Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them.
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
The data will be released in coordination with the Reserve Bank, which has so far been the sole agency for compiling information on the outward FDI.
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
India is one of the largest defence importers.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
Taliban failed to honour Doha accord, never renounced Al-Qaeda: US general Mark Milley
'IPOs not clicking is cause for worry,' says Sebi chairman.
The department of industrial policy and promotion, nodal agency for FDI policy under the ministry of commerce and industry, seems to have prepared a note for the Cabinet Committee of Economic Affairs to consider.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
How the first FDI in aviation was achieved.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Chidambaram was competent to give approval of upto Rs 600 crore but he gave the approval which was worth approximately Rs 3,500 crore
A two-year extension at the helm of the RBI still looks a real possibility
Work is underway in identifying global companies in sectors ranging from electronics, auto components and medical equipment to shift part of their existing or incremental manufacturing to India.
The demand for a Joint Parliamentary Committee probe into disclosures by retail giant Walmart on lobbying in India was made by several members in the Lok Sabha on Tuesday.
The Budget sets out a comprehensive vision.
Greenpeace activist Priya Pillai was offloaded from her flight to London as her proposed "testimony" before a British parliamentary committee would have been "prejudicial" to India's interests, the Centre has told Delhi High Court.
Etihad to have 2 directors even if it dilutes stake to 15%
Realising that the numbers are stacked in favour of the government, the Bharatiya Janata Party on Tuesday appeared reluctant to support the no-confidence motion that the Trinamool Congress has threatened to move against the ruling United Progressive Alliance, but is gearing up to corner it on the issue of Foreign Direct Investment in retail by seeking a vote on it.
Another point of contention is the invoice issued by the e-companies.
The Kerry Lugar bill that would give a whooping US $ 7.5 billion non-military aid to Pakistan, which US President Barack Obama last week termed as a "down payment" and "investment" into America's future, would be introduced in the US Senate on Thursday.
Govt's move will facilitate entry of global giants such as Total SA of France, Saudi Arabia's Aramco, BP Plc of the UK, and Trafigura's downstream arm Puma Energy.
Promoters, who have a higher degree of accountability and public responsibility, should share more details about themselves.
The government wants to use the FDI victory impetus to clear the Companies Bill and those amending the banking and pension Acts.
The session started on January 29 and was originally slated to end on April 8 but several members had urged Speaker Om Birla to end the session earlier as they focus on electioneering for the five assemblies.
The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).
The encouraging response, at the auction held on Thursday at Bombay Stock Exchange, came at a time when Foreign Institutional Investors have been pulling out from Indian debt market heavily.
Breather for FIIs: MAT assessments, fresh notices put on hold.
Calling COVID-19 pandemic and vaccines as one of the most important aspects of his discussions with top officials of the Biden administration, External Affairs Minister S Jaishankar has said the endeavour is to expand production of vaccines in India with assistance from the US.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
The brokerage said it has high hopes for recovery and reforms following the general elections.
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
The new norms provide an operational framework for FPIs, a new class of overseas investors that club all existing class of investors like foreign institutional investors and Qualified Foreign Investors.
