Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
Reports have suggested Rs 400-650 as the possible IPO price
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.
As unified payments interface gets popular, cash transactions will come down as most small payments will be routed through this.
Volkswagen was not the largest carmaker in the US and that North America accounted for merely 1-1.5 per cent of its total sales.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Market participants are now awaiting Thursday's meeting of the European Central Bank
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
Busting a major 'front running' case in the stock market, Sebi on Friday ordered impounding of unlawful gains worth nearly Rs 15 crore (Rs 150 million) from brokerage firm Sharekhan and 15 other entities.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
The FY13 fourth quarter (Q4) earnings, however, fell short of analysts' expectation, as debt was still high at Rs 21,730 crore (Rs 217.3 billion), with much of the targeted non-core sales done.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
RIL says Sebi has not asked for revision of offer price, expecting clearance soon.
Sensex rises, Nifty ends at record high; RIL shares rally.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The short-term target for Sensex is at 13,900, and for Nifty is at 4,000.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
With Mukesh Ambani taking over Network 18, the space for disseminating a diverse range of views could shrink, feels Paranjoy Guha Thakurta.
India is the world's second-biggest sugar producer after Brazil and has been looking to offload a surplus in an already well-supplied world market.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
The Vanchit Bahujan Aghadi has called for the statewide shutdown to protest against the Citizenship (Amendment) Act and the proposed National Register of Citizens. Barring stray incidents of stone pelting and attempt to disrupt road traffic in Mumbai, there was not much impact of the bandh in the metropolis.
Dabur gets nearly a third of its Rs 2,900-crore international sales from Africa
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
