While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
Delaying action on climate change will hurt growth: Global CEOs.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Salboni, in West Medinipur district, is where JSW Steel in 2007 said it would be putting up a 10 million tonne a year steel factory, plus a big captive power plant.
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.
Rajan has a great track record abroad.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
Known for making controversial remarks, senior Uttar Pradesh minister Azam Khan outdid himself when he alleged that Prime Minister Narendra Modi had met wanted underworld don Dawood Ibrahim in Lahore at the residence of his Pakistani counterpart Nawaz Sharif last December. Sharat Pradhan/ Rediff.com reports from Lucknow.
With this, Heineken's stake has risen from 39% to 42.2%.
'Foreign ministry sources in Delhi discount the official version of the story, in which Modi made an impromptu request to stop over at Lahore, during the course of a birthday telephone call to Nawaz Sharif. In fact, this stopover had been carefully considered in Delhi, as a way to galvanise the peace process further.'
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa
Aziz said that when it comes to cases involving the death penalty, the international court has always given a stay order.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
The average rating was seven out of 10.
A group of high-powered individuals led by Anand Mahindra have come together to set up Krea university. The campus is expected to be ready by 2019 and the first batch of 100 to 125 students will commence classes in August next year.
Around 300 promoters serve their company boards for free.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The markets have reacted negatively, for example, to recent news that Cairn India, of which the Anil Agarwal group company Vedanta owns 60 per cent, will give a $1.25-billion loan (about Rs 7,500 crore) on notably easy terms to Sesa Sterlite, another Anil Agarwal group company.
The Confederation of Indian Industry will organise a round table on investment.
While the Trinamool government, led by Chief Minister Mamata Banerjee, tried its best to attract investors, including from Singapore, not much headway could be made.
While some say an agreement was reached over the Panama Papers, others suggest that Nawaz Sharif may have handed the CPEC to the military in exchange for his survival.
Mamata Banerjee said availability of land won't be a problem in Bengal as the state government has a land bank.
In the domestic market, the Tata Group has lost ground in the passenger car business.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
SAARC summit in Islamabad in jeopardy. A SAARC summit can only take place when leaders of all member countries are present, notes Rajeev Sharma.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Girls in the Kashmir valley hurling defiance at the security forces will detract from the legitimacy of India's response and its standing in the world, says Ajai Shukla.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
Few top honchos of India Inc did very well in 2014.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
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