RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
In a marathon address to the nation from the ramparts of the Red Fort, Prime Minister Narendra Modi on Saturday underlined India's unity and diversity and the progress of his 15-month-old government's policies.
As the Centre deals with the fallout of cash shortage in certain parts of the country, Principal Economic Advisor in the finance ministry, Sanjeev Sanyal, bottom, left, tells Arup Roychoudhury that the demand for cash has seen a spike of late.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
For simplification and a sharper strategic focus, BHP Billiton has been reassessing its global assets portfolio.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
We are entering a period of turbulence, but you can profit off that volatility.
The 2,500-hectares lease included both notified and non-notified areas.
Sebi has ordered attachment of bank and securities accounts of over 40 entities so far this year.
In a dig at Adityanath's earlier warning that rioters damaging public property will have to pay, the Congress general secretary said saffron denotes Hinduism, a religion that does not advocate violence or 'revenge'.
According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
There are good reasons to believe that India is at the start of a long period of growth for equities.
'As someone who has had the opportunity of cross examining Vinod Rai, extensively over three days as part of the Joint Parliamentary Committee, many of us included I had concluded at that point of time that this report rests on the foundation of sand.'
The government, he said, has implemented 'bold reforms'.
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
Mukesh Ambani-led company will squeeze market shares and margins of existing players
Stylish batsman Cheteshwar Pujara comes with the reputation of a good Test cricketer, according to former opener Virender Sehwag, who hoped that the Indian batting mainstay improves his skills in T20 cricket and gets picked by an Indian Premier League franchise in the next season.
The move comes ahead of the tighter provisioning norms kicking in from next April
Ignored by all eight franchsies during the auctions for the eighth season of IPL, India's Test specialist Cheteshwar Pujara will make use of that time by representing Yorkshire in the upcoming English county season.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows that there are around 2,200 units in the commercial category and nearly 11,000 units in the residential segment funded by banks and other financial institutions and valued at over Rs 7,700 crore, which have turned NPAs and are on the block.
'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
China tops the list with 3.5 million, followed by Brazil with 918,000.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
Congress general secretary Priyanka Gandhi Vadra visited Bijnor district where she met families of two persons killed in the violence. Internet services have been suspended in several areas till Monday, while prohibitory orders remained in force across the state.
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.
With their balance sheets under stress, private companies have lost interest in them.
The 1995 judgment in the Union of India vs Cricket Association of Bengal case emphasised that free speech is essential for a successful democracy and citizens must have a plurality of views and a range of opinions on all public issues, says M J Antony.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
The government has made its initial moves, good and not-so-good, while the roll-out in some cases has been slow.
Spanish bank denies credit line to bail Sahara boss.
The indebtedness of Indian companies has had an adverse impact on the economy's investment climate apart from weakening their performance and seriously impairing the financial health of the banking sector. Unless both the problems are resolved, there is little chance of reviving investment and boosting growth on a sustainable basis, says A K Bhattacharya.
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
