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  • 05-Jul-2019 | Arun Kumar

    Union Budget 2019: Priming the pump for investments, infrastructure

    On the foreign investment front, ensuring a harmonised and hassle-free investment experience for foreign portfolio investors will help enable large cross-border capital flows

  • 07-Apr-2015 | Arun Kumar Sampathkumar & Lawrence Surendra

    "Lifting of sanctions to give boost to Iranian oil exports"

    The deal will also potentially help the country to further its science and technological progress, especially in areas like nanotechnology

  • 31-Dec-2009 | Arun Kumar Das/PTI

    Recession-hit tourism sector looks up to CWG

    Terror threat, swine flu scare and hike in air fares hit the tourism sector hard in 2009 with number of foreigners visiting the country dropping by over six per cent but the Tourism Ministry is now looking up to the Commonwealth Games (CWG) to ...

  • 28-Dec-2009 | Arun Kumar Das/ PTI

    Mamata's rail chugs along with hiccups

    It was not a smooth ride in 2009 for the Railways which was hit by accidents, derailments and hijacking of the prestigious Rajdhani train.

  • 23-Jul-2009 | Arun Kumar

    NHPC IPO may raise Rs 1,850 cr

    The government is set to exceed its 2009-10 disinvestment target of Rs 1,120 crore through the first company that is slated to go to the markets this year — NHPC.

  • 20-Jul-2009 | Arun Kumar

    Maytas Infra sells stakes in 2 expressway projects

    In a bid to tide over its financial crisis, Maytas Infrastructure, the listed company promoted by Satyam Computers’ B Ramalinga Raju, has decided to sell part of its shareholding in Cyberabad Expressway Pvt Ltd and Hyderabad Expressway Pvt Ltd ...

  • 25-Jun-2009 | ARUN KUMAR

    Jaiprakash Power Ventures to merge with group company

    As a precursor to mobilising around Rs 3,000 crore to Rs 4,000 crore through qualified institutional placement (QIP), Jaiprakash Power Venture Ltd, the wholly owned subsidiary of Jaiprakash Associates Ltd, is set to merge with Jaiprakash Hydro Power ...

  • 23-Jun-2009 | Arun Kumar

    IFCI seeks to rope in strategic investor

    IFCI, the erstwhile development financial institution that has turned into a non-banking finance company, is exploring options to rope in a strategic investor by issuing convertible instruments or by facilitating the acquisition of shares from ...

  • 17-Jun-2009 | Arun Kumar

    Max starts talks to sell 23% to New York Life

    With the Insurance Laws (Amendment) Bill awaiting Parliamentary approval, Max India, Analjit Singh’s flagship company, has started discussions on divesting 23 per cent out of its 74 per cent shareholding in Max New York Life Insurance to its ...

  • 17-Jun-2009 | Surajeet Das Gupta & Arun Kumar

    Now, DEA questions Press Notes 2 & 4

    For the second time since Press Note 2 and 4 were issued in February 2009, the department of economic affairs (DEA) in the finance ministry has raised questions on their implementation, this time over an application before the Foreign Investment ...

  • 15-Jun-2009 | Arun Kumar

    Promoters, bankers seek change in QIP pricing rule

    Calculations upset, Sebi told, as bearish market turns up.

  • 11-Jun-2009 | Arun Kumar

    Sesa Goa buys Dempo Mining for Rs 1,750 cr

    The Rs 5,000-crore iron ore mining major, Sesa Goa, has acquired another Goa-based iron ore mining company – Dempo Mining Corporation for Rs 1,750 crore.

  • 10-Jun-2009 | Arun Kumar & Deepak Korgaonkar

    Problem of plenty for QIPs

    The qualified institutional placement (QIP) party that started in mid-April with Unitech’s highly successful issue is already showing some signs of fatigue.

  • 06-Jun-2009 | Arun Kumar

    R-Life to raise Rs 2,000 cr via IPO

    Reliance Life Insurance, an Anil Dhirubhai Ambani Group (ADAG) company, has decided to enter the capital market to mop up Rs 1,500-2,000 crore through an initial public offer (IPO). This will be the first instance of listing by a life insurance ...

  • 05-Jun-2009 | Arun Kumar

    Govt to put in Rs 16,000 cr in 12 banks

    Move to help India Inc access funds in the absence of foreign funds.

  • 03-Jun-2009 | Arun Kumar

    Nomura to buy 35% in LIC Mutual Fund

    Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation (LIC) approved a proposal to induct the Japanese financial services major as a ...

  • 02-Jun-2009 | Arun Kumar

    Part of Maytas Infra debt went to Raju's till

    Banks mull joint recovery plan, deadline month-end.

  • 28-May-2009 | Arun Kumar

    Axiata mulls open offer to raise stake in Idea

    A battle is brewing between the two major shareholders of Idea Cellular, Axiata Group (formerly Telekom Malaysia) and the Aditya Birla group as a result of the Malaysian company’s unilateral plans to increase its shareholding from 14.99 to 40 ...

  • 27-May-2009 | Arun Kumar

    Bharti Airtel-MTN deal to test new FDI guidelines

    The proposed partnership deal of Bharti Airtel and South African telecom giant MTN will be the first telecom company that will test the new norms for foreign investment announced under Press Notes 2, 3 and 4 in February 2009. Since the effective ...

  • 26-May-2009 | Arun Kumar

    Daiichi may have ousted Malvinder to salvage investment

    The change at the helm of Ranbaxy Laboratories was undertaken to achieve and accelerate hybrid growth and integration with its new owner, Daiichi-Sankyo. This was officially announced by Tsutomu Une, the new chairman of the board. And he said the ...

  • 26-May-2009 | Arun Kumar

    Short of cash, govt plans to revive disinvestment ministry

    The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.

  • 22-May-2009 | Arun Kumar

    Banks give Tata Power a collateral shocker

    Want the company to provide a fixed asset as collateral to hedge a Rs 8,000-crore foreign exchange loan.

  • 20-May-2009 | Arun Kumar

    Power ministry switches on divestment plan

    The prospect of a revival of the disinvestment agenda has prompted bureaucrats in the power ministry to revive plans for utilities to raise money from the markets, so that the government gains the opportunity to sell its shares.

  • 19-May-2009 | Arun Kumar

    DLF: The DLF-DAL conundrum