Flexibility in IKEA case to draw more investors

The foreign Investment Promotion Board’s decision to allow Swedish furniture major IKEA to set up stores, along with cafes, in India and offer its entire range of products is being seen as a......

Insurers set the ball rolling on foreign stake hike

Bharti will move FIPB soon for increasing Axa's stake to 49%, Reliance Cap to begin talks with Nippon. The Insurance Laws (Amendment) Bill, passed by Parliament after a six-year wait, will shake......

Etihad sets terms to lower strength on Jet board

To have 2 directors even if it dilutes stake to 15% Abu Dhabi-based Etihad Airways would continue to have two directors on the board of Jet Airways, even if it decided to dilute its stake in the......

Novartis-GSK-Eli Lilly deal may affect Indian market

Swiss drug major Novartis’ multi-billion-dollar overhaul through deals with two multinational firms -- GlaxoSmithKline and Eli Lilly -- is likely to have an impact on the Indian market, too,......