The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
Recession and tight liquidity has forced Bollywood to go in for cost cutting and slowdown on several projects. Filmmaker Mukesh Bhatt feels that distributors have been severely hit by the recession.
The Samajwadi Party, the Rashtriya Lok Dal and some smaller parties will contest the 2022 Uttar Pradesh assembly polls together, and an announcement in this regard would be made soon, SP chief Akhilesh Yadav said on Tuesday.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
With recession threat looming large, Indian corporate houses may be forced to rethink their projects, which have been stalled following problems in land acquisitions, industry analysts said.
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
ITC has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready, chairman Sanjiv Puri said on Wednesday. The company is pursuing an accelerated journey to build a dynamic utureTech' enterprise by investing in cutting-edge digital technologies to shape a new paradigm of competitiveness, create innovative business models and tap newer opportunities, he said while addressing shareholders at ITC's virtual annual general meeting. As part of the next horizon vision, the company is "proactively exploring inorganic opportunities" even as it has shrunk "business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business" while the existing growth platforms comprising megabrands will be scaled up and fortified.
Only a handful of overseas acquisitions by Indian firms have survived the bloodbath, says Bhupesh Bhandari.
The 190-km railway line will be between Dadri in Uttar Pradesh and Phulera in Rajasthan, which fall under the Western Dedicated Freight Corridor
With telecom disruptor Reliance Jio not raising tariffs, incumbents Bharti Airtel and Vodafone Idea are focusing on the minimum monthly recharge and higher first recharge offers to ensure they retain only loyal and revenue-incremental subscribers, reports Romita Majumdar.
SBI is expected to mop up almost $202 million via the share sale.
RNOR status is a sub-set of the Resident Status.
Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
Boeing is pressing hard to win the Indian Navy contract for 57 aircraft carrier-borne fighters. It could offer the Super Hornet in the ongoing IAF procurement of 114 medium fighters; its upgraded F-15EX fighter also on the list.
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
The Halol facility is important for the company as it accounts for 10 per cent of Sun Pharma's sales.
In its first-ever break through in the United States, Reliance Industries Limited on Friday said its subsidiary Reliance Marcellus LLC would enter into a joint venture with United States-based Atlas Energy.
Snapdeal's new customer acquisition has doubled.
Says govt is creating conditions for greater private investment
A galaxy of dignitaries including Defence Minister Rajnath Singh, his French counterpart Florence Parly, Chief of Defence Staff General Bipin Rawat, Air Chief Marshal R K S Bhadauria and Defence Secretary Ajay Kumar will attend the ceremony.
Even a cursory look at some recent land deals -- even in states like Uttar Pradesh or Haryana, which have so-called model land acquisition policies -- shows that the compensation package for land losers is usually a tiny fraction of the entire project cost.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Modi had clearly not come to terms with the limits to a prime minister's powers, any prime minister's powers however strong numbers he may have in Parliament, observes Virendra Kapoor.
For PPP projects, clause on consent requirement could be abolished or brought down to 50% of land owners, against the current 70%
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
He said the government proposes to extend Pradhan Mantri Kaushal Kendras to more than 600 districts across the country, from 60 districts at present.
After a plethora of mergers and acquisitions, domestic firms are finding the European island a suitable place to set up subsidiaries to carry out global buyouts.
Whatever happens to WPP, the marketing communications business will no longer be the same again, says Sreekant Khandekar.
Arysta, the target, is a leading crop protection and life sciences firm.
'India needs offensive and defensive security measures to protect itself.'
The Tata Group had acquired its UK steel operations as part of a 6.7 billion pounds acquisition from Anglo-Dutch steelmaker Corus in 2009.
Sources close to the development said senior executives of these three companies recently visited the facilities of Stelco, which was put on the block last month.
Leveraging global capital markets to give muscle to an innate competitive advantage in rapid mass transaction systems will lead to India becoming a petri dish for global enterprises and new-age innovation that it yearns to be.
It is awaiting clarity on a regulatory decision allowing it to raise tariffs.
Proposals have been received for preparing the project report for the 600-km Delhi-Katra Expressway
