Loop Mobile has debt of Rs 400 crore (Rs 4 billion), which is likely to be included in final deal size.
Group of ministers to review progress every fortnight.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The status quo decision came as a breather as only last week the RBI had pulled up banks for not helping it in monetary policy transmission.
Expressing disappointment over the contraction in industrial growth in October, India Inc has appealed to the Reserve Bank to cut interest rates to revive the manufacturing sector and ameliorate investments.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Individual should be extra careful when taking money from parents or relatives to buy a property
Higher prices of onion and other vegetables and fruits pushed up inflation to 6.46 per cent in September.
Dissident Aam Aadmi Party leader Yogendra Yadav on Saturday labelled the show-cause notice issued to him by the party as a joke and a travesty of justice.
Days after the Aam Aadmi Party appointed a new Lokpal panel replacing him, former Navy chief Ramdas has questioned the decision, claiming his term was to end in November 2016.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Syed Bukhari, the Shahi Imam of Jama Masjid, batted support for the AAP but party refused to accept his support.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
Corporate affairs ministry sending notices seeking details of fund disbursal
Take a look at the list.
India's debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016.
'When the film was over, Bhai gave me a look, expressing what he felt.' 'That look said it all, and meant the world to me.'
Christian Michel's investigation in New Delhi has revealed nothing substantial, contrary to the expectations of the prime minister and the media hype. A fascinating excerpt from Raju Santhanam's The Untold Story of Christian Michel and Agustawestland.
Last week, the government had introduced the black money Bill.
Maggi re-entered the market on November 9.
Consolidation is the prime mood of the Indian equity market at the moment.
To those who feel that Dhadak doesn't measure up to Sairat, Kshamaya Daniel, 19, has one piece of advice: We're talking about wine here, not scotch.
Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week.
Officials said the agency has sought property details on ten serving and retired officials of the ministry of defence and the IAF.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
Since January 2011, a third of firms making such offers failed to meet new floor; current penalties would have been hefty.
One of India Inc's top demands is the abolishing of the MAT.
It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.
Directors look at ways to avoid overstretched valuations.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
Widening its probe in the Rs 3,600 crore VVIP chopper deal, the ED has begun a trail of "cash" which is suspected to have been paid as alleged kickbacks.
Companies were consulting law firms and consultants to understand the Bill.
'We are finicky, extremely detail-oriented, authoritative and we like it like that.'
Black money Bill: Govt may widen disclosure window to 3-6 months.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Dalhousie square has close to 55 historic landmarks.
Many members of ministry panel give dissent note on clause; no clarity yet on whether it will apply to existing shares or new ones.
