Lush agricultural lands have turned parch as groundwater levels deplete to new lows, and wells and water reservoirs go dry. While the administration points to deficient rainfall as a reason, experts and activists say the drought is mostly man-made.
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
J M Morgan Stanley Pvt Ltd said ECE Industries Ltd will buy back 14,33,278 shares of face value of Rs 10 each or 25% at Rs 30 per share totaling Rs 42.998 million from the open market.
Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India.
The list of contenders for this job include Vikram S Pandit, currently Citigroup's investment banking head and a former Morgan Stanley investment banker, and Shaukat Aziz, formerly the bank's global private banking business head and most recently the prime minister of Pakistan, according to various media reports.
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A section of the market believes RBI should hold rates as negative real rates will hurt savings and investment.
The team will play three ODIs as part of Israel's 60th anniversary celebrations. The Israel Cricket Association will field an 'Israel Invitation XI' consisting of prominent international players of Jewish extract from around the world.
Morgan Stanley, which separated from its Indian partner Nimesh Kampani's JM Financial, has poached four senior executives including managing director of investment banking V K Bansal, from its erstwhile partner.
Mumbai-based property developer Oberoi Constructions, led by billionaire Vikas Oberoi, is planning a Rs 4,000 crore ($1 billion) initial public offer by year end. Vikas Oberoi, also known as Vikki Oberoi is at the 707th slot in the Forbes annual list of billionaires with a wealth of $1.7 billion.
After having raised Rs 20,000 crore by selling NFOs, mutual funds are now likely to turn buyers. A slew of funds, including Morgan Stanley ACE Fund, Birla Sun Life Pure Value Fund, Mirae Asset India Opportunities Fund Standard Chartered Fund closed recently. Mutual funds launch NFOs to raise money since the mutual fund penetration in India is low. Most mutual funds expect redemptions on account of advance tax provisioning that corporate houses do at this time of the year.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
E-commerce in India could grow to $137 billion by 2020 from $11 billion in 2013, says Morgan Stanley, and firms like Amazon, local market leader Flipkart and rival Snapdeal, backed by Japan's SoftBank, are fighting for a bigger share.
The award is constituted in the memory of Prince Mahidol, the father of King Bhumibol Adulyadej of Thailand.
Now, economists are famous for having a wide array of views, with most of them being wrong, but it is difficult not to notice that economists working for companies that will benefit the most from -- and, in some cases, desperately need -- lower interest rates are the ones that are screaming most loudly about how terrible things are and how the US Fed needs to cut, cut, cut rates.
FMCG stocks have underperformed the market, falling 2.2 per cent so far in 2014.
A consortium of Anil Agarwal-led Sterlite Industries and global financial services major Morgan Stanley has emerged as the frontrunner in the race to acquire a strategic 26 per cent equity stake in the troubled financial institution IFCI Ltd.Besides Sterlite, two other consortiums - Shinsei Bank-PNB-JC Flowers and Cargill Financial Services Corporation-Texas Pacific Group - had put in bids on December 14.
Battleground shifts to rural and small towns, where user base aspires to upgrade to smartphones.
The taxman is rapidly catching up with foreign companies operating in India through agents. After Star, Morgan Stanley and Sony, it was the turn of UK-based Rolls Royce to be asked to pay taxes on a part of profits earned from Indian operations.
Stephen S Roach, chief economist at the US-based Morgan Stanley, returning from his fourth trip to India in three years, said the South Asian country has achieved breakthroughs in savings and foreign direct investments.
JM Financial Services, which split from its seven-year partner Morgan Stanley in February, had given up two key businesses viz., institutional broking & sales & equity research, to the US bank for $425 million (Rs 1,912 crore).
"We will complete the transformation within May 2007 and are talking to select foreign exchanges for a possible partnership," Bombay Stock Exchange Ltd managing director and CEO Rajnikant Patel said.
Two top investment banks, Enam Financial Services and JM-Morgan Stanley, have backed out from the high-profile initial public offering by real-estate developer DLF Universal
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.
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
For every 2.5 degree celsius rise in global temperature, the damage to India is predicted to be 4.9 per cent of the gross domestic product, highest for any country, according to a key finding of a research by global financial services firm Morgan Stanley.
Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August.
According to dealers in the know, the Reliance Power IPO had generated deals worth Rs 2,500 crore (Rs 25 billion) in the grey market, of which nearly 90 per cent were settled till Wednesday. However, with the Reliance Power stock now struggling even to close above the Rs 350 level against the issue price of Rs 450 after three days of listing, some of the clients are refusing to pay, according to sources.
Iqbal Singh has been appointed as the new CEO and President of GE Money India. The company is also planning to induct a strategic partner in a few months.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
Macao, a tiny special administrative region of China, is now the world's gambling capital, overtaking the swanky Las Vegas in revenues last year.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Analysts are eyeing bigger launches that will positively impact company's fortunes.
Liverpool's new stadium in Stanley Park will not be 'as dramatic' as planned, the Premier League club said.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
It is the highest rank an individual can achieve in the police through examinations and is equal to a chief superintendent in Britain.
Trade analyst Vinod Mirani gives us the weekly verdict.
A Ganesh Nadar/Rediff.com tracks the train from Jolarpettai carrying its precious cargo.
In a significant decision on Monday, the Supreme Court ruled that foreign companies would not have to pay tax on their global income earned from business related to their outsourcing arms/units if these are done at existing market prices.
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