A 1994 report from Department of Economic Affairs, Ministry of Finance found a lack of specialised financial intermediaries offering funds for infrastructure projects. This lead to the birth of IDFC Limited (IDFC) on...
8 new bidders for R-Infra cement biz
After Aditya Birla Group’s UltraTech Cement, eight more bidders have joined the race to buy Reliance Infrastructure (RInfra)’s cement business. These are Carlyle, Blackstone, Baring, Cemex, JK Cement, Birla...
TV18 & CNN renew partnership
TV18, a subsidiary of Network18 and Turner’s CNN International, on Tuesday announced the extension of their collaboration on English news channel CNN IBN. The joint venture also revealed plans to refresh CNN IBN...
Airtel, Vodafone plan to buy Videocon spectrum
Bharti Airtel and Vodafone India might buy additional spectrum in three circles from Videocon due to their acute need of fourth generation (4G) technology based radio waves in Bihar, Uttar Pradesh (UP) East and Haryana...
Viacom Inc Acquires 50% Stake In Prism TV For R940 Cr
US based entertainment giant Viacom Inc has acquired 50% of Prism TV which is an entity of Reliance Industries owned Network18 Group for a total consideration of R940 Cr. The remaining 50% will continue to be owned by...
Hindalco, Birla Carbon to raise $2.4-bn via bonds
Aditya Birla group companies Hindalco and Birla Carbon are tapping the international markets to raise around $2.43 billion by early next year, to bring down their financing costs. Hindalco is planning to raise $1.5...
Japanese investors return to to India seeking emerging market yield
Just two years after India’s policymakers stared down a major capital flight threat, the country has become a hot emerging market investment destination for one of the world’s most robust sources of capital...
Consolidating Future Retail
With rising disposable income of Indians, younger demography and fast-paced industrial development, Indian retail industry has emerged as one of the most dynamic sectors. The Indian retail industry accounts for 10% of...
The Sunshine Sector of the Country
At a time when India is taking strident steps on the global stage, the Media and Entertainment (M&E) industry offers tremendous growth potential and exciting investment opportunities not only to domestic investors...
Carnival Acquires Big Cinemas
Anil Ambani‐led Reliance MediaWorks Ltd. (RMW) and Carnival Cinemas announced the signing of definitive agreements for the sale of the former’s multiplexes business to Carnival Cinemas Ltd in...
New Companies Act Shall Include Setting Up IEPFA And NFRA
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National...
IDFC Demerges Financial Unit Into IDFC Bank
Infrastructure Development Finance Company Ltd (IDFC) on 30 October 2014, informed stock exchanges that it received the board’s approval to demerge its financial undertaking into a wholly owned step-down...