In yet another major Indian takeover, Religare, a financial services company owned by prominent businessmen Malvinder and Shivinder Singh bought London's oldest stockbroker, Hichens, Harrison & Co on Friday. The deal is seen as another example of India's growing economic clout overseas. Two weeks ago, Tata Motors bought the prestigious Jaguar and Land rover models from Ford.
The Argentinian becomes the first brand ambassador of the company in its 70-year history.
Tata Motors, India's largest commercial vehicle maker, has postponed plans for an overseas equity issue and sale of investments to repay the $3 billion bridge loan it took in June last year to acquire the Jaguar and Land Rover brands from Ford.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI. The country's largest lender is also in talks with two-three public sector banks to be a part of the consortium, the source said. The company reported a loss of $12.7 billion for the fiscal ended December 30, 2006.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
Air Chief Marshal B S Dhanoa calling the FOC a 'major milestone'.
In 2013, India had displayed the Inter Continental Ballistic Missile Agni V during the Republic Day Parade. The chief guest at that time was Bhutanese King Jigme Khesar Namgyel Wangchuck.
DLF is paying $200m for a controlling stake in Amanresorts. The deal comes at a time when Indian automotive companies Tata Motors and Mahindra & Mahindra are bidding for Ford's luxury Jaguar and Land Rover marques.
The appliance maker seeks to buy Motorola's ailing cell-phone division to complement its telecom business; critics say it's not a good fit
India's largest automotive group said it had received 203,000 pre-paid orders worth Rs25bn ($507m) for the Nano, the world's cheapest car, which it put on sale for a 16-day booking period which ended on April 25.
Speaking to MPs from the West Midlands in the House of Commons during his recent visit, Tata said jobs at the research centres at Whitley and Gaydon were secure at least until 2012. A fresh business plan is expected to be drawn up for the company in 2012. Coventry South MP Jim Cunningham told reporters after the meeting that Tata indicated the possibility of employing more workers at the two centres.
India's motor racing ace Narain Karthikeyan could be in line for a Formula One comeback as replacement for dropped Dutch driver Christijan Albers.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
The defence ministry has put on hold all existing and future deals with Rolls Royce pending a CBI probe ordered into allegations of bribery and engaging middlemen in contracts worth Rs 10,000 crore for supply of aircraft engines to state-owned HAL.
Despite pending payments of over Rs 20,000 crore, HAL revenue grew 6% against the previous year.
Sensex ends belowe 26,800 on domestic concerns.
The 182-metre statue of Vallabhbhai Patel will be dedicated to the nation on his birth anniversary in Narmada District of Gujarat.
The growth rate could continue for another seven years.
Dr Ravi Prakash's 250 vintage car collection includes J R D Tata's 1940 Buick Limousine and a Sunbeam-Talbot used by Lord Mountbatten.
During the exercises, the Navy's Sea Harriers would operate sorties from the French carrier.
Stating that India is new bright spot of hope and opportunity for the world, the prime minister said India among other things is igniting the engines of its manufacturing sector and making its farms more productive and more resilient.
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
Narain Karthikeyan hopes a F1 test with Minardi this week will take him closer to becoming India's first Grand Prix driver.
When launched later this year, the Volvo will lock horns with the BMW 5-series, Mercedes-Benz E-Class, Jaguar XF and the Audi A6
The Indian Air Force on Thursday put up a scintillating display as part of its 83rd anniversary celebrations.
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok.
The mishap occurred during a sortie as part of the rehearsal for AeroIndia.
The ban does not speak about used luxury cars.
'IAF is expanding at a rapid pace'
The Indian Navy tested its war machinery in series of month-long drill in the Indian Ocean. RS Chauhan reports
'The range of purchases throw a light on India's threat perception as also its perceived role of being a stabilising influence in the region,' says Brigadier S K Chatterji (retd).
Banking stocks dipped with Nifty PSU Bank index falling 1.7% after the government notified the ordinance that seeks to tackle non-performing loans in the sector.
The Indian Air Force's on Friday conducted day-night demonstration of its combat and fire power in Pokhran, which was witnessed by President Pranab Mukherjee and Prime Minister Narendra Modi.
Two navy destroyers, the INS Kochi and INS Chennai, fired MR-SAMs simultaneously at two simulated incoming missiles.
He has had three podium finishes in seven races so far and is placed in the second spot among a pack of 25 drivers.
In the domestic market, the Tata Group has lost ground in the passenger car business.
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