The Economic Times

MV Ramsurya

  • PwC reels under Satyam crisis, faces mass exit

    PwC reels under Satyam crisis, faces mass exit

    It could be one of the largest exoduses of people from a professional services firm within a relatively short period of time. Promotion at Infosys strictly for performers

    Suzlon looks to sell its 26% stake in Hansen

    Suzlon looks to sell its 26% stake in Hansen

    Suzlon Energy plans to sell its entire 26% stake in its Belgium-based gearbox technology unit, Hansen Transmissions International, as India’s largest wind turbine maker doesn’t see major benefits arising from retaining the shareholding in Hansen.

    Foreign business families keep the faith in India’s growth story

    Foreign business families keep the faith in India’s growth story

    Large business families in the US, Europe and West Asia are increasing their allocations to private equity funds focused on India, reposing their faith on the India story at a time when traditional investors in such funds are refraining from committing additional money.

    Stemcor to up stake in Sathavahana

    Stemcor to up stake in Sathavahana

    The UK-based steel trading major Stemcor, which owns minority stakes in various Indian steel companies, is planning to increase its stake in one of them, Sathavahana Ispat.

    Cos may have to alter biz models post GST rollout

    Cos may have to alter biz models post GST rollout

    Companies that have distribution units spread across the country or have a multi-location manufacturing presence may have to close down some of their subsidiaries and alter business models to minimise initial impact on profitability under the proposed Goods and Services Act.

    PE entry to help Himadri fund expansion

    PE entry to help Himadri fund expansion

    Private equity Bain Capital has bought a 15.4% stake in Kolkata-based Himadri Chemicals in a move which will support the chemical company’s plan to triple capacity.

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