Business

The Munjal-Burmans combine had given their revised offer on May 1, which included an upfront equity infusion of Rs 800 crore at a price of Rs 167 per share into the company through preferential allotment.

DSP Group owns 60 per cent stake in the JV while the remaining 40 per cent is with BlackRock Inc.

Although the board meeting agenda is limited to financial results, some board members may raise the issue of corporate governance, sources said, adding that it is up to the Chairman M K Sharma to allow deviation from the scheduled agenda.

According to the report, leading Indian companies such as Wipro, state-run Coal India, Cipla, Jindal Steel and Power, Mahindra and Mahindra have recently made investments in South Africa.

“Sugarcane farmers are in deep distress. A separate group of 5 ministers within 2 weeks will make a recommendation to meet contingency of this kind when the cost of a commodity is higher than its selling price. Committee will be announced within next 2 da...

The Union Finance Minister Arun Jaitley-chaired council, comprising state finance ministers, will meet through video conferencing. The meeting comes at a time when Goods and Services Tax (GST) collections achieved its record high by exceeding Rs 1 lakh cr...

Sources said all major investors in Flipkart, including SoftBank of Japan, are more or less on board with Walmart's purchase and the deal could be announced in the coming days.

The Department of Telecom had last year asked the Telecom Regulatory Authority of India to give its recommendations on licensing terms and modalities for providing in-flight data and voice services.

Goods and Services Tax (GST) collection for the month of April reached Rs1,03,458 crore, ministry of finance said in a statement on Tuesday.

The world's largest retailer is in talks to merge its UK arm with J Sainsbury Plc and is also looking to acquire a majority stake in India's leading online retailer Flipkart.

Following a study of Reserve Bank data, Assocham noted how sector after sector, including sugar, petroleum, coal, petrochemicals, cement, basic metals and metal products have shown a drop in deployment of gross bank credit between minus two per cent and 1...

According to Chinese Consul General in Kolkata Ma Zhanwu, Dokhlam stand-off is over and a new chapter has begun with the meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi at the Wuhan informal summit.

According to the Korn Ferry Gender Pay Index, pay gap between men and women is real but the disparity becomes much smaller while analysing same job level, same company, same function.

The cabinet also gave ex-post facto approval to an MoU between India and Sao Tome and Principe on cooperation in the field of Medicinal Plants.

The Fugitive Economic Offenders Bill seeks to confiscate properties of economic offenders like diamond merchant Nirav Modi, who have left the country to avoid facing criminal prosecution.

Till now, an Officially Valid Document (OVD) for address proof together with Permanent Account Number (PAN) issued by the Income Tax department and a recent passport size photograph were the key KYC documents.