Key shareholders of low-cost airline SpiceJet have rejected an offer by the Reliance ADA Group to pick up a 51 per cent stake in the airline for Rs 40-45 per share. The offer was made last week.
The country's largest car producer -- Maruti Suzuki -- is caught in a cleft. There is growing demand for its cars, but it does not have sufficient production capacity to feed this demand. To top that, this capacity constraint is not likely to be lifted before 2012.
Some users, for instance, see no sense in cluttering up their Gmail accounts with Buzz messages.
Having paid Rs 2.5 crore (Rs 25 million) for the 3D rights, Scrabble is looking to air live matches across 120 3D theatres in the country.
The finance ministry has suggested easing of the rules for calculating foreign investment in a company. The proposed rules, which take out sundry entries of indirect investment, will make life easier for companies, which have high foreign institutional investment and face the risk of breaching sector-specific caps.
With Nokia starting to spin out mobile devices that come loaded with its music download service, the Finnish company is eager to see how consumers would use its 3.5-million music library, currently offered free.
Websites, mobile apps and games seem to be making the most of the Indian Premier League this season.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
The first private equity deal in the Indian health insurance sector is set to be sealed soon.
Half the money, to be invested over the next 12 months, will be used to expand its mobile network.
Sahara group promoter Subrata Roy said he will take his newly acquired Indian Premier League (IPL) team public by 2013, the second year of operations, and is open to having investors take a minority equity stake in the franchisee.
Indian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
Currently, FDI up to 100 per cent is allowed in the drugs and pharmaceuticals on the automatic route.
Infosys claims it can deliver a full-fledged applications store within 6-8 weeks, with its application platform Flypp.
The money, together with disinvestment proceeds, is crucial for Mukherjee to meet his fiscal deficit target of 5.5 per cent for 2010-11 from 6.7 per cent in 2009-10.
With India fast emerging as an important leisure marine market, traders at the Mumbai International Boat Show (MIBS) 2010 hope to sell around 100 small boats and luxury yachts to high networth individuals (HNIs) in the country.
By setting a single spectrum-release deadline for all bidders, the finance ministry aims to ensure a level playing field for all operators.
India's share will only get bigger once SpiceJet enters the fray from June to fly south east Asia and south Asian countries.
Since its launch, Google has been buzzing all across with over 9 million posts and comments.
India's second largest IT company, Infosys Technologies, for instance, has narrowed on the new areas to drive its growth.
