Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
The promoters who own the Leela brand will also be transferring the label to Brookfield for all hospitality businesses.
A US judge has asked prosecutors to provide specific financial benefits they allege former Goldman Sachs director Rajat Gupta made by passing inside information to his friend Raj Rajaratnam amidst allegations that he also tipped him about Proctor and Gamble's 2008 sale of Folgers Coffee Co to JM Smucker.
Mario Balotelli has grown up and is no longer like Peter Pan, the Italian striker told a news conference on Saturday ahead of Italy's Euro 2012 quarter-final against England.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Competitive price will face stiff challenge from incumbents such as DD Free Dish
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
India's first teaching programme in Citizen Journalism, a certificate course launched by the JM Foundation for Excellence in Journalism and Gujarat Media Club, will be held in Ahmedabad from March 4 to 6, 2011.
Rajneesh Gupta presents all the important numbers after the third week of IPL 2020.
Six months after the Paras deal, Actis wants to exit Sterling Hospitals, a Gujarat-based multi-speciality hospital chain with six centres, according to three independent sources in the know.
JM Foundation for Excellence in Journalism (www.journalism.org.in ) has announced India's first teaching programme in Citizen Journalism. The 10-session module, across two months, will begin on August 1, 2010. Minimum requirement is basic language skills in any Indian language. Age is not a bar.
India's first teaching programme in Citizen Journalism, a certificate course launched by the JM Foundation for Excellence in Journalism, will be held in Goa from November 12 to November 14, 2010.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
Five to six issues may hit the market if Chalet Hotels's IPO is successful and if there are no negative surprises in the Union Budget on February 1.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
The Axis Bank share sale was launched on Thursday in an indicative price band of roughly Rs 1,290 to Rs 1,357 a share.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Banks may have kept overall lending rates unchanged despite a rise in policy rates but have started increasing rates on corporate loans in the sub-benchmark prime lending rate (BPLR) segment.
The longlist includes Summertime by JM Coetzee, who is one of only two novelists to have won the Booker Prize twice with Life & Times of Michael K in 1983 and Disgrace in 1999.
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.
The order given by Justice K C Bhanu also covers the lookout notice served on him and proceedings in various lower courts.
The managers see Sensex trading at a P/E of 16.
A delegation of MPs from Tamil Nadu on Saturday arrived on a five-day visit to Sri Lanka, during which they will visit camps where Tamils displaced due to the civil war are currently lodged.
The Andhra Pradesh police have issued an "international lookout notice" against JM Financial chairman Nimesh Kampani and 17 others in a case involving Nagarjuna Finance, the non-banking finance company of the Nagarjuna group.
At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
Banks may reduce interest rates in keeping with the RBI's rate cuts, but they are unlikely to lend more till corporate balance sheets start looking healthier.
'It seems to us that bureaucracy is again at its best machination to delay, dilute and finally destroy our most legitimate, already sanctioned scheme of OROP.' The letter the Veterans sent the prime minister.
The Nifty shut shop below the 5300 mark at 5262, down 40 points. Not all was gloomy though. The mid-cap index ended marginally up at 6789 and the small-cap index addd nearly 1% at 8455.
Life Insurance Corporation of India (LIC), the country's biggest insurer, said it did not participate in Tata Motors' Rs 4,145-crore rights issue as the shares continued to trade below the offer price till the last day of the subscription today. The move resulted in the issue devolving on the promoters and the underwriter, JM Financial.
MFs are planning schemes that will give fund managers the leeway to adopt strategies in line with the market conditions. Fund houses want to ensure they are not restricted by the fund's investment mandate about having to invest in certain sectors even in case of change in sentiment. According to the offer document, if the fund manager expects the markets to head downwards, the scheme can hedge exposure to equity either fully or partially by initiating short futures positions.
Rajneesh Gupta presents Sunrisers Hyderabad's IPL record over the years.
Arsenal extend Aubameyang stay with new three-year deal
Analysts expect the indices to dip further if the global macros do not stabilise
If you are planning to invest in Fixed Maturity Plans, think twice. Because most mutual fund managers believe that FMPs are unlikely to give higher returns as they did last year. And, this is beginning to show in their collections as well. In March 2007, FMPs had collected Rs 30,869 crore (Rs 308.69 billion). In March 2008, they attracted only Rs 21,688 crore (Rs 216.88 billion). Even in April this year, 62 schemes collected only Rs 1,126 crore
In the third part of this five part series on top 25 mutual funds analysed by Value Research we produce the next best five mutual funds that investors can put their money in for the long term.
Rajneesh Gupta presents all the important numbers after the fourth week of IPL 2020.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
This comes on the back of impressive performance in infrastructure stocks in 2006 and in the first seven months of this calendar.
