Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
Continuing with his acquisition juggernaut on foreign shores, liquor baron Vijay Mallya of United Breweries Group has now set his sights on New Zealand based company Independent Liquor Ltd.
Grover Vineyards plans to sparkle, literally and otherwise. In three years, come the festive season of 2010, it will launch its sparkling wine. Plus, it has taken a series of steps which will enable it to retain its presence at the quality end of the booming Indian wine market. This market is set to drastically change with the sharp cut in import duty on foreign wines and the launch of wines by brewers and distillers like UB, Seagram and Diageo.
The calender aims to boost fashion and tourism in India.
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
The Kingfisher-Air Deccan group will be the largest domestic airline with a fleet of 71 aircraft, including 41 Airbuses and 30 ATRs.
Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
Wednesday's acquisition of Whyte & Mackay for $1.18 billion puts Mallya in the hallowed bracket.
The company, owned by the UB Group, had been relying on internal group reserves and debt to manage its operations over the past two years and this infusion is expected to fuel its sustained growth.
Sources close to the development told PTI that the open offer was expected to be announced next week. The share price for the open offer would be Rs 155 per share, the amount UB Holdings paid for picking up the 26 per cent stake.
The Indian star improved by four shots with a second round of two-over-par 73 at Carnoustie but his eight-over-par 150 meant he would not feature in the weekend of a Major for the first time in five appearances.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
UB Group chairman Vijay Mallya and Airbus chief operating officer John Leahy signed an MoU to this effect at the 47th International Paris Air show on Wednesday.
He's also enjoying a new level of corporate respect.
The scrip is moving northwards since last one month, as Deccan Aviation was considering proposals to infuse additional capital by way of private equity or stake sale.
The Ratnagiri Gas and Power Pvt Ltd is likely to get gas for power production by June-end, GAIL (India) chairman UB Choubey said.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
Preservation of wealth has become the mantra as private bankers are broadening their relationships with exporter communities and family-owned firms.
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
2006-07 saw mixed returns for mutual funds. Compared with the previous financial year, the returns have declined, mainly due to a fall in the stock prices. The net asset value of most equity funds fell nearly 10 per cent since January 2007.
Besides Surat, which will also be the world's fastest growing city during 2019-35, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.
He shot four-under 68 for a tied 27th place after the third round of the TCL Classic tournament.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
Mallya has denied that he had fled India and said he would comply with laws.
With nearly 5% share in the world generic market, are Indian pharma companies ready to go global? How competitive are their current business models?
India's rising star Shiv Kapur will have one last throw of the dice at the season-ending Volvo Masters of Asia next week as he bids to end his year with a victory.
The realty run-up in the tier-II cities in north India are outrunning the employment opportunities, says Unitech's MD Sanjay Chandra.
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