Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
A complex holding structure and unrelated businesses clubbed under one roof could have been the reasons that prompted investors to shun the stock, experts say. These are likely to impact the company's ability to raise funds, too, they add.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
This is the third investment by News Corp in India.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
The Indian business community wants to see a strong stable government with a willingness to reform, break down the shackles of the past which is holding India back.
Licence winners are expected to be announced by the first quarter of 2014.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Like mutual funds, real estate funds (or Real Estate Investment Trusts - REITs as they are commonly referred to in the US) are founded by a group of real estate professionals
Probe has been completed against 83.
Investors across age groups and risk appetite can invest in these schemes.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
The total wealth of the ultra HNIs, or those with a networth of over Rs 25 cr, grew by five per cent to Rs 1.35 lakh cr.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
At present,Satish Khanna he is associated with companies such as Fullife Healthcare, Kagashin, Hi Tech, Provivi, Status Quo and Concord.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
Before you take the leap, get your financial house in order
Goals like buying a car or travelling abroad are short-term goals whereas purchasing a house or retirement planning are medium and long-term goals.
Experts say that the lockdown and its aftermath will further quicken the consolidation in the real estate sector, which has been taking place since 2012, with more small players going out of the business and bigger, branded players dominating the market.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Five of these have wound up since, according to records of the Ministry of Corporate Affairs
Keep regular track of financials, including cash flow and management changes
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The B-school also witnessed new roles in the domain.
Roopa Unnikrishnan, Commonwealth Games gold medalist pays tribute to her beloved coach Jalal Uncle.
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
'The workers's dance of wilful destruction has the potential to kill all investments planned in India by any foreign entity,' argues Dr Sudhir Bisht.
The exit of CBA comes hard on the heels of a court decision on Wednesday revoking the Australian government's environmental approva
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
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Reliance, Birla Group, Airtel eye small finance banks.
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
