Rs 5.63 lakh crore, worth of investment commitments to Madhya Pradesh across sectors during the two-day Global Investors' Summit in Bhopal, said Chief Minister Shivraj Singh Chouhan.
Rs 86,000 crore, or $13 billion, of cash, the Essar Group will get from selling 98 per cent stake in its oil unit and other assets. This will not only help it reduce operating company term debt by half, but will also wipe out a substantial part of the holding company's debt, making it the largest debt reduction exercise by an Indian business
The Insider
D.N. Prahlad's appointment as an independent director on Infosys's board has not gone down well with at least one proxy advisory firm. A relative of founder N.R. Narayana Murthy, Prahlad is being seen as a nominee of the founder-promoters, and the one who could influence decisions on their behalf
Sea Plane Service
A sea plane service, connecting the shrine of Sai Baba in Shirdi and Gajanan Maharaj Samadhi Mandir in Shegaon, will soon be launched , said Nitin Gadkari , Union Minister for Road Transport, Highways and Shipping.
Tech Billions
SoftBank Group announced a $100 billion global technology fund with the Saudi Arabian Public Investment Fund. That's a lot of zeros for a tech fund.
Cool Bargain
If you had invested Rs 3,500 in Symphony shares in 2003 instead of buying an air cooler for the same amount, you would have been richer by Rs 2.45 crore, today. The share price of the company grew 6,995 times from 17 paise on November 4, 2003, to Rs 1,189.25 on October 25, 2016
Quote"It will be disastrous and that cannot be GST, it will be fooling the country"
- P. Chidambaram, former finance minister in the UPA government, during an interactive session with IIM-Calcutta students, on the proposed multiple rate GST structure being considered by the CentreeDrive
Maruti Suzuki India has withdrawn from the Indian consortium that was to develop six electric and hybrid vehicles, which was supported by the Centre. The company said its parent company Suzuki Motor has "personal plans" on similar ventures.