'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
Seems to reflect a maturing of the segment; Delhi-based Wingify buys US-based entity a day after Zomato's Polish buyout
'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.
'The government has put in a lot of effort to provide infrastructure for the industry.'
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
'We have focused on it quarter after quarter and started to build the pipeline.'
Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
The ED had conducted searches against the legislator, Sai Aaina Farms Pvt Ltd (now Mahira Infratech Pvt Ltd), other companies of the Mahira Group and some others in July last year.
Roger Federer called for a merger between the two governing bodies last month, with both Simon and ATP Tour Chairman Andrea Gaudenzi welcoming the suggestion. But some top WTA players have said they want an equal standing for the women players in a combined body.
"Transfer of advanced systems, where there is an open intention of conversion into nuclear delivery platforms, calls into question the commitment of international suppliers to non-proliferation commitments," Pakistan Foreign Office spokesperson Aisha Farooqui said.
The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Crisil Ratings said it expects the sector to grow at 5-7 per cent in FY25, after a growth of 6 per cent estimated to have been achieved in FY24. The overall industry size is pegged at $250 billion and it creates over 50 lakh direct jobs.
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
The foreign acquisitions are being looked at to strengthen RIL's core businesses like petrochemicals, polymers and refinery, sources said, adding that the company has found that the economic downturn has created some right-valued acquisition opportunities.
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
Numbers could be classified further into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the call in the future.
Reason for rejection hasn't been stated; deal among seven rejected transactions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
The Union ministers and farmer leaders had met earlier on February 8, 12 and 15 but the talks remained inconclusive.
Asked about the possible size of acquisitions, GCPL said,"The company is open to deals which are valued up to Rs 1,000 crore."
Armed with Rs 140 crore (Rs 1.40 billion) cash reserves, Internet company Sify Ltd on Friday said it is looking at acquisitions to grow its business.
Federal Bank on Thursday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd () for acquiring up to 9.95 per cent stake in the bank. RBI accorded the approval subject to conditions on Thursday, Federal Bank said in a regulatory filing.
'The government has put in a lot of effort to provide infrastructure for the industry.'
The Agency said it has delivered the required certification notifying Congress of this possible sale on Thursday.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
Simon Helmot, Sunrisers Hyderabad's assistant coach, on how the team demolished Rajasthan Royals in Qualifier 2, and plans for Sunday's final against Kolkata Knight Riders.
Most of the complainants claimed that Shajahan was actively involved in the forcible acquisition of their land and torturing of local women, the police officer said.
'We may see little softness in liquidity position after the stabilisation of the government.'
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical and operational services to clinicians.
Mumbai Indians' latest acquisition took to social media to post a series of photos of the Pandya siblings and captioned it, 'My pillar'.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
It is also planning to introduce some of its acquired overseas brands in India and evaluating a re-entry into air freshners.
'API prices are dragging down margins and impacting our competitive ability.'
Having made two major overseas acquisitions, Tatas owned Videsh Sanchar Nigam Ltd is looking for further acquisitions to add to its services and customers base.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
The Vishwaguru who addressed the maximum rallies and boasted of being blessed with divine energy, who promised guarantees in his own name, turned out finally not invincible, points out Jyoti Punwani.
IT company Infosys on Thursday posted a 7.3 per cent decline in consolidated net profit at Rs 6,106 crore in the third quarter of the current financial year. The company had posted a net profit (attributable to shareholders) of Rs 6,586 crore during the same period a year ago, Infosys said in a regulatory filing. Consolidated revenue from operations of the company increased marginally by 1.3 per cent to Rs 38,821 crore during the quarter under review from Rs 38,318 crore in the year-ago period.
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