Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO, as regulators and the public debate the balance between financial innovation and risk control, state run Global Times reported. According to media reports, the Hong Kong exchange followed suit several minutes later.
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) attaching a residential flat worth Rs 1.54 crore in Mumbai's Worli, and 25 land parcels valued at Rs 2.67 crore in Dhutum village in Raigad district.
Much of the tardy reaction to competition is the result of LIC's legacy.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
The company has capacity to manufacture 310,000 units annually.
Successful inroads in new markets could drive Escorts' national share above the current 11 per cent, reports Ajay Modi.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
The Camry hybrid sold 466 units in January-April in the region.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
Most of the index heavyweights are yet to declare their results.
The list is of companies declared sick as on March 31, 2014.
The region constituted more than 31percent of the segment's total sales volume in 2016.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Flipkart's Big Billion Days festive sale started on Oct 13.
Aramco also plans to invest in building India's largest oil refinery on the country's west coast.
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa
Hotels are also relying on couples who had earlier planned destination weddings but are now considering options within the country.
Paytm has been preparing for the sale for the past three months.
The MHA on Friday, while extending the lockdown for two more weeks till May 17, lifted many restrictions in green and orange zones. There are no restrictions on sale of non-essential items by e-commerce platforms in green and orange zones, a home ministry spokesperson said, adding barber shops and salons are also allowed to open in these areas.
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election half-way through his term.
Auto stocks will be in focus
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Maruti, Honda and Tata Motors posted highest sales growth during the month
The idea is to create a start-up-like activity with a small business unit.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
'Two consecutive quarters of negative growth are the technical definition of an economic recession, and for the first time in this generation's memory, we may be staring at one,' observes Aakar Patel.
Nine years after parting ways, Prannoy Roy and Rupert Murdoch are again coming together for a unique airtime sale and marketing alliance.
