Talks have failed between the Dhoots of the Videocon group and Mahendra Nahata of Himachal Futuristic Communications Ltd to buy out the latter's 36 per cent stake in all-India mobile licence-holder Datacom Solutions.
As the president of Assocham, Dhoot has asked Confederation of Indian Industry and Ficci to join him in requesting the prime minister to reconsider the move to ban states from acquiring land.
Videocon's consumer durable and electronics chain Next has opened nearly 330 stores in the last two and half years, making it the largest chain in the country. Turnover is expected to cross Rs 1,000 crore (Rs 10 billion) in this financial year. Business Standard caught up with Next's Director K S Raman on the company's growth plans.
The auction for the IPL starts February 20, and about 80 international cricketers will be a part of it.
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Newly-elected president of industry body Assocham and Videocon chief Venugopal Dhoot on Tuesday said he was against "land grabbing" in the name of SEZs
India Inc on Tuesday sought tax cuts in the forthcoming Budget, even as it asked the government to move towards an effective goods and services tax rate of 15 per cent in the next few years.
Sajjan Jindal's model of making land-losers stakeholders in his Bengal project appears to be attracting others.
The April Fools' day gag is a long-standing tradition in many of the world's workplaces.
Trai has announced that it may fix prices of pay channels on the direct-to-home (DTH) platform in line with the Rs 5 per channel cap on conditional access system (CAS) services in Delhi, Mumbai and Kolkata. This move will lower the fees but hit the income of broadcasters from DTH companies. However, new DTH entrants will benefit from the move as their cost of content will decrease. For the 2 existing DTH companies, Dish TV & Tata Sky, the current rates are likely to continue.
Even as 59 Rajya Sabha seats will be up for re-election in April, at least two industrialists are likely to get re-elected for another six years -- Vijay Mallya and Rajkumar Dhoot.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
'Indian entrepreneurs became traders for Chinese goods rather than producers of goods.'
A delegation of about 100 chief executive officers from several national and multi-national companies will be visiting Kashmir to explore the business possibilities in the region as well as some leisure time.
Singh has been handed over to the Meerut Police on Wednesday morning.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
P N Dhoot wins 'Man of Electronics' award
While e-commerce operations for these firms are small at the moment, it is slated to grow in the next 3 to 4 years.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
The company had not been in the pink of health for sometime and there were even reports that it may stop production in India completely.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
New Zealand captain Stephen Fleming won the toss and elected to bat against India
Zimbabwe will hope to be more competitive in Wednesday's tri-series match in Harare.
'If she contests it, then these people will have to fight it in court.'
Three bidders, including the Essar group, vying for the government stake in the Shipping Corporation of India have inked the confidential information memorandum, even as uncertainty remained over the fate of the sole international bidder.
Finnish telecom firm Nokia on Wednesday said it demonstrated a record 4G speed that enables a high-definition movie to be downloaded in only 11 seconds.
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