Private equity major DE Shaw is investing Rs 630 crore (Rs 6.3 billion) in Noida-based International Amusement Ltd (IAL), the promoters of Appu Ghar. This is the country's first private equity (PE) deal in an amusement park.
Reliance Industries is expected to report a 24 per cent drop in its net profit for the June 2012 quarter as compared to its profit in June 2011.
One sign of it was that the most discussed car at the Detroit show was not actually on display. It was Tata's $2,500 Nano small car for the Indian market, which captured the attention of US executives who have their own plans to push into India and to expand further in China.
Warburg Pincus group and associates are making an open offer to the shareholders of Max India Ltd to acquire additional 20 per cent stake in the company for Rs 200 per share payable in cash.
I would say don't look at the market because fundamentally our economy is good and one has to see the economic story of the country and not only the market.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
DLF, India's largest real estate developer by market cap, on Monday said it has sold 49 per cent stake in some of its residential projects to private equity investors for a total consideration of Rs 1,675 crore (Rs 16.75 billion).
Lead managers to the ensuing public issue of Oil and Natural Gas Corporation have agreed not to charge any commission on participatory notes aimed at attracting large foreign investors as part of its underwriting agreement.
Stanley O'Neal isn't the first deposed chief to walk away with millions. A look at who's won the most by losing.
Anil Ambani group may soon be rubbing shoulders with the likes of HDFC and ICICI Bank in the consumer loan business and the foray could give the group a return of more than 20 per cent in the next 3-4 years.
Petronet LNG Ltd, which completed construction of India's first LNG import terminal at Dahej in Gujarat, announced on Monday that it will float an initial public offering of 26.10 crore
SBI Life, ICICI Pru have seen their valuations increase by 33 per cent and 35 per cent recently. SBI Life Insurance has seen its valuation soar after just 3 months while ICICI Prudential's valuation has increased in just 5 months.
Strong economic growth has made Asia home to some of the fastest-growing markets in terms of high net worth individuals, occupying five of the top 10 spots globally.
Income and long-term gilt funds will continue to outperform the broad market indices in the long term as trading gains will add to the total returns, according to a Merrill Lynch Mutual Fund Debt survey.
Amidst a slew of favourable factors, stocks of retailing majors like Shoppers' Stop and Pantaloon Retail have appreciated between five to a whopping 73 per cent since the start of 2005.
With consumer preferences swiftly shifting to cars, the two-wheeler market is expected to decelerate in two or three years, after a dream run of over a decade.
It is not just the pink papers reporting that foreign financial entities (GE Money, Goldman Sachs and Merrill Lynch to name a few) are showing interest in Indian banking sector
Real estate, infrastructure, BPOs and telecom are likely to be the major sectors that will be going for fund raising.
Franklin Templeton has won the mutual fund of the year award instituted by CNBC-TV18 and rating agency CRISIL.
Bullish on the market, fund managers have pegged economic growth at 6-7 per cent this fiscal with interest rates likely to remain moderate, the rupee emerging stronger and the Sensex crossing 7000.
Oracle Global (Mauritius) along with Oracle Corporation has made an open offer to acquire 20 per cent equity of i-flex Solutions.
India has 61,000 millionaires, while the United States has a whopping 2.27 million, according to a study.
DSP Merrill Lynch Mutual Fund on Monday launched three new schemes and targets to raise Rs 750 crore (Rs 7.50 billion) through the initial public offering for these schemes.
Petronet LNG Ltd will float an initial public offering of 261 million shares, representing 34.8 per cent of the total equity of the company, around mid-February, P Dasgupta, director (finance), PLL, said in New Delhi on Friday.
The government has appointed Kotak Mahindra Capital Co, DSP Merrill Lynch and JM Morgan Stanley as book runners for the public issue of 10 per cent equity shares in state exploration firm Oil and Natural Gas Corporation.
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