An out-of-court settlement of the feud over Ranbaxy founder Bhai Mohan Singh's will is seemingly imminent between Analjit Singh and Malvinder, Shivender duo, the present promoters of Ranbaxy and Fortis respectively.
Max Healthcare Ltd said on Thursday it would invest Rs 250 crore (Rs 2.5 billion) in the next three years on expansion to take the total bed capacity to 1,500.
Max Healthcare on Monday announced investing around Rs 425 crore (Rs 4.25 billion) during 2004-05 for setting up six hospitals in the National Capital Region.
Piraml will sell of its entire 11 per cent stake in Vodafone india.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
Now they are reinventing their strategies to stay afloat, as they see no sign of recovery for at least six months.
Vodafone in India provides 2G and 3G services
Experts said many firms had unbilled assets on their books.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
Sahil Vachani fuels Analjit Singh's new business initiatives
The company will spend Rs 10,141 crore to buy 15.5 per cent stake from minority investors.
The Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Economic Affairs had to give their comments on the proposal, sources said.
The company has signed deals Mint and digital television network Ping.
Sebi to fix promoters' side deals with PE investors
The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.
Calculated guesses, taking a position on what the future could hold
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
The two countries want to broaden and deepen their economic and commercial ties as well as strengthen bilateral national security partnership.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Over the years, Mr Singh has got in and out of innumerable businesses, cutting across sectors. He is one businessman who I have always found to be in a start-up mode, says Bhupesh Bhandari.
Indian fashion, mostly, has been either inexpensive streetwear or wedding wear lacking elegance Varana brings. Kishore Singh drops by the brand's flagship store on London's iconic Dover Street.
In 2013-14, India became the third-largest contributor to Vodafone Group's service revenue and operating free cash flow.
Senior living services, Tara Singh Vachani tells Anjuli Bhargava, could be a big business opportunity in India.
Back in time, one of Gandhi's co-travellers, too, sat through the day at the Central station at Madras watching passengers pay bribes to procure their tickets.
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