Kishore Biyani-led Pantaloon Group is close to making yet another announcement regarding stake sale to rationalise its debt. The company this time is looking at selling stake in its non-banking financial company Future Capital Holdings (FCH), sources said. HT reports.
The company was breeding ground for the founders of Infosys. Next week, its name will vanish. Vivek Sinha reports.
Alibaba.com Ltd, Hong Kong-listed unit of China's Alibaba Group, said today that 83.8% of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, in a decision that was widely expected.
Pressurised by a depreciating rupee, LG Electronics India has decided to raise prices of its IT products by 6% in June, as the company prepares to push the growth of its IT business through increased sales of laptops and LED monitors.
India's largest mobile telecom service provider Bharti Airtel on Thursday announced the acquisition of 49% stake in US giant Qualcomm's broadband wireless access (BWA) business, also called 4G services, in India for $165 million (
Rs. 922 crore). The company's shares rose 5.6% to
Rs. 298 on the Bombay Stock Exchange following the news.
With India’s total installed solar power capacity about to touch 1,000 mega-watts (MW), corporate houses including Tata, Mahindra and Reliance Anil Dhirubhai Ambani Group are betting big on solar power. All of them plan to add 100 MW of capacity each in the next three years.
As the head of a hospitality company straddling nine hospitality brands including Le Meridien, Sheraton and St Regis, Frits van Paasschen, president and chief executive officer of the $16-billion (Rs 88,000-crore) Starwood Hotels & Resorts Worldwide tells HT that the key component of his leadership style is communication right down the hierarchy. Excerpts:
Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing internet-based computing market.
Japanese consumer electronics major Sony expects India to join the company's top five markets by next year, sharing space with the US, Japan and China. At present, Sony India is at the sixth position,
HT reports.
Global private equity firm Xander Group will invest $600 million ( Rs. 3,300 crore) to set-up a pan-India portfolio of retail, lifestyle and community centres.
Canada's Fairfax Financial Holdings Ltd will buy Thomas Cook Group Plc's 77% stake in its India operations for about $150 million, as the UK holiday firm continues to pay down its debt.
The trial of the biggest suspect in a US crackdown on Wall Street insider trading, former Goldman Sachs director Rajat Gupta, started with a prosecutor saying he "threw away his duties."
Amid widening gap between demand and supply of coal in the country, CIL’s board has decided to exit from International Coal Ventures Ltd, a special purpose vehicle formed to acquire mines abroad, a move that may hit the country’s efforts to buy overseas reserves.
HT Media Limited on Friday announced a 6% growth in total revenue in the fourth quarter ended March 31, 2012 at Rs.512 crore from Rs.481.1 crore during the year-ago period.
Tata Steel on Friday reported a 90% fall in fourth quarter net profit at R433 crore compared to the year-ago period and a 0.5% negligible growth in revenue at Rs.33,999 crore.