Maruti Suzuki India (MSIL) will issue equity shares on a preferential basis to parent Suzuki Motor Corporation (SMC) to acquire 100 per cent stake in the latter's Gujarat plant. This deal is expected to increase the share base of MSIL by about 4 per cent. And consequently, it will raise SMC's shareholding in Maruti by around 1.8 percentage point. "Whether it is in terms of PAT (profit after tax) or earnings per share (EPS) or dividend per share (DPS) of MSIL, the share-swap option will give shareholders a better deal than any other option such as cash payment," MSIL chairman RC Bhargava told reporters during a press conference.
The petition has also made the Ministry of Finance and the bank as parties in the case.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
Maruti's strategy for the SUV segment is to arrest the decline in customers for entry level hatchbacks.
With this, the ruling BJP has so far declared candidates for 136 seats. Earlier, the BJP had announced 79 candidates, including two lists of 39 each, and another list of one nominee.
The poll panel carried out a "complete review" of the Covid status and took inputs from medical experts on "safety measures to be ensured" during campaigning and polling.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
Behind its high-decibel campaign, powered by well-organised party machinery, the BJP also appears to have made a slight departure from its 'next generation' approach to stay ahead of an aggressive Congress and enhance its prospects of securing a majority of seats.
While one NBW was issued in a 2012 cheque bounce case following Mallya's non-appearance, another was in a case of allegedly evading summons in a FERA violation matter.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
Two issues dog the sale of the national carrier. One is the $2 billion bank guarantee the winning bidder will need to furnish. The other is the nearly 5000 lawsuits filed against Air India, many of them overseas. Anjuli Bhargava reports.
The company, which sells every second car in the domestic market, said it expected production and sales to grow between 4 per cent and 8 per cent for the financial year started in April.
The Tatas are rather overwhelmed with some facets of the airline they have discovered, but even more unnerved by what they may not have yet uncovered, reveals Anjuli Bhargava.
The MSI board has recommended a dividend of Rs 75 per share of face value Rs 5 for 2016-17 entailing a total outgo of Rs 2,726 crore inclusive of taxes
Some thumb rules from entrepreneurs to help you set up and get going.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
'You will see more laws that treat Hindus and non-Hindus, especially Muslims, quite unequally.' 'Once you see this kind of erosion of secularism, it will be very hard to get it back.'
After two and a half months of taking oath, MP Chief Minister Shivraj Singh Chouhan has many challenges before him. The first is to tackle the Covid-19 pandemic, which has affected more than 10,000 people in the state. But The political challenges are even more daunting, reports Sandeep Kumar.
The notification bans carry bags, one-time use of polyethylene, straws and thermocol
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
Kerala health minister Veena George, who reviewed the state's COVID-19 situation two days ago, today blamed the violation of home quarantine directives for the worsening situation and cautioned against the increased indoor transmission of coronavirus at homes.
As the global debate on booster shots gathers momentum, several scientists in New Delhi said the priority must be to ensure that more people are inoculated with at least their first jab.
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.
We celebrate Independence Day with this special feature, published on Rediff.com in January 2013.
The list of the prestigious Padma Awards 2016 awardees is out and superstar Rajnikanth is set to be honoured with the nation's second highest civilian award, the Padma Vibhushan.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
In a surprise move, the Bharatiya Janata Party has decided to filed Madhya Pradesh Chief Minister Shivraj Singh Chouhan from the Vidisha seat along with Budhni, from where he has already filed his nomination for the assembly election.
'By August 2018, it was evident that Jet was heading into serious financial trouble.' 'Why didn't the DGCA stop all advance bookings right there and then?' asks Anjuli Bhargava.
Anant National University in Ahmedabad aims to design a new future for India.
A month after the worst natural calamity in Uttarakhand, the state government, which is grappling with a myriad of daunting tasks, on Tuesday started distributing compensation to the next of the kin of those killed in the devastating floods.
When the move was first thought of it was at the behest of Jet Airways, IndiGo, SpiceJet and Air India. Only Vistara and AirAsia were opposing it as they were doing the poaching, says Anjuli Bhargava.
Some eyewitnesses alleged that the victims suffered bullet wounds but district authorities denied that there was any firing by police
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
As the dust finally settles on the outcome of the Lok Sabha elections 2019 and Bharatiya Janata Party along with its NDA allies emerges as the clear winner, here is a list of who won in each of the 7 phases of elections.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
It is imperative that the government first decides who should assume ownership of running Air India.
