Providence had bought 15 per cent in Idea Cellular in 2006 for around Rs 1,800 crore (Rs 18 billion) through its investment arm - P5 Asia Investment (Mauritius).
The Indian Cricket Board has incorporated strict guidelines in their 19-page 'Request For Proposals' (RFP) from interested companies.
The Enforcement Directorate, in its report on 2G spectrum allocation scam submitted to the Supreme Court on Wednesday, is understood to have said that the case has international ramifications as the money trail covers ten countries, including Mauritius.
Billionaire Jignesh Shah-promoted Financial Technologies today said it will launch three new international exchanges, including Bahrain Financial Exchange and Singapore Mercantile Exchange, this year.
According to senior officials in the department of telecommunication 20 Mhz of spectrum has been given to the four firms -- Infotel, Bharti, Aircel and Tikona Digital, which have licences to offer services.
Supermodel Viveka Babajee was in a relationship with stock analyst Gautam Vora and the two were contemplating marriage before she committed suicide, her family claimed on Thursday and said they were mulling pressing of abetment to suicide charge against him.
The investments were a mix of issuance of guarantees ($2.53 billion), loan ($257.60 million) and of equity ($232.59 million).
Cashing in on the opportunities galore courtesy the spurt in Indian equities, foreign fund house Citigroup Global Markets has raised about Rs 400 crore (Rs 4 billion) by selling shares of 24 blue chip firms in just nine trading sessions.
Just an hour or so from the ones we commonly throng to, they promise a lot more for a lot less.
In a significant observation that might affect the way BCCI enters into contracts for broadcast rights of matches, Bombay High Court has held that the 'cricketing public' must know about these deals.
Here's a first look behind-the-scenes at India's most exclusive bikini bombshell calendar.
Australia's skipper Meg Lanning bagged the 'Leadership Legend' award. She led her side successfully in all formats of the game.
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
'The US investors are very enthusiastic about India and policy changes'.
India reaffirmed its commitment to the landmark Paris climate change agreement.
In the third acquisition in 10 months, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for about $2.5 billion.
Agneepath, Hum and Khuda Gawah are a testament to the Bachchan-Mukul Anand actor-director chemistry. Of the three, Hum is a natural crowd-pleaser, says Sukanya Verma.
Hema Malini returns to television with Maati Ki Banno.
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
A battle is brewing in the families which run the Jagran group of newspapers. The group's flagship brand, Dainik Jagran, is the country's largest circulated newspaper.
The Summit on April 28-29, to be attended by Prime Minister Manmohan Singh, will also unveil rules and regulations for the ambitious SAARC University which is in the process of being set up in Delhi.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
We invited readers to shares their travel pics. Here we present some of the photos we received. Share yours!
As per the chargesheet, "the accused forged board resolutions and unauthorisedly obtained loans to the tune of Rs 1,220 crore (Rs 12.20 billion) for Satyam Computer.
Bored of the reds and pinks in your wardrobe? Switch to orange.
The Board of Control for Cricket in India has scrapped all its IPL media rights agreements with Mauritius-based World Sport Group, claiming that MSM Satellite (Singapore) Pvt Ltd is the rightful owner of all media rights relating to the Twenty20 event.
The suicide of supermodel Viveka Babajee on June 25 has left the fashion industry reeling. We spoke to a few insiders to gain their perspective of life and relationships in the fast lane, how lonely it can get at the top and why the pressure is too much for some to handle.
The Indian Premier League's broadcast rights holders MSM Satellite (Singapore), which has entered into an amended agreement with the Board of Control for Cricket in India, has filed a suit against Mauritius-based World Sport Group in the Bombay high court to recover facilitation fee of Rs 125 crore from the latter.
The Board of Control for Cricket in India (BCCI) will recover Rs 425 crore from Indian Premier League's sub-continent media rights holders MSM Satellite as part of the amended media rights agreement which was approved by the Twenty20 League's Governing Council in Mumbai, on Friday.
Global financial major Citigroup on Wednesday offloaded shares of 22 domestic companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued at Rs 231.42 crore (Rs 2.31 billion).
Max India Ltd plans to acquire 49 per cent shares of Cosmat Max held by Cosmat Investments Inc, Mauritius.
Meanwhile, Bird Air Services Pvt Ltd., a wholly-owned subsidiary of Bird Group, signed a comprehensive marketing agreement with Pacific Propeller Intl, a global repair and overhaul services provider to several regional airlines and military aircrafts.
A summary of sports events and sports persons, who made news on Friday
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
Thirteen individuals from the Indian Diaspora have been conferred with the Pravasi Bharatiya Samman at the seventh edition of the Pravasi Bharatiya Divas, underway in Chennai
This would allow Japanese companies to invest directly in India, rather than the current norm of coming through Singapore and Mauritius.
The 22-year-old golfer is the fifth and the youngest Indian to win the Asian Tour Order of Merit.
It is welcome that the government tried to make its intentions clear last week - especially as risk concerns return to global markets.
