DB Corp, which publishes the country's second most widely read paper Dainik Bhaskar, has been gradually reducing its stake in DNA and wants to focus on the growth in regional markets.
Murdoch may re-enter space after non-compete period lapses, ABP to control three news channels of MCCS
All shares owned by Max group promoters shifted to two trusts
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
Sistema Shyam TeleServices Ltd is a venture involving equity participation by Sistema of Russia, the Russian Federation and the Shyam Group of India.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
We are not a fly-by-night operator, says Sandip Das.
Four proposals by foreign firms deferred; half a dozen others waiting in the wings.
Regulator puts price at average of 1.65 times 3G cost; Sibal's approval needed for rollout.
India's largest diversified media conglomerate Bennett, Coleman and Co Ltd (BCCL), popularly known as the Times Group, has joined the race to pick up a majority stake in the two sports channels of Nimbus Communications.
According to back of envelope calculations, the value of shares released in the past two weeks worked out to be Rs 262 crore (Rs 2.62 billion).
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
The approval will, however, be subject to the regular conditions on valuation and pricing norms laid down by the Reserve Bank of India.
R-Cap, part of the Anil Dhirubhai Ambani Group, may get a controlling stake in the venture if the negotiations fructify.
A rollback or dilution of the policy is not the only fear these multinationals have; they are also facing upfront political opposition.
Retailers need to get up to 50 permissions from a state government before they can start a new store. And, the permissions required include things like valet parking, use of insecticides, chillers and freezers or sale of non-vegetarian processed food.
The joint letter to Manmohan Singh was written by Sunil Mittal, chairman of Bharti Airtel, Kumar Mangalam Birla, chairman of the Aditya Birla group which has promoted Idea Cellular, and Vittoria Colao, chairman of Vodafone Group Plc.
The country's largest car maker has come under the spotlight for working out a quiet settlement with union leader Sonu Gujjar and other workers by paying them Rs 16 lakh (Rs 1.6 million) each, much more than they would have got under a normal severance package or voluntary retirement scheme.
DoT has stated in an internal note that the 3G roaming agreements between these three companies are tantamount to their becoming mobile virtual network operators, something not allowed under the current policy.
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