Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
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.
Sahil Vachani fuels Analjit Singh's new business initiatives
How far investors will be convinced by Modi's promise to replace red tape with a "red carpet" remains to be seen.
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.
BWith a distracted president brooding in the White House, Pompeo seems to think his day has come. He seems to be pushing a personal agenda before a target audience in America, observes Ambassador M K Bhadrakumar.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
A 22 year old's social enterprise serves as a bridge between transgenders and companies that want to hire them
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
Prominent recruiters were Flipkart, Urban Ladder, AskmeBazaar etc
Indian banks are the 2nd-fastest-growing ones.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Need for much more investment; sector would like govt help
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.
A two-year extension at the helm of the RBI still looks a real possibility
'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.
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.
Sweden has the world's highest negative rate.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Local businesses are fretting over reform setbacks.
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.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
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.
From lack of big reforms to regressive tax policies, the Modi govt has surrendered its initial momentum, says Shishir Asthana.
Modi asked bureaucrats to imagine whether or not their life has become "robotic". "If it has happened than this impacts the whole government and system. We can't be robotic. That can't be our life," the prime minister said during an hour-long interaction with civil servants at the 9th Civil Services Day function at Vigyan Bhawan.
Markets could slide again owing to conditions in Europe and the US.
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.
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.
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.
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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.
Soaring output has left the world awash with cheap crude as supply exceeds demand by 1 million to 2 million barrels per day
