Part-sale of stake fetches 26 times returns
The deal will help Tata Motors take on competition, which has gone up with the entry of MAN commercial vehicles
Munjals give green light to new Honda holding co
Munjal family gives NoC to Honda for its proposed new holding company in India - Honda Motor India
Actis sells Glenmark stake for Rs 304cr
Two Actis funds held 4mn shares each. The deal was stuck at Rs 380 per share translating into a deal value of Rs 152 crore each totalling Rs 304 crore
India now valued at 18times FY07 and 14-15 times FY08 earnings
And growth the pillion
To increase to 85% or 2,475 mt by 2031
This a step-and-a-half above the 2.5G prevalent in India
Govt hikes wheat minimum support price to Rs 750/quintal. Also declares bonus of Rs 50 above Rs 650/quintal for last year's crop.
Shut mobile networks to check cheating, rigging
District authorities in Meerut, Karnal and Sahranpur shoot off letters to telecom firms to shut down services for stopping cheating in exams/rigging in elections
Nimesh Kampani, chairman, JM Morgan Stanley, says the index will gain another 1,000pts based on strong corporate earnings, liquidity flows and positive signals from the government
