New foreign-investment regulations recently unveiled for India’s online shopping industry are set to shake up the sector. India’s government at the end of March announced its official position on foreign investment into the country’s rapidly growing e-commerce industry, stating that overseas investors could take stakes of up to 100 per cent in e-commerce marketplace companies.

“Abhi bhi karna hai (you still want to do it?” Ramprasad and Jacob Mathew, two young investment bankers with DSP-Merrill Lynch (DSPML), were greeted with this question by their boss Hemendra Kothari, when they walked into his office a day after handing in their resignations at the firm. In the 24 hours since they had

The Enforcement Directorate (ED) on Thursday issued summons to the chief financial officer (CFO) of the defunct Kingfisher Airlines Ltd, A. Raghunathan, and a few officials of IDBI Bank Ltd as part of its probe into a money laundering case. The ED had on Monday registered a case under the Prevention of Money Laundering Act

The value of GE Capital’s stake in SBI Card is estimated at about $400 million Mumbai: As many as eight investors, including global private equity funds KKR and Co., Bain Capital and General Atlantic Llc, have been shortlisted for the purchase of GE Capital Corp.’s stake in a credit card joint venture with State Bank

With bank assets continuing to be under stress, several large global special situations funds are looking at opportunities in India with renewed interest. For instance, Oak Tree Capital, one of the largest distressed assets buyers globally, is looking to close its maiden transaction in the country in the next few months. It recently raised a

The civil aviation ministry’s plan to build a second airport in the national capital region (NCR) faces multiple hurdles before it finally takes off.Besides amending a rule that bars construction of a second airport within an aerial distance of 150 km, the government may find it hard to convince banks and private investors to put

Large hospitals are creating senior citizen clubs not just to address the illnesses of older people, but to promote wellness and health among them. The initiative helps large hospital chains clear apprehensions elderly population have about approaching them. Fortis Healthcare has its Seniors First initiative, a card holder of which is entitled to privileged treatment

The approximate $166.73 bn Indian logistics industry is set to witness robust momentum in growth following the implementation of Goods and Services Tax (GST), says Logistics Sector Report 2015 of Singhi Advisors. Highlighting the array of advantages the logistics players billed to reap, the report adds that post-GST there would be reduction in number of warehouses, improved

 Hindustan Unilever Ltd (HUL), India’s largest maker of consumer products, is in advanced discussions with Mosons Extractions Pvt. Ltd to buy the Indulekha brand of hair care products, including an ayurvedic hair grooming oil and shampoo, for around Rs.500 crore, according to two people close to the development. Several companies, including Wipro Consumer Care and Lighting

Companies in India have yet to see optimism about the country’s economy translate into stellar earnings results. Soft commodity prices and weak growth in sectors linked to investment are taking their toll on Indian firms, with disappointing earnings expected to follow, according to a report released yesterday by Crisil Research, in which Standard & Poor’s