The shareholders will also get one redeemable preference share in Vedanta Ltd
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
Vodafone in India provides 2G and 3G services
Increments in 2017 would be less than in 2016, says survey.
The rights on offer are Indian Sub-continent Television Rights from 2018 to 2027 (10 IPL seasons), Indian sub-continent Digital Rights from 2018 to 2022 (5 IPL seasons) and Rest of the World Media Rights from 2018 to 2022 (5 IPL seasons).
RIL estimates output from KG-D6 could reach up to 60 mscmd in the next five years, when all satellite fields are brought into production.
The chief operating officer of HSBC Holdings, A W Jebson informed that HSBC board would meet in Mumbai on November 25.
British oil major BP Plc on Thursday signed an agreement with state-run Hindustan Petroleum Corp Ltd to negotiate a stake in HPCL's Rs 12,000 crore (Rs 120 billion) Bhatinda refinery in Punjab.
Observers say the transfer could be worth around 25 million pounds.
The US market for the drug is pegged at $1 billion. Cipla has been selling the product in the European market. It had won a similar case in the UK against GSK a couple of years ago.
British energy firm Cairn Energy Plc plans extensive exploration over the next 18 months its Rajasthan block, the site of India's largest oil discovery in almost two decades.
Shares of Corus Group Plc, surged by 1.12 per cent in trading on Friday on reports that Tata Steel may revise its takeover offer, but stocks of the Indian company fell 1.67 per cent on the bourses.
Housing Development Finance Corporation Ltd has sold its 50 per cent stake in Intelenet Global Services Ltd, a business process outsourcing company, to Barclays Bank Plc for Rs 164 crore (Rs 1.64 billion).
British biodiesel firm D1 Oils Plc is entering into joint venture agreement with Chennai-based Mohan Breweries and Distilleries Ltd to produce biodiesel derived from Jatropha.
Tata Technologies Ltd is all set to acquire a UK-based INCAT International Plc.
World's sixth largest insurer Aviva Plc on Thursday said it would look for more acquisitions in Asia and continue to focus on countries like India, China, Hong Kong and Singapore for achieving faster business growth.
He will replace Add Jacobs, who will retire after less than one year in the post at Shell.\n
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7 per cent growth in the coming years.
This is the single largest foreign investment in India so far.
The health ministry has formed a committee to consider raising the number of drugs deemed essential and subject to price caps.
The agency, sources said, has issued the notices under the Prevention of Money Laundering Act (PMLA) and they have summoned the accused to examine them and record their statements.
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
In a bid to tap the growing potential of mutual fund business in the country, ICICI Bank has decided to raise its stake in Prudential ICICI Asset Management Company to 51 per cent, by buying out six per cent stake from Prudential Plc.
Eyeing India as one of its fastest growing markets, world's fifth largest insurer Aviva Plc wants to infuse more capital in its Indian venture when FDI limit is raised and plans to hire 3,000 more people by 2006
Financial news service Reuters Group PLC has announced that it will eliminate up to 20 editorial positions in the United States and Europe and hire up to 60 replacements in India in a move aimed at cost cutting.
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC.
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