App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
FDI of $500 million will come into the country with the Cabinet Committee on Economic Affairs clearing a proposal of the GVK Power and Infrastructure Ltd to issue over 78 lakh shares to NRI shareholders of its sister concern GVK Industries Ltd.
The company, owned by the UB Group, had been relying on internal group reserves and debt to manage its operations over the past two years and this infusion is expected to fuel its sustained growth.
The company had reported a net profit of $92 million in the corresponding quarter of 2012 as it had benefited from a tax windfall of $176 million.
The company will use the proceeds to fund its expansion plan and repay debt.
Vickram Bedi, 37, pleaded not guilty to the grand larceny charges at his arraignment on Wednesday, Westchester County District Attorney Janet DiFiore said.
Sujata Sachdeva, Koss Corporation vice president of finance, was arrested by the Federal Bureau of Investigation for embezzling $4.5 million from Koss in just a few months ago. Sachdeva, who worked at Koss since 1992, claims she is a 'shopaholic' or compulsive shopper, a clinical condition known as oniomania.
The e-commerce sector's usage of commercial spaces was about 4.2 million square feet of the total of 17.5 million sq ft consumed in the first half of 2015.
Coffee Day Group, which runs businesses from coffee cafes to wealth management to furniture to logistics, is understood to be readying the stage for a possible $100-million fund raise through the private equity route.
US-based drug major Hospira will buy the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for $400 million (Rs 1,860 crore).
The world's largest flawless fancy vivid blue diamond was sold at Christie's for a whopping $23.8 million.
Aspada Investment Company received the $10 million commitment from the SEDF and will in turn make education, healthcare, and financial services more accessible to low- income people in India and would also invest in agricultural supply chain companies in an effort to support small holder farmers, a company statement said.
The company will have to retain independent auditor, do annual compliance review.
Mahindra Satyam on Wednesday said its board has approved settlement of lawsuits brought by its former client Upaid Systems by paying $70 million.
Indian investment bank Avendus Advisors on Thursday said that it is in the process of floating a $200 million India specific fund for investing in diversified sectors.
About 20 million mobile phones without International Mobile Equipment Identity (IMEI) will be non-functional from Tuesday (December 1) as the government's deadline to ban mobile handsets without the unique identification number came to an end on Monday.
The money was supposed to be used to develop an electric version of one of its existing models.
Airtel said the amount will be used for refinancing its existing loan portfolio.
President Barack Obama has unveiled an ambitious $100 million project to unlock the "enormous mystery" of the human brain.
Acquisition is expected to be completed by mid-December.
The number of telephone subscribers in India surged to 189.93 million in December 2006, taking the country's tele-density to 17.16 per cent.
"The Asian Development Bank will provide India up to 700 million dollar in loans to accelerate its roll-out of infrastructure projects through public-private partnership initiatives."
In October, Wal-Mart called off its six-year-old partnership with Bharti Enterprises and decided to operate wholesale stores independently in India.
According to the RBI proposal, companies can now take the ECB route for raising 10-year funds which is capped at five years now.
The Nasdaq-listed company had posted losses in the previous three quarters of the 2013 fiscal while for the same period last year, it had reported a loss of $125 million.
By 2017, research provided by NCR Corporation, an ATM maker, suggests that the installed base of these machines in India will reach 400,000 machines, from about 100,000 in the third quarter of 2012.
After posting losses for three consecutive quarters, the global steel giant, ArcelorMittal, on Wednesday posted a net income of $900 million for the quarter ended September 30.The firm's net income of the company in the third quarter of this fiscal was, however, 76 per cent lower from the year-ago period.
Two Indian Americans are at the centre of a case, which resulted in a deal that brought $600 million to the Securities and Exchange Commission, the largest amount it got ever to settle an investigation.
The house opposite Regent's Park in London was once the home of the New Zealand High Commissioner.
The deal will provide Suzlon with much needed liquidity.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
Also more domestic borrowers are expected to access overseas markets for their funding needs as the rupee funds are still a costly affair.
Attributing to people familiar with the situation, The Wall Street Journal said, Twitter Inc is nearing a deal to garner as much as $100 million that would buy the fast-growing Internet-messaging company more time to chalk out its business model.
As part of this expansion plan, IBM will hire 1,000 employees across the globe to create new models of engagement through data and design.
IT giant close to acquiring Thomson Reuters' health care business.
The Kumar Mangalam Birla-led Hindalco Industries is likely to raise $500-million through a QIP or by other routes this fiscal to finance its expansion plans.
Over the past year, McLeod sold 21 gardens in India, reducing almost 32 million kg in production.
India has paid another staggering US $ 102 million to Russia, to speed up refit work on the aircraft carrier Admiral Gorshkov, pending a final agreement on a huge price hike of almost USD 2 billion demanded by Moscow.
The verdict followed a $72 million jury award from the same court in February to the family of a woman, who died from ovarian cancer.
Camouflaged in Arab attire and carrying weapons similar to rebels, the SAS have been ordered to switch their focus on the search for Gaddafi, on the run since his fortified headquarters was captured on Tuesday, Telegraph reported quoting British Defence officials.
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