As India's largest drugmaker unveiled a deal worth up to $4.6bn to sell control to Daiichi Sankyo of Japan, the disbelief at the press conference was palpable.
The race for Hutch-Essar, the country's fourth largest mobile service provider, quickened on Wednesday with Hong-Kong based Hutchison Telecommunications International Ltd formally informing the 4 companies in the fray to submit their bids by Friday
Rival bidders Vodafone and Reliance Communications are studying the possibility of taking an indirect route to acquire control of Hutchison Essar to skirt the right of first refusal claimed by the Essar group.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The actual number of people using mobile phones is 2.5 billion, as about a quarter of users are thought to have 2 or 3 mobile-phone connections.
E-commerce, Rs 1,000 crore (Rs 10 billion) as an advertising category, is expected to bring at least Rs 200 crore (Rs 2 billion) in ad spending next month, when there would be both Dussehra and Diwali.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Ruias, Anil Dhirubhai Ambani group, Hindujas and Vodafone are all believed to have put in their bids.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
Images from football friendlies played on Wednesday.
Both Airtel and Vodafone claim they did everything possible to resume services.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
The stake, which is valued at Rs 8,200 crore at the company's current market capitalisation, will be sold by one of the group companies of Bharti Enterprises.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Off-spinner R Ashwin is matching Indian batsmen at their game
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A Parliamentary Committee will discuss the controversial issue of net neutrality on Thursday at a meeting where officials of telecom companies like Airtel, Vodafone and Idea are expected to present their views.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The apex court had on December 4 last year, reserved the verdict after hearing counsel for corporate honchos and the Central Bureau of Investigation.
Reliance Communications could become a much more formidable opponent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Seeing Indrani in court with her perpetually sunny demeanour and beaming face is sometimes as unreal an experience as making sense of court delays.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Pankaj Vasani tells us how he moved from an unhealthy life to walking and running 20 kilometres a day.
The exploration and production assets of Essar Oil will not be part of the Rosneft deal and would continue to remain with the Group.
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