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).
The response to the sale has been overwhelming.
Once again, there seems to be an airfare war in India.
Tata's Vistara has a very strong core team to look into daily operations.
Vistara is keen to take to global skies.
It plans to increase India sales by a tenth, helped largely by launches next year
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
'India is a high-cost market but that is man-made. The government can change that with a stroke of the pen.'
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Ril's shale gas may be impacted due to fracking ban
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
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.
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
While fares on the Delhi-Mumbai route have risen 45 per cent, Delhi-Bengaluru and Mumbai-Bengaluru tickets are priced 57 per cent and 42.5 per cent higher, respectively.
In what could be one of the largest launches in the telecom services space, Reliance Jio Infocomm is set to roll out its 4G LTE services in 800 Indian cities between April and June next year.
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.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
.jpg)
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.
The proposed Road Transport & Safety Bill, expected to soon be cleared by the government, has for the first time incorporated clauses to bring companies such as like Uber, termed "aggregators", under the ambit of regulation.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances