Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
A two-year extension at the helm of the RBI still looks a real possibility
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
A 22 year old's social enterprise serves as a bridge between transgenders and companies that want to hire them
From a small team of five weavers, Karagiri now works with 1,800 weavers from across India. Pallavi Mohadikar, co-founder of Karagiri, shares her incredible success journey.
"I did not resign. Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honour of my professional life," Bharara tweeted from his personal verified Twitter account, making a reference to his jurisdiction the Southern District of New York.
Vodafone and Bharti have pointed out that, for data, their revenue realisation should be at Rs 30-35 per GB for them to cover their costs as opposed to the current figure of over Rs 11 per GB. But Jio has suggested a gradual increase to Rs 15 per GB and then maybe to Rs 20 per GB after six to nine months.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
Experts believe that one should not allocate more than 5-10 per cent of one's equity portfolio to international funds.
I look forward to many years of success and friendship, working together to solve not only our problems, but world problems and problems of great danger and security, says President Trump in Beijing.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Berkshire has owned P&G stock since P&G bought Gillette Co in 2005. Buffett had invested in Gillette since 1989.
A large number of companies, either based out of this eastern state or having a significant presence there, are being probed for running illicit 'collective investment schemes', while penal action has already been initiated by Sebi against over 20 other entities from the region.
The lesson for Indian corporations, which otherwise like to pride themselves on adopting global best practices, is corporate America's proactive activism.
How far investors will be convinced by Modi's promise to replace red tape with a "red carpet" remains to be seen.
Sahil Vachani fuels Analjit Singh's new business initiatives
From lack of big reforms to regressive tax policies, the Modi govt has surrendered its initial momentum, says Shishir Asthana.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
Ninety-six years after women won the right to vote in the United States of America, a woman stands a chance of winning the US presidential race. Hillary Clinton -- former first lady, former US senator, and former secretary of state -- has become the first woman to capture a major-party nomination for president, taking another step in a journey that once seemed impossible, but over the last eight years has seemed inevitable. Like everything about her campaign, it was harder than expected.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Consumers are set to gain from discounts.
Local businesses are fretting over reform setbacks.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Prominent recruiters were Flipkart, Urban Ladder, AskmeBazaar etc
Indian banks are the 2nd-fastest-growing ones.
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Soaring output has left the world awash with cheap crude as supply exceeds demand by 1 million to 2 million barrels per day
Buy these stocks on any correction as both the companies have strong long-term prospects
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.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
'In one mansion we visited, I was told the doors in the back courtyard had to be kept closed because to have the front and back doors open at the same time would result in Chettiar wealth flowing away,' notes Rahul Jacob after a memorable visit to Karaikudi.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
Distressing as the first month of the Trump administration -- with its missteps on matters of governance, ethics and protocol -- has been, it has been a comic opera of buffoons by comparison to the horrors that await us, fears Rahul Jacob.
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
