Increase in surcharge will adversely impact fund managers planning to shift to India. As a matter of fact several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain.
This is the single largest foreign investment in India so far.
Moser Baer India on Monday said it proposed to issue global depository receipts equivalent to 14.7 million underlying shares as well as warrants equivalent of 5.4 million shares to the affiliates of Warburg Pincus for raising over Rs 675 crore.
Most of the hotels in the country, including the Indian ones that traditionally owned assets, have embarked upon an asset light model for a faster growth and quicker returns. Lemon Tree is likely to announce a deal with Keys Hotels in the next two weeks.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
The 3G, 4G data and Airtel Money services are the next growth engines for the company in Africa.
At a time when the government has proposed to hike foreign direct investment in the telecom sector, private equity fund Warburg Pincus has reduced its stake in Bharti Televentures by 3.35 per cent to bring its stake down to 15.17 per cent.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Chairing an exclusive roundtable with 42 global CEOs and top executives from across 20 sectors, Modi stressed on continued political stability in India, predictability of policy, and pro-development and pro-growth policies.
Not many people know that today's BPM industry gives specialists great career options.
FIPB rejects proposals from firms that have not divulged details of beneficial ownership or source of funding
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
US-based global technology giant IBM expressed keen interest in participating in India's newly-launched initiatives like Smart Cities and Digital India.
The company raised $145 million (about Rs 1,000 crore) recently from investors. The portal, which has 15 million unique customers and 32 million visits per month, is already a market leader. Sohini Das reports from Ahmedabad.
The CEOs round table is expected to be attended by Apple chief Tim Cook, Walmart head Doug McMillon, Caterpillar's Jim Umpleby, Google head Sundar Pichai and Microsoft's Satya Nadella.
Reason for rejection hasn't been stated; deal among seven rejected transactions.
Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.
Juster, 62, is an old India hand who played a key role in the landmark Indo-US civil nuclear deal.
When Nehru came in active contact with Gandhi 100 years ago, he was a Westernised rationalist while Gandhi was deeply soaked in the Indian ethos and spirituality, notes Rasheed Kidwai.
American CEOs expected to meet Modi on Sunday include Apple's Tim Cook, Walmart's Doug McMillon, Caterpillar's Jim Umpleby, Google's Sundar Pichai and Microsoft's Satya Nadella.
Defence major Boeing on Monday proposed greater business engagement with India, as Prime Minister Narendra Modi promised the US companies to provide friendlier business environment in the country.
In India, many cities lack bicycle lanes and proper pavements. This, coupled with heavily congested roads, creates a danger to cyclists. Furthermore, the low costs of bicycles may make it more economical to buy than to rent.
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
After months of negotiations, an entity owned by Pune-based property developer Panchshil Realty and US-based private equity (PE) company Blackstone has bought a majority stake in Express Towers.
Government needs to focus on areas where reforms are much easier
Private equity and VC investments declined by 50 per cent. E-commerce deals lowest in value, volume in over 24 months. T E Narasimhan decodes the new EY report.
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
Reliance Capital, the financial services arm of Anil Ambani-led Reliance Group, has also listed several other concerns with regard to MXC deal.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
Deccan Chronicle had taken a Rs 170-crore loan from Future Capital and Rs 100-crore loan from Tata Capital.
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