Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
India's ailing banks need immediate attention.
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
The Tata Steel Group has extended substantial financial support to the UK business and suffered asset impairment of more than 2 billion pounds in the last 5 years.
Hailing from a middle class family, Pichai's family did not own a car or a television during his childhood.
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
Former Italian Prime Minister Silvio Berlusconi met Thai businessman Bee Taechaubol on Wednesday to discuss the sale of a stake in Serie A football club AC Milan, which he has owned for almost 30 years.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
Two years ago, the number was 4,000, according to Indian businessmen.
US major Monsanto Company plans to hike its stake in the Indian arm by buying back 328,000 equity shares to 75 per cent at a maximum price of Rs 575 per share.
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The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
State Bank of India partnered GE Capital in 1998 for its credit card business.
Mistry is presently also the chairman of loss-making Forbes & Company Ltd listed on the Bombay Stock Exchange.
Storage battery major Exide Industries Ltd has dropped its plan to set up a manufacturing facility in Bangladesh and also put on hold its joint venture with a Malaysian firm to set up a reclamation plant in India.
A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country ranging from the tony and posh locations of metropolitan cities like Delhi, Mumbai, Kolkata and Chennai to mofussil locations like that in Haryana's Sirsa, Bihar's Muzaffarpur and Madhya Pradesh's Mandasaur and state capital Bhopal.
Hockenheim will host this year's German Grand Prix in July instead of alternating with the Nuerburgring, Formula One's commercial supremo Bernie Ecclestone told Reuters on Thursday.
In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not 'fit and proper' to run any exchange in the country and charged him of being the "highest beneficiary" in the NSEL scam.
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FTIL group is in big trouble after over Rs 5,500 crore payment crisis surfaced at its subsidiary NSEL last year.
Diageo-led United Spirits pulls out one more lifeline from UB Holdings.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Aditya Birla Nuvo gets board's nod, Videocon submits application.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
A summary of sports events and persons who made news on Thursday.
RCap had proprietary investment book of Rs 2,000 crore (Rs 20 billion) as on end-March and owns stake in a host of companies.
Banks will need more funds, as they have to provide more capital.
Providing more clarity, the government has said that certain class of related party transactions whose value is more than Rs 100 crore would require shareholders' prior approval by way of a special resolution.
Ram Sumiran Pal arrested in Delhi; hunt for two others on.
The $2.25-billion Godrej Group is considering leasing its flagship name to group companies for a royalty fee, a model similar to the one adopted by Tata Group, India's largest conglomerate.
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