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The Andhra Pradesh high court today gave its nod for the merger of Mahindra Satyam and Tech Mahindra. The court's decision paves the way for the creation of the fifth largest IT company in India, following TCS, Infosys, Wipro and HCL Tech.
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A recent proposal to hike power tariffs by 35% has left industry shocked in Andhra Pradesh. Industry representatives say Andhra Pradesh may end up losing investments to other states like Gujarat and Chattisghar, Reports CNBC-TV18‘s Appaji Reddem and Animesh Das.
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There could be more troubles for the Hyderabad-based Deccan Chronicle Holdings, which has 5 winding petitions against it in Andhra Pradesh High Court. Now, there are two more entities, which are likely to file petitions for receivables to the tune of Rs 200 crore.
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The crisis at Deccan Chronicle Holdings has investors worried. It has defaulted on non-convertible debentures, and reportedly piled up liabilities worth thousands of crores. A muted response by the management to this crisis is not helping, reports CNBC-TV18's Appaji Reddem and Ashmit Kumar.
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With the output halving at RIL's KG-D6 fields, gas-based power plants in Andhra Pradesh are bearing the brunt with most of them struggling to achieve even a 35-40% plant load factor due to falling gas supply. The state government has now sought the central government's intervention, reports CNBC-TV18's Appaji Reddem and Sandeep Srikanth.
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Concerned with sluggish economic growth, the Confederation of Indian Industry (CII) today said that it is time the Reserve Bank of India provide monetary stimulus by cutting CRR and Repo rate by 100 basis points.
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The noose is tightening around Jagan Reddy. With the CBI arresting a noted Andhra industrialist as well as a former government secretary in the alleged disproportionate-assets case involving the Kadapa MP, Jagan's arrest too now looks imminent, reports CNBC-TV18's Appaji Reddem.
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The court hearing the Satyam scam case is likely to complete examination of CBI officials in a week's time. CNBC-TV18's Appaji Reddem reports that a judgment can be expected anytime within the next three months.
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The AP government is in damage control mode after the High Court's ruling on Wakf land allotted to firms and developers, reports CNBC-TV18's Appaji Reddem and Sandeep Srikanth.
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The volatile political environment in Andhra Pradesh seems to be pushing investors towards its neighbour Karnataka, reports CNBC-TV18's Appaji Reddem.
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CNBC-TV18's Appaji Reddem reports that India's biggest engineering company L&T wants tax incentives to shield it from the currency's bite.
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More trouble ahead for G Janardhana Reddy with the CBI set to file its first charge-sheet against the former Karnataka minister in the illegal mining case. CNBC-TV18's Appaji Reddem and Supraja Srinivasan report.
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The Andhra Pradesh government has toughened its stand on the protesters seeking a quick decision on Telangana. While appealing the employees to join duties, Chief Minister Kiran Kumar Reddy has warned of zero tolerance towards any disruption, reports CNBC-TV18’s Appaji Reddem.
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GVK Power and Infrastructure's dream to acquire Hancock Coal Mines in Australia has hit rough weather, thanks to high working capital requirement and a rising interest burden.
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Corporate India's biggest scam artist to date is also a closet poet. The former Satyam chairman has put together a book of 56 poems, written over the years but none from the time he has been behind bars.
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Banks are gearing up to dive into the vacuum created by the weakening of microfinance companies in Andhra Pradesh.
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The Indian School of Business (ISB) in Hyderabad is being battered by scandals. CNBC-TV18's Appaji Reddem and Suresh Venkat share how the school's image is faring in the back of the events.
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ITC may be celebrating its 100th birthday, but it's not slowing down on expansion. Its latest step is to increase its paper-making division's footprint in Andhra Pradesh, report CNBC-TV18’s Arvind Sukumar and Appaji Reddem.
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The Andhra Pradesh government is in no mood to cede its control over microfinance institutions in the state. It has called the Malegam panel report, which recommends that the sector not be regulated by state governments, lopsided, unclear and biased, reports Appaji Reddem.
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The trial process in the Satyam fraud case will be complete in four months—that's the gift the Central Bureau of Investigation (CBI) has given on the second anniversary of the scam.
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The Srikrishna committee has made a case for a unified Andhra and said that separation of Telangana should occur only if it's unavoidable.
