With RIL entering a new growth phase in telecom and retail, gen-next, say RIL executives, could soon be seen holding the reins of the firm, assisting their father, Chairman Mukesh Ambani.
US Commercial Service, the nodal agency for identifying business prospects and partners in the US, has been successful in working out 600 business deals for the Indian companies in the past one year.
Taro, which has been warding off a takeover bid by the Indian firm ever since their proposed $454 million merger deal was called off in 2008, warned the shareholders that if Sun was successful in its bid, then the Israeli firm may be facing the same fate as that of Caraco Pharmaceutical Labs.
Premier Automobiles Ltd is planning to launch its light utility van in September-December 2003 and expects to make "substantial profit" from this project with annual sales of 10,000-12,000 vehicles.
Kingfisher Airlines' plans to raise $400 million are on track and private equity players have showed keen interest in investing in the airline, its chairman Vijay Mallya said on Friday after the annual general meeting in Bangalore.
Reliance Industries chairman Mukesh Ambani on Monday announced a Rs 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali. Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM.
Anil Ambani Group firm Reliance Power has chalked out an ambitious plan to invest about Rs 80,000 crore (Rs 800 billion) in the next three years for creating 20,000 MW of thermal power generation capacity.
State-run Indian Oil Corporationon Tuesday said that it has earmarked $1 billion for the acquisition of good-quality producing or developing E&P assets abroad.
The group has charted a growth plan through managing properties.
Dismissing all suggestions that only a Parsi with a Tata name would succeed him, Tata Group chairman Ratan Tata on Monday said that the new incumbent would neither be a pro-Parsi nor an anti-Parsi, but the 'right person'.
Ginger Hotels are the Tata Group's chain of budget hotels.
The bitter feud in the Rajasthan Cricket Association has prompted the Board of Control for Cricket in India to shift the opening One-Day International in the best-of-seven series between India and Australia, on October 25, from Jaipur to Vadodara.
The government has set a target of bringing the fiscal deficit down to 5 per cent of the GDP by 2011, and 4 per cent of the GDP by 2012.
Manjhi's son Santosh Suman, who is a minister in the Nitish Kumar cabinet, made the statement a day after reports emerged that a seat-sharing formula has been arrived at in the National Democratic Alliance, and the HAM was likely to get only one of the state's 40 constituencies.
Reliance Communications (RCom), the country's second biggest mobile operator promoted by Anil Ambani, has earmarked Rs 30,000 crore for capital expansion this financial year with an aim to take its subscription to 100 million by 2010 from the current 60 million.
State-run utility NTPC plans to more than double its power generation capacity by 2017 from the current 30,000 MW, diversifying further into renewable and nuclear energy.
Gopal Krishna Gandhi played a crucial role in trying to resolve the stalemate at Singur where Tata Motors suspended work on the Nano small car project for almost a month. The stand off between the ruling Left Front and the Opposition Trinamool Congress over acquisition of land for the project had dampened the prospects of Nano-roll out from the state as had been planned earlier.
The tobaccos-to-hospitality major ITC has earmarked an whopping Rs 23,000-crore (Rs 230 billion) investment over the next seven to ten years for its FMCG, paper and hospitality businesses.
It is confidential for Bajaj, Nissan and Renault and so, I will not speak much about it." The total cost of this project is Rs 2,000 crore (Rs 20 billion).
Rahul Bajaj, the chairman of steel firm Mukand, is expected to resign on Saturday and continue as a director on the board
A huge market for private equity investment is waiting to be tapped in India and China, the two rapidly growing economies of the world, speakers at the ongoing annual general meeting of Asian Development Bank (ADB) said.
Board of Control Cricket in India president Shashank Manohar was on Wednesday authorised to resolve the IMG issue and report back to the board at its Annual General Meeting on September 24.
Due to the over-heating of the valuations of companies in India, private equity player Electra Partners is giving greater emphasis to investments in South East Asia.
After a successful career as a player, Matthew Hayden is now gearing up to become an administrator and could replace Allan Border in Cricket Australia's Board.
When Indian Hotels Chairman Ratan Tata told shareholders at the annual general meeting earlier this week that the hotel chain, which operates the Taj group, continues to be impacted by the slowdown, he was merely echoing what P R S Oberoi, his counterpart at the East India Hotels (EIH), had said recently.
Former West Bengal Director General of Police Dinesh Bajpai will take on the veteran cricket administrator in the Cricket Association of Bengal's election for president.
The decision to bid for the Games, with Delhi as host city, was taken at the Executive Council and Annual General Meeting of the IOA.
Shareholders took the FMCG major to task on issues ranging from the mercury pollution in the pristine environs of Kodaikanal in Tamilnadu to changing the name to Hindustan Unilever Limited.
Former Board of Control for Cricket in India president AC Muthiah bit the dust in the Tamil Nadu Cricket Association elections as Board treasurer N Srinivasan and his team made a clean sweep, winning all the posts. Srinivasan and Kasi Viswanathan were re-elected as the president and secretary respectively of the Association in its 78th Annual General Meeting in Chennai.
State higher education minister R Bindhu has directed a three-member team, comprising the principal secretary of higher education, and Cochin University's vice-chancellor and registrar, to inquire into the stampede incident, an official release said.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh on Tuesday said that interest rates may rise owing to higher inflation, but lending rates are unlikely to change in the next one month.
Indian conglomerate Tata Group Chairman Ratan Tata has said that Tata Motors will have an electric car in the market by September this year.
West Bengal government would continue to invite investments despite the controversy over acquisition of agricultural land for setting up industrial units, the state's industry minister Nirupam Sen said on Tuesday.
Recently, the company had forayed into the segment of manufacturing accessories for ladies like handbags. At present, shoes for defence personnel were mainly procured from the unorganised sector.
Rakesh Mohan, deputy governor of the Reserve Bank of India, said on Monday that it was only after the central bank took a slew of steps that the decline in the economy was arrested and that inflation is not a concern anymore.
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