The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Sebi also allowed foreign investors to own up to 15 per cent stake in domestic stock and commodity exchanges
The Indian Banks' Association (IBA) on Friday asked Reserve Bank to allow home-grown banks to set up intermediate holding companies for raising capital for their insurance, asset management and allied businesses.
Over the past year, McLeod sold 21 gardens in India, reducing almost 32 million kg in production.
G V Krishna Reddy, Chairman, talks to Business Standard about his plans.
The FIPB rejected two proposals -- Nigeria's Mokeme Chiwetal Izuchukwu and Lanarth Developers Pvt Ltd.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.
Listed entities demerge businesses from lubricants and skincare to textiles, tea and information technology.
Experts believe the merits of Infosys' insiders lie in their youth.
The sale of the NPA account is to happen through e-auction on January 30, as per the bid invite.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
Sachin and Binny Bansal are the faces of the e-commerce sensation but other investors dominate the board.
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.
The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
These brands create powerful connections by being meaningful to consumers, and differentiating themselves from others.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
Additional levy to eat into Rs 6,000-crore income of top promoters
The cumulative loss of 20 state-run lenders stood at Rs 14,000 crore during Q4
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
She received nearly 97.7 per cent of the votes in favour of her re-appointment, while nearly 2.32 per cent votes were cast against her
The Securities and Exchange Board of India, or Sebi, on Wednesday made it compulsory for promoters of listed companies to disclose the details of their pledged shares, but clarified that there would be no need to disclose pledged shares of the holding company. Legal and accountancy experts say this may lead to a restructuring of the shareholding pattern in many companies.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year.
'If you do quick back-of-the-envelope calculation, someone earning Rs 10 lakh can get a benefit of anywhere between Rs 35,000 and Rs 45,000, even if s/he is availing exemptions.' 'A large proportion of people do not avail full exemptions as they don't have money to invest in those schemes.'
Mistry is halfway through in building Tata group's Gen Next.
The report also revealed the parlous finances of the Vijay Mallya-owned team at the time they were taken into administration last July.
Ola did not disclose financial details of the investment.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
This is what makes the legendary investor's investing philosophy a WINNER.
Saudi Prince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding company will become the first private owner of A380 Flying Palace, Airbus said.
Tata Sons has signed a memorandum of understanding with Singapore Airlines to establish a new airline in India.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
The move would retain the public sector character of these banks, as the holding company will be wholly owned by the government, finance ministry officials said. This company, in turn, will own a majority stake in the banks.
The paper also said a holding company that would own a bank and other companies in the group would help separate a banking entity from other group companies and hence the responsibility of funding the growth of subsidiaries.
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