The loans in rupees would cover any associated transaction costs. Standard Chartered Bank, State Bank of India and Barclays are the major contributors to this debt portfolio.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
Telecom giant Bharti Airtel on Tuesday said it would pay about $9 billion (nearly Rs 42,000 crore) to buy African assets of Kuwait-based Zain, announcement of which pulled down Indian firm's share prices by 13 per cent in two days.
India, along with 10 other countries, was on Tuesday provisionally cleared to participate in next year's AFC Champions League.
The Zain deal raises much speculation about Arifuddin's money and clout. Who is backing him? What is his relationship with politicians? Is he merely a front man for big players in telecom?
Gulf Cooperation Council member countries will see their gross domestic product grow at 5.2 per cent in 2010 on the back of rising oil revenues, the IMF has said.
India on Wednesday said even 'a few steps' by Pakistan in the Mumbai terror attacks probe will satisfy it and help in resuming the composite dialogue process.External Affairs Minister S M Krishna said India will be 'quite satisfied' with 'a few steps' by Pakistan in the course of the 26/11 investigations. This, he said, will "certainly make it easier for India to carry on normal business with Pakistan". Pak has been strongly advocating the resumption of the Indo-Pak talks.
Essar group, which is buying out the Uganda and Congo assets of Warid Telecom -- a joint venture between the Abu Dhabi Group and Singtel and is present in Kenya, has also reportedly been sounded out by Zain shareholders. A company spokesperson, however, declined to comment on the issue.
First look of US First Lady trying on the Islamic headscarf
Aims to save time in entering infotech retail The MobileStore, the Esaar group's mobile phone retail chain, has announced the acquisition of the operations of Impact Retail Pvt Ltd for an undisclosed amount.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
With the global financial crisis affecting Indians in the Gulf region, Vice President Hamid Ansari has said the Indian government was mulling steps to ensure the welfare of expatriates reeling under the meltdown.
Asked if BSNL is looking to approach Zain directly, he said "no further progress as far as this proposal on Zain is concerned".
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Vavasi group, a New Delhi firm with diverisifed interests, on Wednesday said it would approach government-owned BSNL and MTNL to join in doing due diligence of Kuwait's Zain Telecom.
Out of contention for a spot in the next round, India scored a consolation 4-1 win over Afghanistan in their AFC Under-19 Championship qualifiers Group C match at Arbil, Iraq.
An Indian firm Vavasi Telecom is trying to rope in Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited to pick up a stake in Zain.
'Our culture, our history, our achievements are great and we should start celebrating them.' 'I am glad our movies are doing that and Mission Mangal is doing that.'
The airline would leave Mumbai at 7.30 pm and arrive in Riyadh at 9.15 pm. The same plane would then leave Riyadh at 10.15 pm and arrive in Mumbai at 4.20 am.
BSNL, MTNL respond to Vavasi despite advice to the contrary
According to the latest data revealed by GulfTalent.com, the number of expats employed in the kingdom rose by 2.4 per cent in the fourth quarter of 2009.
Jet Airways has suspended all its flights between the United Arab Emirates and India after almost half of its pilots did not report for duties protesting against sacking of two of their colleagues.
As the Indian Army reported its first case of the infection with a 34-year-old soldier testing positive in Leh, the Army said it has taken a series of precautionary measures to prevent the spread of coronavirus among the forces such as checking flu symptoms among soldiers on their return from leave and cancelling non-essential travel, conferences and recruitment drives.
The airline has daily flights from Mumbai and Delhi to Dubai. With the launch of the new flights, the carrier will have a total of four daily flights to Dubai from three Indian metros, it said in a statement.
Al Ittihad of Syria rode on a double strike by Abdulfatah Alagha and pumped in two goals in the dying minutes to drub East Bengal 4-1 in their Group D AFC Cup opening match at the Salt Lake stadium in Kolkata on Wednesday.
Reigning Australian Open boys' champion Yuki Bhambri has pulled out of the French Open due to the ankle injury he sustained while playing doubles in an ITF Futures event in Kuwait last week. Yuki, who became the first Indian to win the Australian Open boys' singles and fourth from the country to claim a junior Grand Slam, said he had been advised by doctors to take rest for at least 15 days to recover from his injury.
The sound of leather against willow will be heard for the first time at an Asian Games next year after the Olympic Council of Asia (OCA) announced that cricket had been added to the programme on Wednesday.
The sound of leather against willow will be heard for the first time at an Asian Games next year after the Olympic Council of Asia (OCA) announced that cricket had been added to the programme on Wednesday.
Hosts Australia have been named top seeds for the 2015 Asian Cup ahead of next week's draw and will avoid being drawn in the same group as defending champions Japan.
Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any unwelcome shocks in global crude rates could be absorbed well enough.
Gulf nations have postponed the six-year residency cap on foreign unskilled workers.
"This is the third year in a row that India makes to top 10 in Doing Business, which is a success which very few countries have done over the 20 years of the project, Without exception, the other countries that have done this are very small, population-wise, and homogeneous," Simeon Djankov, Director of Development Economics at the World bank told PTI in an interview.
"The economies of scale for a refinery are different for India and Africa. India being a net exporter of products, refineries need to have capacities to the tune of 15 mtpa to push products to the domestic market and for export. In Africa even a small refinery makes sense," the analyst said.
It is not clear, however, whether the two players are considering a majority stake or would be content as investors with 26 per cent.
Saurav Ghosal and Siddharth Suchde were the only Indians left in the men's singles event after two of their compatriots, including former national champion Ritwik Bhattacharya, crashed out in the second round of the Asian Squash Championships in Kuwait.
Squash player Dipika Pallikal, who was not selected for the upcoming Asian Championship, failed to get a reprieve from the Delhi high court, which she had moved to quash the selection of the Indian team.
Dipika Pallikal's exclusion from the Indian team for Asian Squash Championships may have kicked up a storm, but national coach Cyrus Poncha said the British Junior Open champion has only herself to blame for the omission by refusing to attend a mandatory trial camp.
China and India continue to rank first and second respectively in the list of 25 most attractive FDI destinations, according to a study conducted by a global strategic management consulting firm.Brazil, the United Arab Emirates and Russia ranked among the top 10, the findings of the latest FDI Confidence index, a regular survey of global executives conducted by management consulting firm, A T Kearney, revealed.
Reliance Telecom and Bharti Airtel have entered the second round of qualifying process for a GSM-based mobile license in Qatar that the Gulf country plans to award by October this year.
