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Mitsubishi surprises Biyani, wants stake in flagship Big Bazaar
Japan’s Mitsubishi Corporation has sprung a surprise on Kishore Biyani by asking for a piece of Big Bazaar, Future Group’s flagship retail business. Sources familiar with the development said the Japanese giant had made it a pre-condition to invest in Future Group’s food sourcing and back-end infrastructure. The two sides discussed the issue in the US last week and the Japanese company

India Inc tries to second-guess Rs movement

India Inc is suddenly talking about the falling rupee, given the extent of its slide. The depreciation is negatively affecting importers the most. For example, if an importer booked a product at, say,

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Vintage of next 1-2 years could be attractive for PE investors: Bharat Banka

Bharat Banka, MD & CEO, Aditya Birla Private Equity, has just raised money for a new fund. In an interview with Arijit Barman, he says providing capital to companies

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Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.

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High cement prices in Q4 help firms stay positive on profits

In spite of sluggish demand from real estate and construction sector during January-March period, cement makers have registered growth in profits for the quarter ended March 2012. Courtesy: high

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Convergence Gaining Momentum, Wireless Broadband Growing Significantly, and New Innovative Business Models to Evolve in the Indian ICT Industry, Expects Frost & Sullivan
The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion. The Indian telecom sector is now the fastest-growing and second-largest market in the world, with over 900 million subscribers.

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