In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
In the domestic market, the Tata Group has lost ground in the passenger car business.
Two days ahead of the high tide warning, corporate houses here are busy drawing plans to meet any possible recurrence of the 26/7, 2005 deluge in the metropolis.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Tata companies perform well while major firms in emerging markets do badly.
The Kotak group is set to launch the country's fifth national commodity exchange, in association with the Ahmedabad Commodity Exchange (ACE), in which it is picking up a majority equity stake as an anchor investor.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
'Elevator rules deem no more than two people for a unit that carries six people, and as an employee enters the office, there are three masks to be used for five hours each a day, then disposed and one for the next day as well.'
These include B K Modi's Spice, Larsen & Toubro and Tech Mahindra. iGate, which had participated in the first round of bidding, backed out from completing the second round. Global majors like IBM are understood to have entered the second round, but this could not be independently confirmed. Other names floating include that of Hewlett-Packard and KKR Private Equity Investors.
The Job fair attracted many large companies such as W W Grainger, Allstate, PepsiCo, Tech Mahindra, L&T Infotech and L&T Technologies, who were the corporate sponsors.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Now, it is life as usual in the merged entity, said an associate.
The economic growth is likely to moderate to 6.1 per cent, slowest in over seven quarters, from 6.6 per cent last year same period.
They are worried at more than one forecast of a possibly weak monsoon, reports Dilip Kumar Jha.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The grief-stricken mother wishes for death penalty for the guilty.
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While some bankers said that responses to the Sebi are being delayed deliberately in some of the cases in view of the turbulent market conditions prevailing on the bourses, those associated with some of these deals said these are 'routine' clarifications and would be responded in the due course. According to the latest processing status as on March 14 of draft offer documents filed with Sebi, clarifications are currently awaited from lead managers in relation to 20 IPOs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tatas, Adani, Bharti, HDFC and Sun Groups have clocked huge gains.
The Aditya Birla group's decision to merge two companies, each with an existing clutch of diverse businesses, flies in the face of the accumulated wisdom regarding conglomerates, says T N Ninan.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
ADAG, Mahindra BT, L&T Infotech may team up with PEs.
Odafe Onyeka Okolie banged in four goals as Churchill Brothers trounced a hapless Hindustan Aeronautics Limited, Bangalore 7-0 at Yuba Bharati Krirangan (YBK) at Salt Lake on Wednesday to set up a Goan derby against Dempo SC in the semifinals of the 30th Federation Cup.
The West and South zone teams were beaten by Western Railway and Pamposh Orissa respectively in the Tommy Emar Gold Cup women's hockey tournament.
57-year-old Kotak is ranked 33rd in the Forbes list of 'Money Masters: The Most Powerful People In The Financial World'
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Investors accumulated quality stocks at valuable and attractive levels.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
'He would never make fun of the person asking the question, however way-out the question may have been,' says Meenal Baghel, former editor, Mumbai Mirror.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
Companies have also managed to find talent created by frequent exits.
If the drop in sales over the past two years is anything to go by, India's dream of putting seven million electric vehicles on road by the end of this decade has come a cropper.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
