Residents in these 10 spots are experiencing the most economic upheaval.
Pushing through structural reforms in the face of opposition from its Left allies is a challenge for the UPA government, but reforms have a chance after the next general elections, says a report by global investment bank Lehman Brothers.
Two top investment banks, Enam Financial Services and JM-Morgan Stanley, have backed out from the high-profile initial public offering by real-estate developer DLF Universal
The high-profile bidding war for control of Hutch-Essar could intensify with reports in the British media suggesting that Indian partner Ruias have received funding pledges worth up to $25 billion to buy out foreign stakeholder Hutchison Telecom.
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
Having dominated the summer placement scene at IIMs, companies like McKinsey, Boston Consultancy Group and UBS showed up for the first time for placements at IIT Bombay.
An S&P stock screen identifies the 10 best-performing stocks during a month that saw unprecedented market turmoil
These elite up-and-coming companies have more than just great financials.
In a move to soften the blow of Lehman Brothers' bankruptcy in the Indian stock and asset markets, four banks are set to take over its structured products businesses in India.
The BSE Realty index slumped 7.7% at 4,335. The IT index dropped 5.5% to 3,597, and the Metal index shed 4.5% at 10,391. The market breadth was extremely negative - out of 2,662 stocks traded, 2,263 declined, 359 advanced and 40 were unchanged on Monday.
"We forecast 7.3 per cent GDP growth (current financial year). We expect fundamentals to improve next year, propelling a recovery in H2 FY10," Lehman Brothers said in a report. For the first quarter ended June 2008, the economy registered a growth of 7.9 per cent against 9.2 per cent in the same period last year.
While Lehman will invest Rs 500 crore and hold 75 per cent in the JV, Peninsula Land will subscribe to the remaining equity at an investment of Rs 200 crore, according to sources.
It has to put in place the physical and social infrastructure for getting an international finance centre along with expediting reforms in the financial sector.
The story of Iceland is the story of life, notes Payal Singh Mohanka after a recent journey to that fascinating land.
The initial cost of the project, including land, is Rs 125 crore (Rs 1.25 billion) and the development cost is nearly Rs 1,400 crore (Rs 14 billion). The company is planning to fund the project through debt and draw more funds from Lehman if required, sources said. Recently, PLL and Lehman tied up to invest in the realty projects of Peninsula. In the Rs 700-crore (Rs 7 billion) joint venture, Lehman invested Rs 500 crore (Rs 5 billion).
Goldman Sachs on Wednesay began celebrating confirmation of bumper bonuses for this year, with the chairman and chief executive, Lloyd Blankfein, expected to lead the pack with a 30 per cent increase in his pay to about $70m.
Is an MBA just about Placements, Package, Profile and Prospects?
Vallabh Bhansali-controlled Enam Financial Consultants, one of the leading home-grown investment banks in India, is learnt to be in talks with JP Morgan for a strategic alliance.
Final student placements of the Indian Institute of Management (Ahmedabad) was over on Tuesday, with the premier B-school witnessing a hike in domestic and international salaries, as well as growing preference for enterpreneurship.
Around 15 venture funds from the US and Southeast Asia will be making investments in the Indian real estate sector through the FII route
Tamil Nadu Chief Minister M K Stalin's Cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and over a dozen shall be ministers for the first time.
The government's decision to pass on the rise in oil prices to consumers not only inflates their petrol and diesel bills, it also fuels concerns over a possible economic recession, analysts said.
Leading Israeli IT company, Ness Technologies, has submitted a prospectus to the US Securities and Exchange Commission for launching its initial public offer to raise capital for investments in India.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
A group of three banks has wrested control over the companies controlling Formula One's commercial rights from supremo Bernie Ecclestone.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
The new car market is estimated at around 30,000 units a year in sales in a good year, whereas the used car market for luxury vehicles is estimated at around 60,000 cars annually.
Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
In a statement, the central bank said heightened volatility in capital markets in reaction to Covid-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.
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