Trying hard to downplay his credentials as a promoter-director at Lupin, Nilesh Gupta, group president and executive director says his leadership philosophy derives from some home-truths learnt from his father and the company chairman Desh Bandhu Gupta, and some text-book learning, which has led him to evolve his own, hands-on style. Sachin Kumar and Tejeesh NS Behl report.
The country's third-largest pharmaceutical company by market value, Lupin India, is eyeing Japan for its third acquisition, likely to be in the range of $100-200 million (Rs. 550-1,100 crore).
Flush with cash from the sale of his generic drugs business to Abbott Laboratories in 2010, Ajay Piramal, chairman, Piramal Healthcare, has been identifying opportunities to put his billions into profitable use, for himself as well as his shareholders, for as he says, a leader needs to be smart enough to see a good deal when it comes his way, and cash in on it.
US-based Financial Planning Standards Board is gearing up to replicate India's online examination model for certified financial planners in countries such as United States, Singapore and Malaysia. Sachin Kumar
and Tejeesh NS Behl
report. Walking in India’s footsteps?
At a time when banks are concerned about their lending to the telecom sector due to the recent cancellation of 122 licences of the telecom companies, Infrastructure Development Finance Company (IDFC) — the largest infrastructure lender is not apprehensive about its lending to the telecom sector.
Like the slogan of a leading plywood brand’s TV commercial goes, the dollar fetching 45 units of the Indian currency may not happen during our lifetimes. Fortunately, bankers and financial experts are less despondent, though they admit it could be months, or even quarters, before the rupee returns to the pre-50 level against the dollar.
Going by the slogan of a TV commercial of a leading plywood brand, the dollar fetching 45 units of the Indian currency may not happen during our lifetimes.
HDFC Life, a joint venture between HDFC and Standard Life of UK, is likely to seek a valuation in excess of Rs15,000 crore from the capital market, though its public issue will not debut before 2013, Amitabh Chaudhry, MD and CEO, HDFC Life told HT.