In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
Government sources in New Delhi said the neighbouring country's attempt to 'politicise' a humanitarian issue by its 'unwarranted' statement on Kashmir during the video-conference reflected 'very poorly' on it.
Companies wanting to consider treaty benefits and deducting tax at a lower rate will have to examine the qualitative factors. They will have to consider whether FPIs are liable to tax and whether they are the beneficial owner of dividend income.
In her weekly column, mental health guru Anu Krishna offers advice on how to take charge of your life.
Congress spokesperson Abhishek Singhvi said his party wants a floor test in the state assembly and is 'begging' for it, but the Governor is not convening the House and 'delaying' the trust vote allegedly at the behest of the central government.
IndiGo, Vistara, Air India, SpiceJet have cancelled their flights, while GoAir and AirAsia India announced waiving date change/ cancellation fee.
The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.
In his book, Backstage: The Story Behind India's High Growth Years, Montek Singh Ahluwalia accepted the Act "increased the cost of land to financially unsustainable levels ... and made it easier for anyone who wants to stop a project to use the various consultative processes required under the law to delay matters".
There was near unanimity among the guests at the Sibal dinner that the country is ready for a change, that the ruling party has lost popularity. However in the same breath speaker after speaker lamented that without Opposition unity Modi could as well win a third successive term, reveals Virendra Kapoor.
As the virus ravaged rural areas, the state BJP figured out it was impossible to underplay or escape its impact on its political plans.
'Dhoni knew how to get the best out of people.'
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
'Indian markets may initially react and follow the pattern of US and other global markets post US elections.'
The law, which dilutes the Indian capital's autonomy and emasculates the elected local government's powers, will be a political millstone for the party for the next elections, reports Aditi Phadnis
Calling Test cricket an enduring romance, Sehwag said it is the waiting game which makes the format charming.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
The central bank said its board of directors had approved the broad contours of the proposals.
India and Pakistan are scheduled to meet on June 16 at the Old Trafford in Manchester.
Heartbroken? Want to propose? Need love advice? Love Guru is here to help.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
Many of the legal outfits, which provide consultancy services to corporates that include drafting merger and acquisition agreements, preparing MoUs, rendering advice etc, operate as sole proprietorships.
>The protesters should entrust the final judgement on the farm reform laws to the Supreme Court-mandated committee of experts and return to their villages, argues Virendra Kapoor.
'The Congress saw Rahul as the natural leader of the party and wanted him to take a larger role'
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH and AUTO insurance.
China, a veto-wielding member of the UNSC, has blocked the move by India and other member nations three times in the past to designate Azhar.
The Congress on Wednesday snubbed Union minister Shashi Tharoor for his tweet favouring making public the identity of the Delhi gang-rape victim and naming the proposed anti-rape legislation after her.
It is entirely conceivable that Modi began realising at some point that it will be a liability for India if he is seen as Trump's fellow traveller, observes Ambassador M K Bhadrakumar.
Market regulator Sebi on Monday proposed to ban brokers from recommending shares to investors based on subjective and arbitrary information, as part of the exercise to guard against insider trading.The guidelines, on which Sebi has invited comments from public by April 15, further said that investors would be required to have a minimum net worth of Rs 5 lakhs for trading in derivative segments.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
Former captain Javed Miandad has asked the Pakistan Cricket Board not to send a team in next year's World T20 in India if the BCCI does not agree to the proposed bilateral series in December.
Ignoring advice from his party, Nationalist Congress Party leader PA Sangma on Friday said he continues to be in the fray for the presidential election as a tribal candidate
The national carrier recently invited expressions of interest to appoint a real estate firm to advice it on the deal.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
The United Kingdom on Wednesday became the first country to approve the Pfizer/BioNTech vaccine against COVID-19, paving the way for mass vaccinations against the deadly novel coronavirus.
It is likely that the party's allies in Tamil Nadu and West Bengal, two of the five states going to the polls in April-May, might insist on allocating fewer seats than they did in 2016, reports Archis Mohan.
In a country where 'booth-capturing' and open intimidation of voters used to be a part of the poll processes until not very long ago -- and remains a factor even now - postal vote can challenge the very credibility of the electoral process as a whole, says N Sathiya Moorthy.
The average difference in expense ratios between a regular and direct plan is 100 to 120 basis points. For those who need hand holding, spend the 100 to 120 basis points and get advice on the right schemes that suit you. Don't land up buying a scheme with low expense, but lower returns.
'This will be the first open university in Kerala and it is a great tribute to Gurudevan by the helmsman of the Communist movement in Kerala,' observes Ambassador M K Bhadrakumar.
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