Hyderabad is rapidly emerging as a strategic hub for multinational companies (MNCs) deepening their focus on artificial intelligence (AI), life sciences, and global capability centres (GCCs), supported by the city's strong pharmaceutical (pharma) base, deeptech talent pool, and a policy environment that encourages high-value investment.
As fintech major Pine Labs gears up for its initial public offering (IPO), its Draft Red Herring Prospectus has highlighted its top executives' pay and stock options, including those of Chief Executive Officer (CEO) Amrish Rau. Rau's net worth is estimated at Rs 850 crore-1,000 crore following the IPO.
Private equity company Actis is in talks with Isuzu Motors for exiting automobile company Swaraj Mazda. According to sources, though Actis has been looking to exit for quite sometime, the deal is stuck over difference in valuation.
Six months after the Paras deal, Actis wants to exit Sterling Hospitals, a Gujarat-based multi-speciality hospital chain with six centres, according to three independent sources in the know.
Private equity investor Actis is set to acquire a stake in infrastructure major GVK's power business for about Rs 1,000 crore, according to sources close to the development.
Global banks Morgan Stanley and Citigroup and private equity firm Actis today collectively bought a six per cent stake in the National Stock Exchange (NSE) for an undisclosed sum.
Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
Actis has sold off its five per cent stake in UTI Bank to foreign institutional investors for Rs 130 per share.
The cash offer for 2.621 million shares would open on November 23 and close on December 13, 2004, ICICI Securities Ltd, manager to offer, said in a public announcement on Tuesday.
Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
The Left alleged that India was leaning toward imperialist United States which was against India's interests.
'The two characters I play symbolise two important aspects of life -- Sneha (friendship) and Preethi (love) -- that form the foundation of life for us all.' Meghana Raj gets ready for Raja Huli's release.
The film's director talks about his latest venture.
Markets regulator approves proposal to transfer promoter holding in excess of 75% to irrevocable independent trust.
It indicates that the economy has remained frail at the start of the new fiscal year.
Trade analyst Vinod Mirani gives the box office verdict for the week.
As a former IPS officer-turned-lawyer charged India Against Corruption with concealing facts on Sharad Pawar, the Arvind Kejriwal-led grouping on Thursday said the issue should be confined to the Lavasa scam and not taken as a "Arvind Kejriwal vs Y P Singh war".
The actor sports a new look and plays the role of a don in the film.
According to a report by global deal tracking firm mergermarket, M&A activity in the Asia-Pacific region as a whole dropped to $72.9 billion, a decline of 26.1 per cent by value from first quarter of 2012 ($98.6 billion).
As a ruling party MLA, he led an agitation to oust a cement plant but will the rebel against his own party government win the electoral battle that he has jumped into?
Prime Minister Manmohan Singh on Friday said he is sincerely hoping that Congress leader Rahul Gandhi will "seriously" consider his request to join the government.
Metropolitan magistrate Sudesh Kumar will on Wednesday record the pre-summoning evidence in the criminal defamation case filed by Lt General Teijinder Singh against Army Chief General V K Singh.
The ruling Samajwadi Party in Uttar Pradesh on Friday expelled its three leaders in Etah, including a former member of Legislative Assembly, for their involvement in anti-party activities.
The report said that out of them, six are generation companies, 11 distribution firms and one transmission entity. The process of privatisation is being handled by Nigeria's Bureau of Public Enterprises (BPE).
The Indian government appears to have been caught napping in the Maldives on two counts, says security expert B Raman.
Seven-times Grand Slam winner Venus Williams has withdrawn from this month's Australian Open saying she is not ready to return to action after being sidelined because of health reasons.
An anonymous call threatening to kill Prime Minister Dr Manmohan Singh and Bharatiya Janata Party patriarch A B Vajpayee have prompted security agencies to conduct searches in the National Capital Region to identify the caller, sources said on Wednesday.
In the second and concluding part of the series on common English blunders, language expert Preeti Shirodkar shares with us the most common blunders Indians commit while speaking and writing in English.
Multinational FMCG giant Reckitt Benckiser on Monday said it has agreed to fully acquire Ahmedabad -based Paras Pharmaceuticals Ltd for Rs 3,260 crore (Rs 32.60 billion).
Yusif Yakubu struck twice in the second-half to help United Sports Club make a stunning comeback and beat Mumbai FC 3-2 in a 116th IFA Shield fixture at the Yuba Bharati Krirangan in Kolkata on Wednesday.
Australian captain Ricky Ponting's doubts about the genuineness of his team's win in the Sydney Test against Pakistan are mounting amid reports that the ICC knew of suspected match fixer Mazhar Majeed's activities during the game.
With barely a day left for the verdict on the Ayodhya title suits to be pronounced by the Lucknow bench of the Allahabad High Court, an alert has been sounded across the Uttar Pradesh.
With the Kerala Youth Congress elections round the corner, the bitter rivalry between state party president Ramesh Chennithala and leader of Opposition and former chief minister Oomen Chandy has come to the fore. According to sources, Thiruvananthapuram's beleaguered Member of Parliament Shashi Tharoor has extended his support to Chandy, who has stood by the former minister of state for external affairs though the present IPL crisis.
A single unified definition of infrastructure should not be attempted. It is neither desirable, nor useful.
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