Jet is believed to be in talks with leading private equity players.
Texas Pacific Group, the global private-equity fund, which manages around $20 billion, has named former Intel Capital managing director Varun Kapur to lead its investments in India effective this week.
Hutchison Telecom on Sunday said talks were on with various suitors for sale of its holding in joint venture Hutch-Essar in India and that there was no time-frame for a decision.
According to reports, the deal, if successful, could fetch Hutchison as much as $14 billion and would be Asia's largest private equity deal.
There's talk that the Reliance Anil Dhirubhai Ambani Group is eyeing a minority stake in the carrier. It's also possible that private equity players like Texas Pacific Group may want a slice of the low-cost carrier's equity.
The US-based private equity firm Texas Pacific group, among three others, is in talks with country's second largest airline Air Deccan for picking up a minority stake.
Private equity fund Texas Pacific Group and global financial services major Citigroup have put in their bids to acquire nearly 40 per cent stake held by the promoters in Sharekhan
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, 10 days ahead of the key Financial Action Task Force's plenary meeting which will give its decision on Pakistan's 'grey list' status.
If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.
India's largest cola brand Thums Up to make international debut in March
Pakistan has quietly banned Tehreek-e-Azaadi Jammu and Kashmir, a new front for Hafiz Saeed's Jamaat-ud-Dawa, as international pressure on the country grew, including from a global watchdog, to combat terror and its funding.
Emirates has been voted as the world's best airline in 2016 by travellers around the world.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
Khan's government will be the third consecutive democratic government in Pakistan since 2008.
It's Sanjeev Chadha, named Pepsi's chief executive for Asia, W Asia & Africa, versus Coca-Cola's Atul Singh.
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
The United Nations General Assembly today elected Angola, Malaysia, New Zealand, Spain and Venezuela as the new non-permanent members of the Security Council for a two-year term beginning in January next year.
At the Paris climate change summit, there is talk of restricting temperature rise to 1.5?C instead of 2?C, which has been negotiated so far. This would give India less space to grow by limiting carbon emissions further, reports Darryl D'Monte, reporting exclusively for Rediff.com from the French capital.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
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