Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
Ril's shale gas may be impacted due to fracking ban
The total investment at risk is $930 billion and oil companies will need to cut their expenses by 30 per cent to make their projects viable provided oil remains around $70 a barrel.
Russia's central bank early on Tuesday raised interest rates to 17 per cent to counter the 50 per cent rouble fall in six months.
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
Bankers say it's a question of survival for debt-heavy companies.
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
China has cast a long shadow on India's economy.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
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