Oil and Natural Gas Corporation on Thursday said its investments for exploration of oil and gas in India and acquisition of overseas assets would be impacted if government increases the company's subsidy burden.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
ICICI Bank has acquired the entire paid-up capital of Investitsionno-Kreditny Bank of Russia as part of its business plans to expand international operations.
US-based BMC Software Inc will acquire the assets of Magic Solutions, a provider of help desk and related software, from Network Associates Inc for about $47 million in cash.
'Vodafone Idea has losses running over Rs 10,000 crore in the last four quarters.' 'It has long-term debt of about Rs 1.15 trillion.' 'Even post-issue, the debt service numbers won't be good,' points out Devangshu Datta.
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
How the Aadhar card would be linked to income tax return is yet not clear
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
'The people let off by the NBFCs have little bargaining power and willingly settle for a 20% to 25% cut in their existing salaries when hunting for new jobs.'
'Brexit might delay the sale process of Tata Steel's UK operations'.
Stock to watch: Shipping Corporation and Great Eastern Shipping
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
The text of the Income tax amendment is so wide and so riddled with ambiguities that it deserves to be scrapped for those reasons alone, says N S Nigam.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
The deal will end months of uncertainty about Yahoo's future.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
'There will be much for President Trump and Prime Minister Modi to discuss including growing Chinese military cooperation with Pakistan, which heralds a new attempt by China and Pakistan to neutralise India's influence in its Indian Ocean neighbourhood,' notes Ambassador G Parthasarathy.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
The FDA actions eventually led to a $500-million fine for Ranbaxy as well as the effective mothballing of many of its Indian factories.
.jpg)
Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
SBI remains a favourite of most brokerages in the PSB segment.
Looking to monetise assets not in Reliance Capital's core area of business.
Videsh Sanchar Nigam Limited will start offering virtual private network services to the United States and Europe.
Cooperative societies get more tax benefits as compared to individual house owners.
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
These consistent performers are expected to maintain momentum.
ED failed to obtain evidence with regard to financial links about the purchase of an island in Scotland.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
ABN Amro Bank has kept options open for acquisitions and plans to start mutual fund operations by this fiscal, its executive vice president Romesh Sobti said in New Delhi on Monday.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
American Express Bank is open to acquiring Indian banks and mutual funds as part of the efforts to increase its presence in the country.
