Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
Firms have to adhere to strict compliance requirements mandated by global parents
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
Gilt funds make sense only if you want to take a tactical view on interest rates and are looking for a short-term duration.
While Pokemon Go prompted people to get out of their chairs and take a walk, Trakinvest became a potential hiring platform for brokerage firms. Anita Babu on gamification in 2017.
'It disappoints and saddens me no end that Mahua has allowed herself to be carried away by the Goebbelsian onslaught mounted on the BJP and Narendra Modi by certain vested interests which find themselves exposed and thrown out of the gravy train,' says B S Raghavan, the distinguished civil servant.
A Indian is among the victims of a train accident in a New York suburb.
The Rs 51 per GB data versus industry norm of Rs 250-plus comes with the caveat of an upfront payment of Rs 1,498 for a year
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
PepsiCo's India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM Chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.
Experts believe that one should not allocate more than 5-10 per cent of one's equity portfolio to international funds.
The regional fallout could continue.
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.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
Beijing did not announce expected policy support over the weekend
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
In his book Restart, Mihir Sharma minces no words in pointing out that faulty policies, the lackadaisical attitude of bureaucrats and a few wrong decisions of past governments have hampered India's growth.
Many investors clearly think they can play this game.
Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks for $2.2 billion, a cheaper than-expected price, analysts said, although they also noted the acquisition would put pressure on Nokia's balance sheet.
'A positive oil shock has a detrimental effect on growth and activity.'
HCL Technologies and Infosys should benefit more than TCS and Wipro
Microsoft saw its shares fall 2.6% on Monday.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Budget should raise revenues & reduce spending to increase capital expenditure.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
Apple Inc may have disappointed many consumers by not putting sapphire glass covers on its new iPhone, but the scratch-resistant material is gradually making its way into mobile devices despite manufacturing challenges and high costs.
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
A data plan currently priced at Rs 100 should not cost more than Rs 34, if India has to make the Internet affordable for 80 per cent of its population.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
What China's market crash means for India
The Street is never short of hope and events to look forward to
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
May be the strong United States growth will lead the world back to a period of growth and help us all put this painful recrimination behind us.
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