Ambani has investment in gas pipeline company Reliance Gas Transportation Infrastru-cture; Jamnagar-based power company Reliance Utilities and Power Ltd and Reliance Ports and Terminal Ltd.
Dabur India Ltd has sold its entire stake in its French cheese-making joint venture, Dabon International Pvt.
Maharashtra Deputy Chief Minister Ajit Pawar on Friday said he did not have any connection with Guru Commodity Services Pvt Ltd which is under the Enforcement Directorate's (ED) scanner, though a sugar mill owned by the company is being run by one of his relatives.
Riniki Bhuyan Sarma, the wife of Assam Chief Minister Himanta Biswa Sarma, has filed a Rs 10 crore defamation suit against Congress MP Gaurav Gogoi for 'false' allegations of irregularities in a food processing project.
The summons were sent to Singham recently on his personal email ID and also through the Chinese diplomatic channels after the ED routed them through the ministry of external affairs, the officials said.
Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
Malvinder "forged the signatures" of Aditi Singh, Shivinder's wife, in the documents of RHC Holdings Pvt Ltd, which along with Oscar Investments Ltd jointly owned financial services firm Religare Enterprises Ltd and hospital chain Fortis Healthcare Ltd, it said.
GDR Media Ltd decided to allot 10,00,000 equity shares of GDR Multimedia Ltd, of Rs 5 each to P Mahesh Reddy and his associates for cash and 60,00,000 shares to Almond Softfin Pvt Ltd holders.
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets.
New subsidiary to supply cars to Maruti Suzuki
Last Friday, the apex court had ordered Nokia to give a Rs 3,500-crore (Rs 35-billion) guarantee before it transferred its Sriperumbudur facility, one of its biggest plants globally.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
The officials said her statement was also recorded under the Prevention of Money Laundering Act.
Mumbai-based private operator Maritime Energy Heli Air Services Pvt Ltd (Mehair), in association with MTDC, on Monday launched maiden seaplane service to Lonavala from here, marking its first operation from the mainland.
The ED had recently conducted raids against her and her husband in connection with a Rs 8,000 crore money laundering case.
The pharmacy, identified by the federal anti-narcotics agency as JR Infinity Pvt Ltd, was located at Domalguda in Telangana's capital city.
The ED has now seized the property, agency sources said.
The last two I-T teams left the premises, one each in Odisha and Jharkhand, carrying with them a number of seized "incriminating documents" and data cloned from electronic gadgets in the early morning hours.
A Mumbai court on Tuesday rejected a bail plea of businessman Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar and an accused in a money laundering case. He was arrested by the Enforcement Directorate (ED) in September under the Prevention of Money Laundering Act (PMLA) in the alleged ICICI Bank-Videocon money laundering case. Special PMLA judge P P Rajvaidya rejected the `regular' bail application of Deepak Kochhar, filed on merits of the case as against technical grounds.
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
Color Chips India Ltd's Syndication division has signed up with comic book publisher in India Diamond Comics Pvt Ltd for supply of content and comics. The value of the order estimated at over Rs 20 million.
Food ordering and delivery platform Swiggy on Wednesday said it has introduced an industry-first 'Moonlighting policy', wherein employees can take up external projects for pro-bono or economic consideration based on internal approvals. "This could encompass activity outside of office hours or on weekends that does not impact their productivity on the full-time job or have a conflict of interest with Swiggy's business in any way," a company release said. Moonlighting policy allows employees to work second jobs, outside normal business hours of the primary job, under certain conditions.
Next year Medica and Manipal will merge, making the amalgamated entity the largest corporate hospital chain in the country, overtaking Apollo Hospitals Enterprises.
In a landmark deal announced in Mumbai, Star Den Media Services Pvt Ltd and Zee Turner Ltd will form a joint venture to combine distribution of their respective channel bouquets in India.
Enforcement Directorate officials on Sunday detained Shiv Sena leader Sanjay Raut in connection with the Patra Chawl land scam case in Mumbai after hours of conducting raids at his residence.
Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on Tuesday. The takeover comes into force little over two years after the RBI superseded the board of the PMC Bank after financial irregularities came to light.
The high court also directed that engineers involved in shoddy constructions using public money be brought to book.
About 240,000 commuters travelled on the first day (Sunday) of the Mumbai Metro's operations, Reliance Infrastructure Ltd (RInfra) said on Monday.
The Rs 4,300-crore (Rs 43-billion) project -- marred by missed deadlines and cost overruns -- has finally started full scale test run last week between Ghatkopar and Versova and will open to public by mid-January.
Opening another chapter in aviation industry, G R Gopinath, the pioneer in low-cost carriers, had his Deccan Charters Ltd join hands with Taj Air, the executive charter service of Indian Hotels Company Ltd (IHCL), and Business Jets India Pvt Ltd (BJETS), to launch Powerfly.
The three Indian companies are Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd and Medha Servo Drives Pvt Ltd, the space organisation said in a statement on Friday.
Kangana Ranaut wraps up the shoot of her maiden production Tiku Weds Sheru.
Observing that it always felt pre-censorship was impermissible, the Supreme Court on Thursday wondered how there can be a pre-screening committee for web series, films or other programmes which are directly released on online platforms.
Kirloskar Oil Engines files EoI for PSIDC stake in Punjab Tractors
'It was the early days of my 5th standard school vacation, and my mother asked me, 'Robotics classes or swimming classes for the weekends?' I chose robotics classes because technology fascinated me.'
J M Morgan Stanley Pvt Ltd said ECE Industries Ltd will buy back 14,33,278 shares of face value of Rs 10 each or 25% at Rs 30 per share totaling Rs 42.998 million from the open market.
Max Group founder and chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful". Singh has said he will contest these allegations in the NCLT hearing. "Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice," said a statement put on BSE by Max quoting Analjit Singh.
Air Asia will hold 49 per cent and the remaining will be owned by Tata Sons and Telestra Tradeplace Pvt.
The pair are shooting for Reema Kagti's new film in Dadar.
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