This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd.
Tata Iron and Steel Company Ltd has completed the acquisition of Singapore-based steel company NatSteel Ltd by subscribing to 100 per cent equity of its subsidiary NatSteel Asia Pte Ltd (NatSteel Asia).
The Cabinet Committee on Economic Affairs has approved the proposal of GlaxoSmithKline Pte Limited, Singapore for acquisition of 24.33 per cent shares in existing Indian subsidiary company of GSK Group.
Amtek Auto was among the first list of 12 companies which were referred by the RBI in 2017 to respective banks for initiation of insolvency process for defaults.
The government on Friday cleared 21 foreign direct investment proposals envisaging Rs 35.55 crore (Rs 355.5 million) investment, including Rs 27 crore (Rs 270 million) proposal by Advanced Mineral Asia Pte.
Information technology solutions major i-flex Solutions on Thursday announced its decision to open a new office in China to expand its presence in the Asia-Pacific region.
A consortium led by Singapore Technologies Telemedia Pte and Telekom Malaysia Bhd has bid for the one-third stake of AT&T Wireless Services Inc in Indian telecom major Idea Cellular Ltd.
The Indian promoters of air cargo and courier entity Blue Dart Express and Newfields Holdings have sold 68.21 per cent stake in the company to DHL Express (Singapore) Pte Ltd for over Rs 570 crore (Rs 5.7 billion).
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
The government on Tuesday cleared 21 foreign direct investment involving Rs 93.26 crore (Rs 932.6 million) inflow.
FIPB had taken up these three proposals in its meeting in August, but the decision on them was kept in abeyance.
The UK subsidiary allegedly paid bribes to win train infrastructure orders for the Delhi Metro, the Serious Fraud Office said in a filing.
This is the third investment by News Corp in India.
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.
Employees are finding the 9 to 5 work cycles engaging anymore and are looking for greater flexibility, more challenging work, and new learnings.
As the new owner, Airtel will take over Telenor India's spectrum, licences and operations, including its employees and customer base of 44 million.
The FIPB, headed by Department of Economic Affairs Secretary Arvind Mayaram, discussed 30 foreign direct investment proposals, including 10 from pharma sector.
From college intake to visa guidelines, here's everything you'll need to know before signing up for a course in New Zealand.
The variety of options combined with global student mix makes it an apt destination for international students.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
All the apprehended are being handed over to National Investigation Agency for further investigation.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Post Brexit, Irish universities are seeing a surge in applications says Barry O'Driscoll, senior spokesperson for Education in Ireland.
To double its current turnover of Rs 13.53 billion in five years, the firm plans to generate 25 per cent of this consolidated revenue from FMCG sales.
Ram Sumiran Pal arrested in Delhi; hunt for two others on.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
The Indian business community wants to see a strong stable government with a willingness to reform, break down the shackles of the past which is holding India back.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Chinese shares opened lower, with the Shanghai Composite Index down 1.8% and the CSI300 index down 2.2%.
CBI sources said a case has been registered against UK-based NRI Vipin Khanna, whose named had also figured in another defence deal probed by the agency. They said the kickbacks were allegedly paid in 2009 through subsidiaries of Embraer via a Singapore based company which is owned by the middleman.
Financials were the top losers after sharp gains in the previous session along with ITC
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
ONGC was the top performer while private banking major ICICI Bank extended gains
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