Ban Bailouts
In general, bailouts of commercial enterprises by governments are bad. They are financed by taxpayer funds and divert valuable and scarce resources from education, health, sanitation and other social...
View ArticleIndia Retreats on Retail
India shelved plans to let international supermarkets and department stores enter the country, damaging the government's credibility but ending an impasse with the opposition.
View ArticleVedanta, Cairn Energy Complete Transaction
India-focused Vedanta Resources said it has completed the final purchase of a 30% stake in Indian oil and gas exploration company Cairn India from U.K.-listed Cairn Energy.
View ArticleNTPC Not in Favor of Share Buyback
NTPC isn't in favor of buying back a part of the Indian government's stake in the company, the chairman of the state-run power producer said.
View ArticleSesa Goa Ups Stake in Cairn India to 20%
Sesa Goa said it acquired 28.8 million shares of Cairn India from the Indian explorer's parent at 325 rupees ($6.34) per share through a block deal.
View ArticleBarclays Stops India Retail Lending
Barclays announced its decision to stop giving retail loans in India, a move that a person familiar with the matter said could trigger as many as 200 job cuts in the British bank's local operations.
View ArticleBharti Partners With Samsung in Africa
The African unit of India's Bharti Airtel said it is partnering with South Korea's Samsung Electronics Co. to offer a range of products.
View ArticleSun Pharmaceutical Founder Buys About 3% in Natco Pharma
Dilip Shanghvi, the founder of India's Sun Pharmaceutical Industries has acquired a stake of about 3% in Natco Pharma, Natco's finance chief said.
View ArticleGeojit BNP Paribas to Sell Stake in Unit
Geojit BNP Paribas Financial Services said its board has agreed to sell its entire stake in a joint venture company to BNP Paribas SA for 405 million rupees.
View ArticleDeals India: Morning News Roundup
News roundup from Indian newspapers, news wires and Web sites on Friday, December 09, 2011. Deals India has not verified the stories from other media organizations and does not vouch for their accuracy.
View ArticleReliance Capital in Talks to Sell 26% of General Insurance Unit
India's Reliance Capital is in talks with at least three global companies -- including Travelers and Samsung Fire & Marine Insurance -- to sell a 26% stake in its general insurance unit, the Mint...
View ArticleTax Body: Kingfisher Airlines Failed to Pay Service Tax
A federal Indian tax authority threatened legal action against Kingfisher Airlines for failing to pay service tax collected from passengers to the government.
View ArticleIndia Plans to Step Up Oil, Gas Investment in Africa
India's state-run companies are looking to acquire stakes in oil and gas blocks in Africa, form joint ventures in the continent and source natural gas to meet rising fuel demand at home.
View ArticleRBI Cites Conditions for Full Capital Account Convertibility
India needs to fulfil certain criteria such as steady economic growth and stable inflation before it can move to full convertibility on its capital account, the central bank's chief said.
View ArticleIndian Retailers to Pitch for Non-Food Multi-Brand Retail
Indian retailers plan to make a fresh pitch to the federal government to ease foreign investment rules in the multi-brand retail business by initially opening up only non-food segments such as...
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