IDFC misused funds: NGO

Telecom Watchdog, a Delhi-based NGO, has alleged that IDFC misused funds from the India Development Fund to fund transactions in Hutch Essar Ltd. The NGO has further alleged that an IDFC company--......

Actis to buy into GVK's power business

Private equity investor Actis is set to acquire a stake in infrastructure major GVK's power business for about Rs 1,000 crore, according to sources close to the development. The deal was close to......

Suzlon Energy board approves Rs 18 bn rights issue

Wind power major Suzlon Energysaid on Monday it has received board approval for raising up to Rs 1,800 crore (Rs 18 billion) through allotment of shares to the existing shareholders on rights basis......

Hutch shareholding okay: Dept

The decks are being cleared for the acquisition of Hutch-Essar by Vodafone, with the department of legal affairs of the view that the 12.26 per cent stake held in Hutch-Essar by Asim Ghosh and......