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Tatas hit back at Cyrus Mistry, say he lost board's confidence

General

27 October, 2016

Tatas hit back at Cyrus Mistry, say he lost board's confidence

Hitting out at Cyrus Mistry for making 'unsubstantiated claims and malicious allegations', Tata Sons on Thursday said the former chairman ......

Tata group stocks drop; firms dismiss concerns over Mistry's letter

General

27 October, 2016

Tata group stocks drop; firms dismiss concerns over Mistry's letter

Shares of various Tata group stocks, including Tata Power and Tata Motors, plunged sharply this morning amid concerns about purported ......

India cabinet gives in-principle nod to strategic sale of state-run firms

General

27 October, 2016

India cabinet gives in-principle nod to strategic sale of state-run firms

The Union Cabinet on Thursday gave in-principle approval to Niti Aayog's proposal for strategic sale in over a dozen public ......

HDFC Property Fund exits Lodha project for $224 mn

Infrastructure

26 October, 2016

HDFC Property Fund exits Lodha project for $224 mn

City-based realty player Lodha Group today said private equity player HDFC Property Fund has exited its stake in the developer's ......

India gains one spot in World Bank's Doing Business ranking

General

26 October, 2016

India gains one spot in World Bank's Doing Business ranking

India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little ......

Prudential Financial ups stake in DHFL Pramerica Life Insurance to 49%

General

25 October, 2016

Prudential Financial ups stake in DHFL Pramerica Life Insurance to 49%

Prudential Financial Inc (PFI) of the US today announced raising of its stake in DHFL Pramerica Life Insurance Company (DPLI) ......

India regulator recommends $456 mn fine on Airtel, Vodafone, Idea on Jio complaint

TMT

22 October, 2016

India regulator recommends $456 mn fine on Airtel, Vodafone, Idea on Jio complaint

In a setback to incumbent telecom operators, sector regulator TRAI today suggested imposing Rs 3,050 crore penalty on Bharti Airtel, ......

India plans to revive strategic stake sale in state-run firms

General

21 October, 2016

India plans to revive strategic stake sale in state-run firms

After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly ......

India govt set to raise $330 mn from NBCC stake sale

General

21 October, 2016

India govt set to raise $330 mn from NBCC stake sale

Government today looked set to raise about Rs 2,200 crore from sale of its 15 per cent stake in NBCC ......

Japan's Dai-ichi eyes stake in Union Bank of India's mutual fund biz

General

20 October, 2016

Japan's Dai-ichi eyes stake in Union Bank of India's mutual fund biz

Japanese financial services major Dai-ichi Life Insurance has evinced interest in buying some stake in Union KBC Asset Management and ......