Biyani fortifies Future of Retail with Bharti Merger

May 04 2015

The merger of Future Retail and Bharti Retail will create the country's largest retailer with 570 stores in 243 cities.

DLF to launch Rs 3,600cr CMBS issue in next two months

May 04 2015

India's largest realty firm DLF is likely to raise about Rs 3,600 crore this quarter through the issue of securities.

Streamline green nod process for mining projects: House Panel

May 04 2015

A Parliamentary Panel has asked the Government to explore the feasibility of creating a medium to streamline the process of obtaining environmental clearances.

Jharkhand Govt and NTPC sign MoA to form JV for PTPS expansion

May 04 2015

The Jharkhand Government signed a Memorandum of Agreement with the NTPC for forming a joint venture company (JVC).

Government plans to set up four steel plants

May 04 2015

Narendra Singh Tomar said the government has planned to set up four steel plants in Jharkhand, Karnataka, Odisha and Chhatisgarh.

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Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric

Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years

Group is entering into a management contract with The Park Hotels



Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh


Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr

Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders

Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils

The govt announced in the budget a hike in import duty to 30-35%

Businessline Reports


TPG Cap and Manipal Health are eyeing controlling stake in the co

Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors

Will have to buy at least 26% stake through Voluntary open offer as part of takeover code

A 26% shareholding will automatically trigger the mandatory open offer for additional 20%

Business Standard Reports


TRAI issues show-cause notice to co

Seeks details of non-transparent, discriminatory tariffs to consumers

Have to respond till Mar 25

Action to depend on if tariff reported to regulator or not

Notice first one after TRAI issued tariff order on predatory pricing

Economic Times Reports

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