The merger of Etihad Airways and Jet Airways passed finance regulatory authority review and now would go to the antitrust regulatory authority.
Tags: India
New rules on mergers in India telecoms industry scored
Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.
GAIL India to partially divest shares in China Gas
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
India's shrinking market and declining rupee affecting FMCG market
For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.
Bharti Retail and Walmart dissolve partnership
In a joint statement, Bharti Retail and Walmart dissolve their Best Price partnership in India. After weeks of speculation, Bharti Enterprises and Wal-Mart Stores Inc had announced that they are going on their separate ways for operations in the retail sector.
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Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
The Reserve Bank of India had refused to give extended deadline for banks to upgrade their security features to protect cardholders from credit card frauds.
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
India Infoline Finance Ltd. said today that it had raised INR900 million through a public issuance of secured redeemable non-covertible debentures (NCD).
India's capital markets regulator SEBI said it had been considering regulation changes to safeguard minority shareholders' interest in a company to use funds generated from an IPO aside from what was originally stated on its objectives.
