But other allegations against Jain, Deutsche Bank still being evaluated by the regulator
The Hinduja Group, which has evinced interest in acquiring India's fourth-largest mobile operator Hutchison Essar, is also considering to buy part of a controlling stake in Telecom Italia, media reports said in London.
For the past few years the top brass at Pearson did pretty well to grapple with the threat of digital disruption.
French dairy major Groupe Danone has offered to pay the Wadia Group euro1 million ($1.34 million) as compensation to use its Tiger brand in international markets.
The high-profile bidding war for control of Hutch-Essar could intensify with reports in the British media suggesting that Indian partner Ruias have received funding pledges worth up to $25 billion to buy out foreign stakeholder Hutchison Telecom.
World Bank President Paul Wolfowitz, says a Financial Times report, had ordered the Bank's HR chief to give Shaha Riza, a lady official of the bank with whom Wolfowitz was romantically linked, a huge pay hike and promotion.
WCP Mauritius Holding, an investment vehicle promoted by former World Bank president James Wolfensohn, has bought a minority stake in India's ethnic wear company Fabindia for about $11 million, a Financial Times report said.
We go down memory lane look at the iconic moments from late Franca Sozzani's career.
Tsipras asked to keep a discount on value added tax for Greek islands, stretch out defence spending cuts and delay the phasing out of an income supplement to poorer pensioners
Former US Trade Representative and US Deputy Secretary of State, Robert B Zoellick (53), is said to be the frontrunner for the post of the next World Bank president, according to a report in the Financial Times.
Listing financial sector reforms and increase in investment in infrastructure as India's 'two biggest priorities', Prime Minister Manmohan Singh has exuded confidence of getting political support on these issues.
J Jagannath on how he expects to see the Trump effect at the Academy Awards.
The Financial Times, London, reports that Nobuo Tanaka, the first Asian head of the International Energy Agency, has stated that the organisation must work more closely with the two Asian giants.
The admission comes as it seeks to ensure approval of the deal by Indian regulators under restrictive foreign investment laws.
The Indian Institute of Mangement-Ahmedabad will collaborate with Duke Corporate Education to develop and deliver custom corporate education programmes in India and West Asia.
United States technology companies have become the command and control networks of choice for terrorists and criminals, one of Britain's senior-most intelligence chiefs has warned and sought their cooperation in intelligence matters to tackle the menace.
According to reports, the deal, if successful, could fetch Hutchison as much as $14 billion and would be Asia's largest private equity deal.
Luce conveys his sense of bafflement that a country of such contradictions should do so well in spite of the diversity or because of it.
Vodafone offers to buy out Hutchison Telecom's stake in India's Hutch-Essar at an enterprise value of $17 to 18 billion reports British daily Financial Times.
Indian corporate house Essar has offered to buy out foreign partner Hutchison Telecom (HTIL) from the mobile joint venture Hutch-Essar for $11 billion (about Rs 50,000 crore), putting the enterprise value at $16.5 billion.
The world is moving faster than academic institutions
Tata Group chairman Ratan Tata has said the company could not give any guarantee over safety of jobs as it plans will be to make the UK operations more profitable.
Sources have told FT that Iran will offer talks without preconditions.
ICICI Bank, India's second largest bank financial services provider, plans to employ up to 40,000 people annually over the next three to five years to meet the expected demand from the nation's booming banking arena, reports the Financial Times.
In an interview to Financial Times, the world's fifth richest man says although he is not the CEO of the merged entity Arcelor-Mittal, he would play a role in setting future strategy and looking at growth opportunities.
'It is vital that objects such as the Harihara -- and collections from South Asia generally -- remain here,' the British Museum tells Vaihayasi Pande Daniel.
Indians are not good at manufacturing. Even if they do what we tell them to do, they always need to understand why they are doing it that way, says Japanese management guru Kenichi Ohmae.
The efforts of the Bush administration to get Congress pass legislation that will allow the United States to sell nuclear technology to India and accept it as a full-time partner in the international nuclear community.
NRI steel tycoon Lakshmi Mittal is considering relinquishing his controlling stake - a move that could lower the barriers to shareholders accepting his $22.1 billion
Deutsche Bank, one of the leading international financial service providers, plans to move almost half of its back-office jobs to India by the end of next year, according to a media report.
Minimum taxes on foreign portfolio investors have been removed.
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