The National Asset Reconstruction Co. Ltd (NARCL), a key constituent of India’s so-called bad bank, emerged as the top bidder with an offer of Rs 5,555 crore as net present value ( ... Read more
The National Asset Reconstruction Co. Ltd (NARCL), a key constituent of India’s so-called bad bank, emerged as the top bidder with an offer of Rs 5,555 crore as net present value (NPV), for the assets of Kolkata-based Srei Group. Read more
The recent resignations of senior executives like Nakul Tuteja, who joined just 10 months ago as vice president of human resources and administration, as well as H.R. Jagannath, vi ... Read more
The recent resignations of senior executives like Nakul Tuteja, who joined just 10 months ago as vice president of human resources and administration, as well as H.R. Jagannath, vice president of engineering, threaten to further derail the flight plans of Jet Airways. Read more
Just days after the Torrent Group emerged as the highest bidder in the first phase of the auction for acquiring the assets of debt-laden Reliance Capital, it was trumped by a highe ... Read more
Just days after the Torrent Group emerged as the highest bidder in the first phase of the auction for acquiring the assets of debt-laden Reliance Capital, it was trumped by a higher offer from the Hinduja group. Read more
Walt Disney Co. plans to sell its 29.8% stake in India’s largest satellite television operator Tata Play Ltd as it heads into an IPO for which it has filed a confidential offer doc ... Read more
Walt Disney Co. plans to sell its 29.8% stake in India’s largest satellite television operator Tata Play Ltd as it heads into an IPO for which it has filed a confidential offer document with the markets regulator. The Rs 2,500 crore IPO being managed by bankers Kotak Mahindra Capital, Citi, Morgan Stanley, IIFL, and Bank of America will also give an exit to another early investor, Baytree Investments (Mauritius), which acquired 10% of Tata Play in 2008. Read more
Vodafone Idea’s plan to sell Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure, which would, in turn, be used by the carrier to pay back some of the pending d ... Read more
Vodafone Idea’s plan to sell Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure, which would, in turn, be used by the carrier to pay back some of the pending dues to the tower operator, had to be aborted. Read more
With RRPR Holdings, a promoter vehicle, transferring 99.5% of its 29.18% holding in the media company to Vishvapradhan Commercial Pvt. Ltd (VCPL), a wholly owned subsidiary of Adan ... Read more
With RRPR Holdings, a promoter vehicle, transferring 99.5% of its 29.18% holding in the media company to Vishvapradhan Commercial Pvt. Ltd (VCPL), a wholly owned subsidiary of Adani Group, the takeover of New Delhi Television (NDTV is nearing completion. Read more
Jio Financial Services, Mukesh Ambani’s newest bet for the future, is getting a move on with its recently appointed chairman K.V. Kamath, bringing in Manish Singh, a former colleag ... Read more
Jio Financial Services, Mukesh Ambani’s newest bet for the future, is getting a move on with its recently appointed chairman K.V. Kamath, bringing in Manish Singh, a former colleague from ICICI Bank, to build a team for the business. Read more
The Adani group, which already runs eight airports across India, is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL). Read more
The Adani group, which already runs eight airports across India, is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL). Read more
As expected, Bombay Dyeing moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (Sebi) order barring the company and its promoters, Nusli ... Read more
As expected, Bombay Dyeing moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (Sebi) order barring the company and its promoters, Nusli N Wadia, Ness Wadia and Jehangir Wadia, from the securities markets for up to two years. Read more
Even as the Tata group drafted in Mehli Mistry, the estranged cousin of the late Cyrus Mistry as a trustee on the boards of two major Tata trusts, a newer generation is also being ... Read more
Even as the Tata group drafted in Mehli Mistry, the estranged cousin of the late Cyrus Mistry as a trustee on the boards of two major Tata trusts, a newer generation is also being simultaneously groomed for future roles. Read more
