Search Results for:PR Sanjai

India: United Spirits chairman Vijay Mallya steps down. Diageo to pay him $75m over five years

UK firm has greed to drop all charges of irregularities under Mallya’s watch. Male, who has been declared as declared wilful defaulter by some of India’s leading banks, has also agreed to a global (excluding United Kingdom) five-year non-compete arrangement with Diageo.


India: GVK in talks with JSW Group to offload controlling stakes in airport assets

Debt-burdened GVK Group has been exploring several options to raise money including an initial public offer (IPO) and selling a strategic stake to private equity firms.


Adani Ports actively chasing ‘string of pearls’ port acqusition strategy in India, overseas

The company is looking to expand its presence in Maharashtra and West Bengal in India and is scouting for opportunities in Sri Lanka, Bangladesh, the US, Europe, and Australia.


India: Reliance Jio launch in second half of 2016, says Mukesh Ambani

Mukesh Ambani, owner of the world’s largest crude oil refining complex, on Sunday said global oil prices are likely remain low for at least three-to-five years, benefiting net importers such as India. Ambani, the chairman of Reliance Industries Ltd (RIL), also said the energy-to-telecom conglomerate will launch its fourth-generation (4G)… Read more »


Private sector can pick up to 25% share of defence production, says Indian govt

An official says government has identified 25 projects that it plans to throw open to the industry


India plans startup hub, tech development fund for capital goods sector

The startup centre will provide an array of technical, business and financial resources and services to promising startups in the manufacturing and services space.


India: Vedanta’s Anil Agarwal to invest $10b to build country’s first LCD plant

Twinstar Display Technologies will invest $10 billion over five phases in setting up the plant


Dubai’s container port DP World eyes opportunities in Indian ports, to invest $1b

Dubai based firm identifying opportunities to invest in container terminals, among other projects, across India, say company officials


SBI Cap initiates steps to sell Kingfisher House, the HQ of grounded airline, in Mumbai

SBI Cap on Friday published a public notice for sale of Kingfisher House near Mumbai’s domestic airport through e-auction under the Sarfaesi 2002 to recover dues.


Mercator is selling its Singapore cargo business for $3. You read that right.

The company has entered into an agreement for the sale of all 900 million shares of Mercator Lines Singapore to Singapore’s Bellerophon Holdings Pte Ltd, MIB Investments Pvt. Ltd, and Wroclaw Holdings Ltd for three Singapore dollars.