The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore. TPG will invest $1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.
Haldiram has entered into an agreement with Temasek as part of which the Singapore-headquartered global investment firm will "acquire an equity stake from the existing shareholders" of India's largest packed snack and sweets company and restaurant operator, according to a statement issued on Sunday. It did not disclose details of the deal or the valuation at which Temasek acquired the equity stake, but this is the first official confirmation of the deal from Haldiram.
The era where nations thrived through rigid alignments is giving way to an age where the connective State defines power. For India, that era has arrived, points out Dr Nishakant Ojha.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
Calling Canada's behaviour 'the pits', India's recalled high commissioner Sanjay Verma says India was backstabbed and treated in a most unprofessional manner by a country that is supposed to be a friendly democracy.
The chief adviser alleged elections held under Hasina's regime were "rigged blatantly and generations of young people grew up without exercising their voting rights."
The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny. "Companies are closely watching this space.
A top management leadership team from SoftBank has been coming to India in the last few days to meet the founders of start-ups and other investors, signalling the country's emergence as a pivotal market for the global investment giant. Based on current estimates, India accounts for nearly 10 per cent ($20 billion) of SoftBank's invested assets under management (AUM) globally. That makes the country its third largest market after the US and China.
Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilised for long-term resources, for general corporate purposes and to fund future growth, the company said in a regulatory filing.
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million.
Sources said Unsworth had submitted a one-page letter indicating his interest in Jet but without any accompanying documents.
would also take on board its strategic investment partner Etihad
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
With Donald Trump unable to make it, Modi settles for Brazilian President Jair Bolsonaro.
China is in no hurry to disengage at the border and the region and international community is moving on. The spectre of a long haul in Ladakh haunts India, points out Ambassador M K Bhadrakumar.
With a house on the top floor of Dubai's Burj Khalifa, the world's tallest building, Bahrain-based India-born billionaire Ravi Pillai is planning big-buck investments across the construction, hospitality, real estate and healthcare sectors in India.
State government and the investment partner of the project was on a dispute over 'free hold land' issue.
Sun Pharma has increased its stake in Israel's Taro by buying 9.5% more, raising its total holding to 34.4 per cent.
Indian start-ups are likely to experience a fillip as around 40 US venture capitalists and private equity holders have already lined up $400 million to invest in the country.
India has made 7,000 reforms for attracting foreign direct investment in various sectors including real estate and defence: Modi.
Talisma Corporation, the Bangalore based mid-sized product firm announced on Thursday that its merger with Canadian IT firm Pivotal Corporation.
Prime Minister Narendra Modi said on Tuesday that the Netherlands is a natural partner in India's economic development and thanked the key European nation for backing India's Missile Technology Control Regime membership.
Beside the defence forces in India, the start-up has shipped around 350,000 units to 12 countries -- the United Kingdom, France, Poland, Bangladesh, Saudi Arabia, the UAE, Kenya, South Africa, Romania, Indonesia, Qatar and Oman.
The tour is aimed at boosting India's economic engagement with these nations and inviting more investment.
Modi said he looked forward to the opportunity to have an in-depth exchange of views.
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
Macron accepted the invitation and said he will visit New Delhi by the end of the year for an international summit on solar power - an area on which France plans closer cooperation with India.
"There has been one meeting (on this). It is a matter of setting up the governance structures. Now ball is in the court of the Indian side to finalise the governance of the setting up of the fund. We are ready for it," the UAE ambassador Dr Ahmed Al Banna said.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
Asia's falling stocks have triggered an exodus of funds from the region.
Amid improving fundamentals, the bank is keen to double the corpus over the next year and a half, said a senior official.
Investors attribute some of the growth in Indian stocks, that saw Bombay's benchmark BSE index rise nearly a third in 2014, to the election of a pro-business government in May, under Prime Minister Narendra Modi.
India's IPR framework and enforcement were comparable to those in developed countries
Ahead of his talks with the Emirati leadership, Prime Minister Narendra Modi has said the Gulf region is vital for India's economic, energy and security interests.
Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an elusive civil nuclear deal.
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