The Bangalore-based company has revamped itself as it aims to simplify its business structure and focus on being a specialist in certain areas.
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Two wheeler maker LML has declared a lockout from Tuesday due to an illegal strike by its workers at its Kanpur unit, the company said in a notice to the Bombay Stock Exchange.
The space agency has set 2020 as the deadline for the first privately built rocket to be launched into space.
Certain provisions of the code would delay the negotiation process, increase the tax liabilities and introduce uncertainties due to the General Anti-Avoidance rules.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
Co-founder Nilekani could take the role of non-executive chairman, becoming a bridge between the board and Murthy, reports Ayan Pramanik.
Kiran Kumar Grandhi, 38, was earlier in charge of the urban infrastructure and highways business, which contributes five per cent of the Rs 10,000-crore revenue of GMR Infra.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
Moody's, which cut its FY14 growth estimate to 4.5 per cent recently, said economic growth will be lowest in a decade.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
The board of Kingfisher Airlines today approved converting lenders' debt of up to Rs 1,355 crore (Rs 13.55 billion) and the promoter-founders' debt of Rs 648 crore (Rs 6.48 billion) into share capital.
Having drawn the blueprint to pass on his over Rs 7,000 crore (Rs 70 billion) business empire to his daughters and grandchildren, India's grand old industrialist B K Birla has set about restructuring unlisted companies in the group.
With increasing growth in demand by companies for environmentally sustainable services, millions of job opportunities are in the offing for people having the skill sets related to green services, experts say.
Electrolux Kelvinator Limited, maker of refrigerators and washing machines, would foray into microwave oven and airconditioner segments soon, a top company official said in Bangalore on Friday.
Malaysian state investor Khazanah Nasional, which owns nearly 70 per cent of the airline, said it had submitted a proposal to the Malaysia Airlines to delist the company. Under the plan, minority shareholders will be bought out.
Tyre maker Dunlop's owner Pawan Kumar Ruia has submitted a bid to acquire South Korea's bankrupt SsangYong Motor, while Mahindra & Mahindra is also understood to have made a similar move.
A look at the fortunes of banks through the stocks of five pillars of the edifice.
The company will structure its services under four business segments -- Data, voice, WiMax and National Long Distance services -- that would help it increase focus on customer segments and improve revenue generation. The group will realign operations of Reliance Globalcom (formerly Flag Telecom), Reliance Globalcom Services (earlier acquired Yipes Enterprises) and Reliance Vanco Group (formerly Vanco Group) under the four proposed verticals.
Can, and has, increased its cash levels in turbulent markets
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
Twitter's user base grew by only five million in 2015.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
Even as Infosys posted healthy growth for October-December 2013 and raised its revenue forecast for FY14, S D Shibulal, the managing director and chief executive officer, says it's still work in progress.
'When a company goes into insolvency, by definition it means that existing shareholders have been wiped out.'
The restructuring move by Dubai World is likely to ease investor sentiment globally. Markets across the world went into a tailspin following the November 25 announcement by Dubai.
According to top sources in the airline, about half the employees will shift to these JVs, which will be clearly focused on the areas of operation and will have to make money.
