Japan's leading information technology services and solutions provider, NTT Data Corporation, has emerged as the most aggressive suitor for Indian software services firm Patni Computer Systems. NTT is in advanced talks with the promoters of Patni Computer to buy their combined 46.5 per cent stake, investment banking sources said.
The loan is funded by a consortium of banks led by Australian and New Zealand Banking Group Ltd, BNP Paribas, Credit Agricole Corporate and Investment Bank, DBS Bank Ltd and Intesa Sanpaolo Spa, RCom said in a filing to the Bombay Stock Exchange.
The brokerage, which previously had a target of 31,000, cited global growth concerns for revision in the target.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
New York prosecutors are poised to file civil fraud charges against Ernst & Young.
Information technology services major Cognizant is at an advanced stage of negotiations to acquire Genpact, the business process outsourcing (BPO) giant.
The Wall Street Journal has reported that the SEC has contacted many investment banks whose analysts cover generic drug-maker Mylan, asking about a meeting the company hosted last September with those analysts and a group of investors.
Goldman Sachs is likely to face a fine of around 20 million pounds from UK financial regulator FSA, just months after US Securities and Exchange Commission imposed a penalty on the banking major, a media report said.
Rajat Gupta, 70, the first Indian managing director of McKinsey and who of 17 months in US prison for insider trading, gets ready to tell his side of the story. And he is less than complimentary about Preet Bharara, then the famous crusading US attorney for the Southern District of New York. "The jury, the press and the public saw only... a 'cropped picture', he says. For someone whose life story was a model of the Great American Dream - an Indian of modest means who rose to the highest circles of politics and business, mingling with the White House and Davos crowd - his indictment in 2012 marked a stunning fall from grace. Many ascribed it to the hubris of the rich and powerful, says Kanika Datta.
Bookmyshow and KyaZoonga go beyond movie tickets.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
UK-based investment bank Rothschild is advising Tata Global Beverages.
Securities Exchange Commission, the American market regulator, on Friday charged investment banking major Goldman Sachs with fraud on subprime mortgages, saying that Goldman did not disclose key facts to investors.
India-born chief executive officer of Citigroup, Vikram Pandit, was awarded Banker of the Year by Euronext magazine for having executed one of the biggest, and most complex, bank restructurings in history which saw the troubled institution returning to profits.
India's largest domestic drug maker, Cipla, sold its emergency contraceptive brand, i-pill, to Piramal Healthcare in a deal worth Rs 950 million
With inflation down, the government's twin deficits are largely under control.
The BRI, a pet initiative of President Xi, is aimed at promoting network of roads, ports and rail networks all over the world to spread China's influence.
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.
Deutsche Bank bid the lowest--which was promptly matched by five others--according to the sources. They said DB quoted 0.00000000001 per cent of the issue size as bankers' fee. That works out to 80 paise. The banks were apparently willing to waive the fee altogether, but what deterred them was that UBS was recently disqualified on technical grounds from the NTPC FPO as it had quoted nil fee.
Goldman Sachs is seeking to avoid a fraud charge as part of its settlement with the United States market regulator SEC, which had charged the investment banking major with defrauding investors by misrepresenting facts, a media report said.
How important is knowing a foreign language in the job market where boundaries have become meaningless? Does it hurt your career if you don't speak one? Tell us!
The bank will have initial authorised capital of $100 billion
"No problem is insurmountable," Shaheen Mistri tells Anjuli Bhargava.
Sonjoy Chatterjee, executive director (ED) of ICICI Bank, has put in his papers and will soon join US-based investment bank Goldman Sachs in India, according to a person familiar with the development.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Deccan Chronicle holds 80 per cent stake in Deccan Chargers and had paid $107 million for the IPL franchise.
In the run-up to the Coal India initial public offering (IPO), brokers are offering Rs 500-700 to 'rent' the demat accounts of retail investors not subscribing to the issue. The rent is for the duration of the issue, which opens on Monday and closes four days later.
A total of 25 companies raised Rs 28,220 crore during the financial year.
Analjit to guard stake by pumping in money.
Perhaps these new revelations about E&Y and Lehman will inspire the govt to reopen the subject for more radical change.
Why strategic initiatives should be taken based more on a vision and entrepreneurial "gut-based" decision process in India, writes Arvind Singhal
In the past 10 years, 141,000 women or 2.6 per cent of female workers in finance left the industry.
It's hard to fathom why billionaires like Rajaratnam stake their reputation for tiny additions to their wealth.
At the Indian Institute of Management, Bangalore (IIM-B), where post-graduate programme (PGP) placement starts on March 4, a sense of anticipation and optimism is in the air.
US automaker General Motors' chief executive has apologised for the company's handling of the failed sale of its subsidiary Opel to Canadian manufacturer Magna and Russian investment bank Sperbank.
Rohit Chatterji, the new managing director and head of investment banking at J P Morgan, is cautious about the European crisis turning from a liquidity issue to a solvency crisis.
The venture is seen as a rival to the World Bank.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
S. P. Jain Center Of Management, Dubai / Singapore invites applications for 'The Global MBA' programme.
The Reserve Bank of India is likely to announce a "gradual" exit from its easy money stance and may resort to raising key rates to squeeze out excess liquidity from markets in its forthcoming review meeting, investment banking firm Barclays Capital says.
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