Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
The ED told the apex court that during the investigation it found Chidambaram had 11 'immovable properties' and 17 bank accounts abroad and his custodial interrogation was required to unearth the larger conspiracy in the case.
No one was hurt in the incidents which took place within minutes of each other.
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Cairn India said the company board has accepted Elango's resignation.
Idea may have to shell out Rs 4,500 crore in cash
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Both Airtel and Vodafone claim they did everything possible to resume services.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
The annual study by the research agency shows that Amul, Amazon and Coca-Cola were the most-recalled brands on IPL.
The company has reportedly been in the process of shutting its CDMA business and shifting its subscribers to 2G, 3G and 4G networks.
Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore (Rs 610.91 billion) in terms of value.
MS Dhoni all set for new innings.
He said the plea pertained to his liberty, which was 'illegally curtailed'.
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
A glance back at some of the important ups and down Indian Inc faced in 2018.
ICICI Bank has 317 branches in hitherto unbanked villages.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
The company needs Rs 2,000 crore more in 2 years to repay debt.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
They are sure not to like this particular one, observes N Sathiya Moorthy
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
The company will wait for sizeable user base for better valuation.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Few top honchos of India Inc did very well in 2014.
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