Reliance Industries and Network 18 group on Tuesday joined hands for a multi-layered deal, under which the Mukesh Ambani-led corporate giant would sell a part of its interest in Eenadu TV channels and would also fund promoters of the media group.
US billionaire investor Wilbur Ross has made his debut in India by buying out the troubled textile maker OCM for $37 million in an all cash deal.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
American refiners closed some of their production, leading to futures trade benchmarked to the West Texas Intermediate going negative.
Given the broken balance sheet and the limited fiscal room, the government has to kick off investment: Vikas Khemani & Stephen Gallagher.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
It is in talks with a local player for a discovered asset so that it can have a ready cash flow in one or two years.
Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.
She would also have a separate meeting with the defence secretary every day.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
They are snapping up ore and coal abroad, as their availability is stuck at home.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
Ruling out mergers and acquisitions in the immediate future, JM Mutual Fund, with assets nearing Rs 4,500 crore, on Thursday said it was planning to launch three more schemes by the first quarter of 2004-05.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Vodafone on Wednesday said it will offload its entire 3.2 per cent shareholding in China Mobile, a divestment that will fetch the British telecom major about 4.3 billion pounds.
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
Future Consumer Enterprise Ltd, the food and FMCG arm of Kishore Biyani-led Future Group, on Friday acquired south India-based convenience store chain Nilgiris for nearly Rs 300 crore (Rs 3 billion).
Bharti Airtel on Tuesday inked a definitive agreement with Kuwait's telecom firm, Zain, to acquire its African assets at an enterprise value of $10.7 billion
'We are certainly open to inorganic opportunities to grow.'
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
The decision was taken at a board meeting of Sebi held in Mumbai.
Birla Sun Life Mutual Fund, which manages assets over Rs 9,000 crore (Rs 90 billion), is eyeing acquisition and targets to grow by over 30 per cent this fiscal.
Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.
This acquisition marks Lupin's foray into the Japanese branded market in-line with aspirations to build business globally.
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The Chennai plant may be excluded from software giant Microsoft's acquisition of Nokia's handset business for 5.4 billion euros due to tax issues.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
They expressed disappointment over the firm's performance.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
Two navy destroyers, the INS Kochi and INS Chennai, fired MR-SAMs simultaneously at two simulated incoming missiles.
Goldman-HDFC JV and OYO Hotels & Homes are betting big on student housing, says Raghavendra Kamath.
As corporate India prepares to put its house in order, the transition raises concerns
Land ordinance has done away with consent and social impact assessment.
With a new higher tax regime coming into effect from the new financial year, top corporates and wealthy investors are in a rush to restructure their shareholding.
With filing possible only online, there is no scope for any error.
Amid improving fundamentals, the bank is keen to double the corpus over the next year and a half, said a senior official.
The return of private investment now struggles with lack of funds and election-driven uncertainty.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
