Ruias have rights to tag along with Hutch in any sale.
The carrier, which is owned and promoted by Jeh Wadia, has been valued at $314-400 million by private equity investors. At 28 per cent, the value of the proposed investment is expected to be $88-112 million.
'Outsourcing and offshoring are realities. The clock cannot be turned back. The train has left the station and it will not be going back,' says Dilip R Vellodi, founder, Sutherland Global Services.
50 PE players rate the Indian real estate sector as an 'attractive' destination and 79 per cent of them feel that India is a 'very good' or an 'excellent' investment destination compared to other Asian countries.
The government said on Wednesday that it has appointed management consultant Ernst & Young and NSE's infotech subsidiary, NSE.IT, as its technology advisors for providing online facilities to all tax payers under the "taxnet" scheme.
No matter how supportive your organization might be, coming out to your colleagues is not always an easy process.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
Global IPOs raise a record $246 billion in 2006.
Immediately after the Enron debacle we found that a lot of US trading companies were badly affected by downgrades. Most of them pulled out of the electricity trading market in the UK. What is left now are the big and original players.
When Ernst & Young got the mandate from Vodafone late last week to carry out a due diligence on Hutchison-Essar Ltd, it was another feather in the cap for Rajiv Memani.
In a restructuring mould, O P Jindal group company, Jindal Strips Ltd is planning to hive off its subsidiaries Jindal Holdings, Jindal steel and Alloy and Jindal Stainless (Mauritius) as separate companies.
I believe crude prices on a long-term basis will be between $40-$50 per barrel, achieved through the natural demand-supply balance and market adjustments.
Kingfisher Airlines chief Vijay Mallya on Saturday said the company would make a bid to buyout the entire stake in Air Sahara.
Brijmohan Lall Munjal, chairman of the Hero Group, has become the first Indian to be selected to the international panel of judges for the Ernst & Young World Entrepreneur of the Year.
The Venture capitalist investments in Silicon Valley declined to $1.4 billion in the last quarter of 2004, the lowest in past seven years, according to a recent survey.
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