The representation of Indian women in senior company positions remains a cause of concern at 14 per cent, below the global average.
The finance ministry is understood to have turned down, for the second time, a proposal of Jaipur IPL Cricket (JIPL), the joint owners of the Rajasthan Royals IPL team, to transfer its entire equity abroad in a cashless transaction.
Government needs to rationalise taxation policies to promote investments through stock markets, says BSE chief.
The overall FDI policy landscape is changing and can do so faster, says
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
The Company Law Board (CLB) on Thursday allowed infrastructure finance company IL&FS to take over Maytas Properties, a company promoted by the family members of disgraced Satyam founder Ramalinga Raju.
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
The company will finalise the final pricing for allotment of shares later.
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
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.
The Biden team updated its website to showcase four policy areas the incoming administration will prioritise: COVID-19, economic recovery, racial equity and climate change.
Though the agency did not include former Sebi chief CB Bhave and ex-member KM Abraham in the case, it recommended departmental action against the two.
US and European institutional investors bought a majority of shares in the over Rs 4,800 crore (Rs 48 billion) QIP offering by telecom operator Reliance Communications.
Jet is believed to be in talks with leading private equity players.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
Analysts feel Fortis Healthcare share holders are at a disadvantage and deal valuations had been short of expectations
Power generation and distribution is the most indebted sector
It is raining private equity funds in the logistics and warehousing space.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Real estate private equity fund Indiareit will invest Rs 250 crore (Rs 2.5 billion) in the proposed 138-acre township promoted by the Pune-based Paranjape Schemes Construction Ltd.
Investment banking sources say the three Patni brothers have now agreed on the sale process, along with private equity player General Atlantic.
The logistics segment is becoming a hot favourite of private equity, of late.
During March, FPIs were net buyers to the tune of over Rs 21,000 crore (Rs 210 billion) in equities.
The trends remained sluggish in the primary stock market
Tusk Investment, Mauritius, a wholly owned subsidiary of private equity firm Elephant Capital, has sought approval from the Foreign Investment Promotion Board (FIPB) to acquire a 30 per cent stake in Amar Chitra Katha Pvt Ltd (ACK).
At present, other large players in the grocery and food retail space include Flipkart Supermart, Bigbasket, and Grofers.
Foreign funds are picking up just under half of the equity in INX Media
BEL will divest 10.8 per cent of fresh equity shares to Washington-based IFC and India Clean Energy Fund for $50 million ($25 million each), the company said in a press statement.
From virtual yoga to empathy, the pandemic has prompted the e-commerce giant to double down on building innovations focused on improving remote work culture especially employee well-being, both mental and physical.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Soft drinks and foods major Pepsico India Holdings Pvt Ltd has applied to the Foreign Investment Promotion Board to invest an additional $200 million (around Rs 950 crore) as equity in its Indian operations.
MCX Stock Exchange is bullish on breaking-even in one year's time frame.
The Foreign Investment Promotion Board headed by Economic Affairs Secretary Arvind Mayaram, also cleared the proposal of Decathlon Sports India's proposal for induction of foreign equity worth Rs 700 crore (Rs 7 billion) to engage in single brand retail.
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