Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
Can the Bajaj-Triumph tie up overtake the beloved Royal Enfield?
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
The failure of big-budget Bollywood movies show that mega stars such as Salman Khan, Shah Rukh Khan, Hrithik Roshan, Ranbir Kapoor, Katrina Kaif and Anushka Sharma are struggling to impress the audience.
McDonald's problems couldn't have surfaced at a worse time. Cut-throat competition, rapid expansion and a slowdown in consumer spending in the wake of demonetisation have seriously dented the overall quick-service restaurant business.
Samsung makes the largest number of non-4G feature phones in India
The region constituted more than 31percent of the segment's total sales volume in 2016.
As many as 26 of 50 urban hubs across the country have shown a moderate upturn in housing prices between December 2016 and March 2017
'Today, moviegoers are in the 13 to 33 age bracket.' 'If people like us have to remain relevant, we have to make movies that cater to them,'
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
After their merger Vodafone Group CEO, Vittorio Colao says India is not a Jio market alone. Aditya Birla Group CEO, Kumar Mangalam Birla says Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets.
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
With a new higher tax regime coming into effect from the new financial year, top corporates and wealthy investors are in a rush to restructure their shareholding.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
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