At the floor price of Rs 387 apiece, the sale of 24.28 crore shares would fetch about Rs 9,300 crore to the exchequer, after considering 5 per cent discount being offered to retail shareholders.
The Dutch brewer, the single largest shareholder in United Breweries with a 42.07 per cent stake, plans to take that holding beyond 50 per cent by buying shares from liquor baron Vijay Mallya and ...
This prolonged slump would make it tougher for Prime Minister Narendra Modi's government to hold to its plan to accelerate economic growth to over 8 per cent in the fiscal year ending March 2016, ...
The company said it was shelving plans to buy a cricket team in the highly profitable Indian Premier League blaming the 'negative aura' of the corruption-hit competition.
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups. Banks including Goldman Sachs Group and Morgan Stanley are looking to hire more bankers h...
Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal.
The deal, if completed, would see Alibaba investing as much as $1.2 billion, valuing Micromax, the second-biggest smartphone brand in India by sales, at $5 billion to $6 billion, two of the source...
Investment bankers say on the radar are US and European companies that develop biosimilars - cheaper copies of biotech drugs.
As regulators try to contain investment scandal by Sahara Group, dozens of smaller but similar schemes continue to mushroom, employing tactics similar to the ones that enriched the Sahara and later br...
Spain's BBVA SA denied having any credit exposure to Sahara Group, just days after the group told the court it had a line of credit from the bank to secure bail for its boss Subrata Roy.
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