Private equity funds invest over a seven to nine year cycle, so investments that were made in 2006 to 2008 will be the ones that will be ready for harvest. Unfortunately, many of those investments were made on business plans that don't look very achievable now. They all assumed a strong economic growth environment. This problem will be more for some sectors such as industrial goods as opposed to, say,...
11:43 AM, Jan 04, 2013
Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, The Economic Times reported on Friday. The report came as Infosys Ltd executive co-chairman S Gopalakrishnan was quoted by other media reports as saying 2013 will be better than 2012 for India's IT industry. ...
10:47 AM, Jan 04, 2013
A businessman has been allegedly kidnapped at gunpoint by suspected militants from Kangla gate in the heart of the city here, official sources said on Thursday. Shankar Lal Sahi, proprietor of Mangalam Plywood factory at Kangpokpi in Senapati district of Manipur, was abducted while he was taking a stroll at Kangla gate area near the biggest Khwairamband market complex here Wednesday morning, they said. ...
11:40 AM, Jan 03, 2013
Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 per cent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators. The IPO, priced near the lower end of an indicative price range, struggled to find interest from retail investors and was supported mostly by foreign institutional investors. But analysts are...
11:27 AM, Dec 28, 2012
Believe it or not but 2012 has sounded the death knell for hero-worshipping scripts. Out of the 423 films released to date in Tamil, Telugu, Kannada and Malayalam, the most successful have been the ones sans any superstar or mega budget. ...
03:50 PM, Dec 25, 2012
Reliance Industries will restart a crude distillation unit in one to two days after a fire at its older, 660,000 barrels-per-day (bpd) refinery in Jamnagar. ...
12:51 PM, Dec 21, 2012
Google is selling Motorola Mobility's TV set-top business for $2.35 billion, lightening the load that the Internet search leader took on earlier this year when it completed the biggest acquisition in its history. ...
10:10 AM, Dec 20, 2012
Mahesh Babu's 'Shivam' is on a talk to be made in Telugu alone or as a bilingual. ...
04:34 PM, Dec 18, 2012
West Bengal Chief Minister Mamata Banerjee on Monday said industrialists are "very happy" with her policies and are ready to invest in the state. "Earlier there was a perception that nothing is there but today we clarified our position and now they are very happy and they have said that they will invest in West Bengal," she said after meeting the captains of industry in the national capital. ...
10:27 PM, Dec 17, 2012
Dr. Yusuf K Hamied of Cipla Limited was awarded the CNN-IBN Indian of The Year 2012 in the business category. ...
12:22 PM, Dec 17, 2012
Yusuf Hamied, chairman of Indian pharmaceutical giant Cipla, has won the Indian of the Year 2012 award in the business category. Hamied, who is a leading Indian scientist, created a stir in pharmaceuticals industry when he slashed the prices of three important cancer drugs by 75 per cent. ...
09:46 PM, Dec 12, 2012
Great Wall Motor Co is in talks to open a plant in India, a move that would make it the first Chinese carmaker to operate in the country without a partner. "They are meeting industry. They are meeting government. They are meeting suppliers," Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers - a lobby group said. ...
06:03 PM, Dec 10, 2012
Once pioneers in civil aviation, the Tata group is unlikely to get into the sector because of "destructive competition", its outgoing Chairman Ratan Tata indicated on Sunday. Recalling the group's proposal for a tie up with Singapore International Airlines (SIA) for a domestic carrier in India in the mid-1990s, the Tata patriarch pointed out, "it is a different sector today than it was at that time." ...
03:39 AM, Dec 10, 2012
Two Zee editors were on Saturday remanded back in two-day police custody by a Delhi court to enable the investigators to confront them with Zee group head Subhash Chandra and his son in a case of alleged extortion bid of Rs 100 crore from Congress MP Naveen Jindal's company. ...
08:42 PM, Dec 08, 2012
'Businessman' the Tamil dubbed version of the Telugu film of the same name and is strictly intended for the masses. ...
06:35 PM, Dec 07, 2012
Ram Charan's 'Teja Nayak' and multi-starrer 'Seetamma Vakitlo Sirimalle Chettu' is set to compete next Sankranti ...
04:39 PM, Dec 05, 2012
Delhi Police on Tuesday told a court here that it would need the custody of two Zee News channel editors to confront them with group Chairman Subhash Chandra and his son in the case of their alleged bid to extort Rs 100 crore from a Congress MP Naveen Jindal's group firm. ...
10:51 PM, Dec 04, 2012
A Delhi court on Monday dismissed the bail plea of two Zee News editors facing charges of extortion bid against Congress MP and industrialist Naveen Jindal's Jindal Steel Power Limited (JSPL). The duo, Sudhir Chaudhary and Samir Ahluwalia, was accused by Jindal of trying to extort Rs 100 crore from the company to not air negative stories over its alleged involvement in the coal blocks allocations controversy. ...
08:21 PM, Dec 03, 2012
A woman has been arrested for posing as a British national and allegedly cheating one Andhra Pradesh-based businessman of Rs 10 lakh, police said on Friday. Theresa Jovita D'Souza alias Rhea Jannet Mallon, 39, a resident of Goa, was arrested by the Economic Offence Wing officials on Wednesday last when she came to collect Rs 1.20 lakh from near a hotel in Paharganj on the complaint of Kurnool-based businessman P...
10:36 PM, Nov 30, 2012
