The deal assumes significance in the backdrop of growing apprehensions over a decline in the availability of assets eligible for securitisation after the banking regulator tightened norms for such deals in August.
RuralShores has signed an agreement with GMR group to set up its rural BPO unit at SEZ of the infrastructure firm coming up at Kakinada in Andhra Pradesh.
Government asks PSUs like CIL, ONGC, NMDC, NTPC to either invest or pay dividends on their surplus funds
Govt has asked PSUs to spend the Rs 2 lakh crore cash pile they are sitting on. For their part, the companies themselves have big spending plans.
Iron ore miner NMDC will become the majority owner of a major seaport in Andhra Pradesh, marking one more attempt at diversification by the cash-rich state-owned company.
India's second largest drugmaker Dr Reddy's Laboratories (DRL) has once again downwardly revised its revenue target for the current fiscal, this time to $2.2 billion, going by the pace of revenue accruals so far during the year.
Nayyar said the outcome of the process of challenging the attachment will not have any bearing on the swap ratio for merger of Satyam with Tech M.
The service tax authorities served show cause notice asking it to cough up Rs 34.24 crore as tax, at a time when the company pruned losses.
The accomplishments of the Hyderabad-based Jagan Mohan Reddy, a businessman, are far greater than those of Reddy the politician.
The deal highlights Rain Commodities' ambitiousness, which in 2007 bought calcined petroleum coke maker CII Carbon for $600 mn.
Dr Reddy’s Labs has agreed to buy the entire equity holding of OctoPlus NV for 27.39 million euros (Rs 191.72 crore) in an all cash deal.
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