Tech Mahindra, the highest bidder for Satyam Computer Services, has tied up Rs 875 crore funding from mutual funds and insurance companies and is in talks with banks to mobilise Rs 1,000 crore bridge loans.
In this regard, AIG has entered into an agreement with Aabar Investments PJSC to sell its subsidiary, the insurance firm said in a statement on on Monday. According to UK daily The Telegraph, the Swiss subsidiary would be sold for about $254 million.
Value stocks and stocks in trouble can be hard to distinguish. It's all about the research.
Many countries advised the return the high-denomination notes to the central bank for destruction, but these continued to be legal tender. This and the introduction of a new Rs 2,000 note in India are the two major differences between Indian demonetisation and those of other countries.
A solution to the troubled Dabhol Power project appears to be in sight with IDBI-led financial institutions eager to thrash out their disputes with offshore lenders at the forthcoming meet on May 12 in London.\n\n\n\n
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
ICICI Venture, which owns a 23 per cent stake in the beleaguered Subhiksha Trading Services, said its hands "are tied'' as the majority owner and founder of the retail chain, R Subramanian, kept all investors in the dark on the troubles of the company and failed to submit audited financial details.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
While the jury's still out on whether US President Barack Obama's proposed stimulus is the right way to help fix the economy, rising unemployment is something that's likely to trouble the President for many years to come.
The offer values HBOS at 12.2 billion pound, which is based on Lloyds TSB's closing price on September 17, 279.75 pence, Lloyds said. Under the terms of acquisition, HBOS shareholders would receive 0.83 Lloyds TSB shares for every one HBOS share.
The top line is in trouble, but lower prices of inputs have helped companies salvage profitability. That's not helping their bottom lines though - net profits have slipped sharply.
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
Debt conversion formula will increase govt stake.
Deccan Chronicle had taken a Rs 170-crore loan from Future Capital and Rs 100-crore loan from Tata Capital.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
'This bill is for the children of Partition who are still subject to inhuman barbarism because they profess a faith rooted in India.' 'If India fails them, we shall be no better than a Pakistan which brutalises its minorities and has turned into a factory of intolerant bigots,' says former BJP MP Tarun Vijay.
Despite carmaker drama in the U.S., and a failed deal with Chrysler, China's auto champ may be poised to go international.
'India has a conviction rate of about 25% for serious crimes. This means that 75% of the time the police probably get the wrong suspect, and this makes murdering them in an encounter more morally problematic for the officers concerned.' says Aakar Patel.
Vikram Pandit may thank the TINA (There Is No Alternative) factor for still being in job as Citigroup CEO, as the US government reportedly did not push for his ouster in its rescue package for the troubled bank partly because there was no "obvious" successor.
Global investment banking and securities firm Goldman Sachs has expressed interest in acquiring equity in Delhi-based SpiceJet even as top sources said talks for a merger with Kingfisher Airlines are on track.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Magsaysay Award winner and social activist Sandeep Pandey on Wednesday rued continued imposition of 'draconian' Armed Forces Special Powers Act and other 'black laws' in conflict-ridden north-east India and Jammu and Kashmir.
'On the drive to the airport, the streets are lined with men in battle camouflage carrying assault rifles and bearing familiar faces -- Tamilians, Bengalis, Punjabis, feared by the locals and in turn fearing them,' notes Aakar Patel during a visit to Srinagar.
Jaydev Unadkat was the most expensive purchase to continue his good run at the auction.
The government may scale down security of Kashmiri separatist leaders, who snubbed members of all-party delegation on Sunday.
The 60,000-seat arena will host its first Test after a rich 47-year run at the nearby WACA, located on the opposite bank of the SwanRiver, and the grassy drop-in wicket unveiled on Thursday has fuelled anticipation of a pace bowler's paradise.
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
This is the first visit by diplomats to the newly carved out UT.
The Supreme Court says the 'whole exercise appears to be an eyewash'.
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Sahara relied on a letter from bank saying the funds were there.
The domestic unit moved in a range of 64.14 and 63.99.
The troubled Lotus Formula One team were locked out of their paddock hospitality at the Japanese Grand Prix on Thursday while freight, including engines, was also held up by payment problems.
The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
Union Ministers Arun Jaitley and Venkaiah Naidu have also spoken to Thackeray.
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