Ambani to up ante by $3 bn on Ruia's hint at larger premium.
This will help the company reduce its debt that has doubled to Rs 40,177.6 crore in four years.
The Congress has raised several questions on the Rafale deal, accusing the government of compromising with national interests.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
After spending two seasons with the team as player, Australia's two-time World Cup-winning captain Ricky Ponting will take over as head coach of Mumbai Indians for the eighth season of the Indian Premier League. He will replace John Wright, who was the team's coach for Season 6 and 7.
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
China on Monday said Indian Prime Minister Manmohan Singh's three-day visit from Tuesday is of great importance for deepening strategic partnership amid expectations that the two sides would sign some key pacts, including one to prevent incursions along the LAC.
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
Defence minister claims MoD 'alive and kicking' after 'getting the weeds out'.
The agency would probe whether Sibal had shown undue favour to RIL.
'There is no secrecy clause to the price (of the aircraft).' 'There can be secrecy on the capability of the nuclear payload of aircraft and things like that, but the price is hardly a secret.'
Meanwhile, Congress president Rahul Gandhi took a swipe at the Modi government and Anil Ambani over the Rafale issue, saying that in order to bag India's biggest defence contracts one has to be a "defaulter of Rs 45,000 crore" and have "no relevant experience".
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
L&T chairman AM Naik is worried about few things.
The ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
Engineering conglomerate fended off three corporate raids but emerged stronger.
Prayas Jain has been arrested for allegedly buying secret documents.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
The Delhi high court on Tuesday refused to grant early hearing on the Central Bureau of Investigation's appeal challenging the acquittal of former Union telecom minister A Raja and others in the 2G spectrum allocation scam case.
Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.
The matter was mentioned before a bench of Delhi high court's acting chief justice Gita Mittal and kustice C Hari Shankar by Additional Solicitor General Tushar Mehta. The court allowed it to be listed for hearing on Wednesday.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
The document titled 'Details of the steps in the decision making process leading to the award of 36 Rafale fighter aircraft order' stated that the process as laid down in the Defence Procurement Procedure-2013 has been followed in procurement of the Rafale aircraft.
The high court's order came on a plea by acquitted individual and Kusegaon Fruits and Vegetables Pvt Ltd director Asif Balwa that the CBI has not placed on record the mandatory authority under the provisions of the CrPC.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
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