The Anil Agarwal-controlled Sterlite Industries on Tuesday said it had dropped its plan to demerge the copper business as part of its restructuring process that commenced in January 2003.
By splitting its business into separate verticals with dedicated portfolio heads, CavinKare looks to improve distribution and facilitate more launches in the future
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
Nearly 150 senior management staff will be asked to leave.
'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'
There has been, a nominal increase in the aircraft maintenance cost.
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
Telecom Italia is targeting to reduce the debt significantly over the period 2009-2011. It plans to reduce net debt to earnings before by interest, tax and depreciation and amortisation ratio to 2.3 at the end of 2011 from over 3 at present.
The airline had raised Rs 700 crore from the debt market through a non-convertible debenture issue and the same was up for interest payment or redemption on Thursday.
With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
A one-time income of Rs 305 crore (Rs 3.05 billion) from the sale of its loyalty programme to equity partner Etihad helped Jet Airways slash losses to the tune of 95.7 per cent at Rs 43 crore (Rs 430 million) in the three months to September.
Dabur to consider demerger of pharma biz
V-Mart, Manaksia, Whirlpool Global and few other companies posted better third-quarter results.
British IT services firm Logica has decided to cut about 1,300 jobs, including nearly 500 in the UK, and move many of them to India, the Philippines and Morocco.Logica-- an IT and consultancy firm -- already has a significant presence in India and has an overall staff strength of 39,000.
The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
Goa, Uttarakhand and Meghalaya will initiate schemes to enable 24x7 power to consumers.
Italian motorcycle major Cagiva has reached an agreement with Kinetic Engineering of Pune, where the latter is likely to start manufacturing single-cylinder Cagiva models developed in Italy.
Billionaire Anil Agarwal-controlled Vedanta Resources has decided not to pursue a proposal to build a Rs 20,000-crore (Rs 200 billion) five-million-tonne steel project in Orissa in view of its strategy to focus on non-ferrous and iron ore businesses, two highly-placed sources in the company said on Tuesday.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
