenance work abroad and perform this labour intensive work at a comparatively lower cost in India.
One tenth mobile subscribers in India own multiple mobile phone connections, says a report.
Tour operators are recognising the enhanced tourist interest in this segment and offering tour packages -- to Malaysia and Kenya, for instance -- that give a chance to interact with the tribes.
Conditions attached by RBI ensure it won't take off, contend experts.
Industry sources peg the IPO figure at $50-80 million (Rs 230-370 crore).
Suvidhaa has 22,000 outlets in 500 cities and towns and has plans of taking it to 100,000 outlets in the next two years, maintaining a balance between metro and rural areas.
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