Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Goldman Sachs downgraded its rating on Indian stocks to 'underweight'.
The second day of the placement season at Indian Institute of Technology (IIT) - Madras on Tuesday saw e-commerce major Flipkart Internet Pvt Ltd recruiting 19 students - the highest offer so far this season.
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.
Tuesday's was the S&P's worst drop since August 24.
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
FMC approves commodity bourse's contract-launch calendar for two years.
He is meeting stalwarts such as Google's Eric E Schmidt, Carlyle's David M Rubenstein, Cargill's David W MacLennan, MasterCard's Ajay Banga, and Pepsico's Indra Nooyi.
A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing through the US banking system to accounts around the world.
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
UB Group Chairman Vijay Mallya's grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them.
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
A referendum will be held on Thursday, June 23, to decide whether Britain should exit (Britain's exit, hence the term Brexit) or remain in the European Union.
The Forbes 5th annual '30 Under 30' list features 600 women and men.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
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The minister, who will also be meeting foreign institutional investors whose money is key to funding CAD in the afternoon, did not speak to reporters waiting outside.
Licence winners are expected to be announced by the first quarter of 2014.
Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.
IT companies have, in recent times, re-invested gains arising from a weaker rupee.
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
India is Asia's other bad debt headache.
Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
Markets ended lower following expiry of July F&O contracts and sales by foreign funds.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
Wrist bands range from leather and stainless steel to sports models in hues from pink to blue.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
'The government has used the current macro situation to its advantage.'
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
It's crucial for Modi to make India an easier place to do business.
As Prime Minister Narendra Modi arrived in New York on Friday on a five-day US visit, he was greeted with 'Har Har Modi' slogan.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
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