For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
Mulyama's remarks came against the backdrop of marathon meetings Congress' poll strategist Prashant Kishor had with him in Delhi and Lucknow.
After days of tough posturing between leadership of the Janata Dal-United and the Rashtriya Janata Dal in Bihar on the issue of alliance for the assembly elections, action has now shifted to the national capital, where top leaders from both the parties will meet to thrash out the differences.
Under the ambit of probe is how former exec Eric Alexander obtained medical records of woman who was raped by an Uber driver in Delhi in 2014
The Congress which was snubbed by the Telangana Rashtra Samithi has decided to rope in members of the Telangana Joint Action Committee to fight the elections on their ticket.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Finance Minister Pranab Mukherjee on Thursday described the failure of talks between India's telecom giant Bharti Airtel and South Africa's MTN on the $23 billion merger deal as "part of the game".
Sun Pharma rejected Taro's demand, stating that it had not disclosed audited results for the past three years as well as the restated accounts. Sun's offer was a maximum of $9.50 per share, with two options. Discussions failed and both parties asked the court to give a verdict. However, the court directed both parties to re-negotiate through a mediator.
The two also met corporate affairs minister Salman Khurshid, who asked them to keep his ministry in the loop.
Germany-based BASF, the world's largest chemical manufacturer, acquired Swiss chemical maker Ciba last year in a $3.27 billion transaction.
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.
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.
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.
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.
Forex traders said a stronger dollar also dragged the rupee down.
Congress spokesperson Rajeev Gowda tells A Ganesh Nadar why his party may join the Nitish Kumar-led Janata parivar alliance.
ICICI Bank has reported a decline in its quarterly net profit for the first time since its merger with ICICI.
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
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.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
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.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
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'.
But he doesn't want to shut the door completely on the Yadav family as that could create problems for him in 2019.
GoAir reluctant to respond to overtures.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
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.
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.
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.
The incoming government will have to encourage private investments, bring down cost of capital
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.
The two companies have been negotiating to remain separate entities after a merger.
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.
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.
