India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Macron, who assumed the presidency in May 2017, emphasised that this is a government-to-government discussion and "this contract is part of a broader framework which is military and defence" coalition between India and France.
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India's biggest privatisation showed. Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner and second-largest fuel retailer. Detailing the 'Next Step', the 'Brief Note on BPCL Disinvestment' said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company and sale purchase agreement has to be finalised.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
The meeting will focus on how to make the crisis an opportunity for India.
'If the Modi government does not waive farm loans, we guarantee to waive farm loans if voted to power in 2019'
One of the key reasons for corporate movie makers, such as Reliance and Viacom18, to flock to Tollywood is the growth regional content has shown in recent times.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
Gandhi said the BJP, in power in Madhya Pradesh since 2003, is only working for a few rich people.
The stock market rout has caused the country's five richest, led by Reliance Industries Chairman Mukesh Ambani, to lose more than $10 billion in just about a fortnight.
Global rating agency Standard and Poor's on Monday cautioned that the credit quality of Mukesh Ambani controlled Reliance group's flagship company RIL might "weaken"
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
'There is no secrecy clause to the price (of the aircraft).' 'There can be secrecy on the capability of the nuclear payload of aircraft and things like that, but the price is hardly a secret.'
RIL filed an appeal on Monday before a division bench headed by Chief Justice Swantra Kumar seeking a stay on an interim order by a single bench restraining it from selling gas to companies other than RNRL and NTPC.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
RIL's 3500 MW project at Dadri in UPThe Reliance Group on Wednesday announced its decision to set up the world's largest gas-based power generation project at Dadri in western Uttar Pradesh.
A bail plea was also moved on his behalf. The court did not give any specific date for hearing the bail plea.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
Fast cars, marathons, golfing and shooting - nothing stops these high-power tycoons from pursuing their passion.
'I am not a Hinduwadi leader, but a nationalist leader. I am a leader of every religion, every caste, every language and every class'
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
The verdict, upholding Centre's November 15, 2019, notification bringing personal guarantors of corporate debtors under the net of the IBC, assumes significance in view of the fact that various high-profile industrialists may now face insolvency proceedings along with their debt-ridden firms under the IBC.
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
Licence winners are expected to be announced by the first quarter of 2014.
This will help the company reduce its debt that has doubled to Rs 40,177.6 crore in four years.
RM took stock of progress in production of the fighter jets whose delivery to India will begin in September next year.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
After spending two seasons with the team as player, Australia's two-time World Cup-winning captain Ricky Ponting will take over as head coach of Mumbai Indians for the eighth season of the Indian Premier League. He will replace John Wright, who was the team's coach for Season 6 and 7.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
The agency would probe whether Sibal had shown undue favour to RIL.
