A day before the deadline of exclusive takeover talks between Anil Ambani's Reliance Communications and South African company MTN expires, Reliance Industries has invoked the dispute resolution clause of the non-competition agreement against RCom. However, RCom plans to go ahead with its proposed merger with MTN without taking RIL's claim into account.
Like Bharti, India 's largest mobile operator, Reliance has global aspirations. After losing last year's keenly-contested $11bn takeover of Hutchison Essar, India 's fourth-largest mobile operator, to Vodafone of the UK, Reliance needs to raise its game or risk becoming an also-ran.
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
Real estate will prosper, small developers won't.
The 90-minute meeting is being seen as an attempt at reconciliation between Shivpal, a Cabinet minister, and Akhilesh after intervention of the latter's father Mulayam.
Forex traders said a stronger dollar also dragged the rupee down.
RCom, which, sources say had offered to pick up a 51 per cent stake in MTN through a complicated share-swap deal through which shareholders of the African company would pick up stake in RCom, had asked for an extension of the exclusivity talks for another three to four weeks.
Congress spokesperson Rajeev Gowda tells A Ganesh Nadar why his party may join the Nitish Kumar-led Janata parivar alliance.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
A possible merger of Reliance Communications of India and South Africa's MTN could see Anil Ambani become the enlarged group's chairman and biggest shareholder with a stake of almost 35 per cent.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
ICICI Bank has reported a decline in its quarterly net profit for the first time since its merger with ICICI.
Speculations are rife in the local media about MTN's next move after the failure of talks with two Indian entities RCOM and Bharti Airtel for a possible merger, with some saying that the South African telecom major might now target other telecom operators from India.
But he doesn't want to shut the door completely on the Yadav family as that could create problems for him in 2019.
Talking about the British rule, he said one of the their plans was to let the princely states decide for themselves, hoping that there would be chaos in the country.
Telecom to Telekom Malaysia in an attempt to complete the merger, sources involved in the negotiations said, declining to be identified. The group has hired Enam Financial as adviser to the transaction. Investment banking sources said the lawyers from both the parties are now busy structuring the deal so that the acquisition meets all the regulatory norms of the country and the Birlas retain control over Idea Cellular.
As is common practice of key parties associated with high-profile M&A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
GoAir reluctant to respond to overtures.
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
'Ola in India makes money on every ride. Our focus over the past couple of years has been to keep growing the market and our share in the market and build up on sustainable business,' says co-founder and CEO Bhavish Aggarwal.
Alliance Air, the feeder subsidiary of Indian Airlines, may fly Russian defence aerospace major Sukhoi's new civilian jet to connect regional locations in the country.
The incoming government will have to encourage private investments, bring down cost of capital
An all out war has broken out after SP chief Mulayam Singh Yadav replaced son Akhilesh with his brother Shivpal as the party's state unit chief.
The two companies have been negotiating to remain separate entities after a merger.
China's largest steel producer, Shanghai Baosteel, has set its eyes on Baotou Iron & Steel Group after global steel baron, Lakshmi Mittal's bid for a 50 per cent stake in the Chinese company faltered.
Here is the glimpse of the political turn of events in the state
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
'And the top 10 per cent will grow because they have to serve the market.'
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Sharad Yadav, President of the Janata Dal (United), is one of the architects of the proposed merger of six political parties who trace their roots to the erstwhile Janata Dal. Yadav tells Archis Mohan how the grand alliance with Left parties and even the Congress is the need of the hour.
Pakistan's powerful Inter-Services Intelligence had brought in Haqqani network's chief Sirajuddin Haqqani as the deputy leader of the Taliban last year to protect him from the Americans, a media report said on Sunday.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
New Union minister L Murugan's declaration of Kongu Nadu as his native place, instead of Tamil Nadu, may be part of a grand BJP strategy to create new states out of existing ones, particularly those that have anti-BJP governments, mulls N Sathiya Moorthy.
Usually, the chair in the Upper House reads out obituary references before members rise as a mark of respect to the memory of the departed.
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Mayank Ashar talks about India's business environment.
5 things to look at when companies go for mergers and acquisitions.
Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
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