The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
On the telecom sector, he demanded auctioning of more spectrum.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Seven students were made international offers.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Vodafone Idea, which reported a loss of Rs 6,439 crore in the December quarter, said it had received letters from the department of telecommunications (DoT) directing immediate payment of dues amounting to Rs 54,000 crores after the SC judgment. "The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR, as interpreted by the Supreme Court in its order dated October 24, 2019. The company proposes to pay the amount so assessed in the next few days," it stated.
In August, RBI allowed 11 business houses to start a payments bank.
Nearly 150 companies visited the campus this year.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Most of the hirings are, however, in the entry or junior level.
As A M Naik stepped down as L&T CEO, there are some things he still needs to take care of. And given his love for his company that's not the last we are going to hear of him yet.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Some experts had said the Budget did not have much in terms of big ideas.
IIM-Trichy has seen a dip in the number of offers per recruiter. IIM-Udaipur is yet to place 20 of its 144 students.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
Idea may have to shell out Rs 4,500 crore in cash
Five out of the top 10 companies in Fortune 500 list of Indian companies are from the oil sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
'Research shows that customers want their loans instantly.' 'So the team asked can we reduce the time for approval from 5 days to 30 seconds?' 'It took the company two years of hard work to tear apart our operations and processes and rebuild them through fresh ideas and by leveraging technology.' 'We reduced the time of loan approval to 3 hours and another year to get it down to 30 seconds,' Sanjiv Bajaj tells Surajeet Das Gupta.
Indian CEOs might like to make some serious course correction.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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