Reliance Retail would be exposed to implementation and execution risks in its expansion plans.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
Essar Global Fund, the Ruia company that invested $1.3 billion in telecommunications, towers and business process outsourcing over the years, made $6.5 billion, a five-fold return, when it flipped these businesses, according to discussions the group has had with merchant bankers.
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
Looking to monetise assets not in Reliance Capital's core area of business.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
Only one in five handsets sold in India this year is likely to be made locally.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
Analysts say TCS's total dividend outgo in 2014-15 is likely to cross Rs 11,500 crore (Rs 115 billion), given its policy of paying quarterly dividends.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Rush to offload bad loans indicates a revival in asset-sale market
Unlike Reliance Jio's focus on 4G, it plans to segment the data market based on device prices and spectrum.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
The market could see a fresh round of tariff war, similar to what happened in the voice market a few years ago.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
Components manufactured in India are low-value products like casing and box packaging that constitute 5% of the bill for materials required in phone manufacturing.
SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
