The dispute involves a UK-based hedge fund, Altima Partners, and the company's principal promoter Raghav Bahl, founder and largest shareholder of Network18, the broadcasting group which runs TV channels such as CNBC-TV18, Colors and Awaaz.
Interview with Uday Kotak, executive vice-chairman & MD, Kotak Mahindra Bank.
We have to walk a very fine line between our desire to mobilise more and more taxes or having higher percentage of taxes, he says
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Speaking to private TV news channel CNBC TV18, Naik said, "Some corporate action will take place in the near future but we cannot comment on taking over Satyam at this stage."
BCCI president Sourav Ganguly, who also holds the post of director at ATK Mohun Bagan, has decided to step down from the position in the Indian Super League franchise to avoid any potential conflict of interest.
Jet Airways shares fall as much as 13.6 per cent after media reported that the deal with Etihad may be called off.
The findings of the CNN-IBN & CNBC-TV18 'State of the Nation Poll', conducted by the Centre for the Study of Developing Societies, Delhi reflects the popular mood of a number of issues such as the popularity of political leaders, the economy, corruption and terrorism. The results of the poll on the theme 'Personalities and Leadership' shows that Congress General Secretary Rahul Gandhi is the preferred choice as prime minister.
Virtually ruling out closure of debt-laden Kingfisher Airlines (KFA), Civil Aviation Minister Ajit Singh on Thursday said promoter Vijay Mallya will have to take call on shutting down the business.
India needs to evolve a comprehensive security machinery with clearly laid down concepts, carefully defined leadership roles and a workable co-ordination drill.
There is nothing that is guaranteed in the world of television and loyalty is pretty fickle
Jayesh Gandhi, Fund Manager, Birla Mutual Fund says that they have exposure to Allahabad Bank, IOB, PNB and Union Bank.
This year saw quite a few celebs walk down the aisle.
Here's some details about the wedding preparations as well.
Supporting restrictions on capital flows in some situations, C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, said, "Capital flows are welcome. It is only in certain categories we want to discourage them"
Corporates are not really expecting a change in the capital gains taxation
Creating domestic demand through investment in sectors like construction and mass housing can get the economy back on a high growth path, Commerce and Industry Minister Kamal Nath said on Monday.
"About 70-75 per cent of the Indian economy seems to be doing better," Kamath, who is also the CEO and managing director of ICICI Bank, told private television channel CNBC TV18 during an interview. Contraction in agriculture and manufacturing have pulled down India's economic growth to 5.3 per cent in the third quarter, its lowest quarterly expansion in over five years, against 8.9 per cent in the same period a year ago.
The country's largest private sector lender, ICICI Bank, today said credit offtake will pick from July putting pressure on lending rates.
The government on Monday rapped state-owned BSNL for poor financial performance and made a case for disinvestment in the telecom PSU through an initial public offer.
The government had in June deregulated the prices of petrol but did not take a decision on diesel, which is used by various industries and the transport sector.
The private demand is still not picking up and the funds under market stabilisation scheme are also maturing.
In January, India allowed fuel retailers to raise the price of subsidised diesel every month and asked bulk buyers to pay market rates.
Planning Commission on Thursday said a desicion was expected shortlyon using foreign exchange reserves for infrastructure projects.
Ajit Motwani of Sharekhan picks some smallcap stocks with potential. Motwani likes Ratnamani Metals, WS Industries and Transport Corporation of India.
In the midst of the government-appointed Satyam board finalising the bidding norms for strategic sale, Corporate Affairs Minister P C Gupta on Wednesday said preference should be given to a good technology company or a reputed industrial house to take over the IT company.
"I have proposed demilitarization as a ... final resolution. Demilitarise Kashmir, give self governance to people of Kashmir with a joint management arrangement on top. This is an idea I am proposing."
CNBC-TV18 News reports that it has been able to confirm that the insurance giant is firmly backing Tata Sons. There is thus no possibility that the insurer will exit the group.
27-year-old entrepreneur Karan Vir spells out plans for his company Vimanika Comics and how he hopes to get an Oscar for India.
When your reputation is under attack, do not look for someone to blame, do not weasel out by citing technicalities, and do not sidestep responsibility. The to-do list forms this article. While you read it, send for Amitabh Bachchan
R Sukumar of Franklin Templeton Invetments (India) continues to be positive on the longer term prospects of the market although he feels that rising interest rates and inflation could pose as a problem in the short term.
NDTV will become a full time infotainment and entertainment channel
GAMES-TOURISM Tourism industry asked to cash on C'Wealth Games New Delhi, Aug 19 (PTI) With over one lakh foreigners expected to throng the city during Commonwealth Games, tourism industry must gear up to reap the benefits, Tourism Minister Kumari Selja said today.
'Indian stocks are richly priced relative to their emerging market peers'
The Budget will be presented in the first week of July, Finance Minister Pranab Mukherjee said.
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