At the Growth Net 5th Annual India Summit, Shereen Bhan got together with Prakash Javdekar, HRD Minister, Kiran Mazumdar Shaw of Biocon, Uday Kotak of Kotak Mahindra Bank, Henny Sender of The Financial Times and Nicholas Stern, professor at LSE to discuss the reform agenda in India.
Indian steel giant Tata Steel has reportedly offered to pay "hundreds of millions" of pounds to its 130,000 member-strong pension scheme in the UK to facilitate a merger of its European steel business with German steel giant ThyssenKrupp.
The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000.
The company, which was recently valued at $50 billion, would hire around 25 additional employees.
Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert his control over rebel lawmakers balking at new bailout talks.
The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business.
It is not clear how seriously the plans, attributed to former Energy Minister Panagiotis Lafazanis and former Finance Minister Yanis Varoufakis, were considered by the government and both ministers were sacked earlier this month.
Nikkei's USD 1.3 billion purchase of the Financial Times from Britain's Pearson PLC marks the culmination of decades of attempts by the Japanese household name to break into mainstream English-language media.
The deal did not include the FT Group's 50 percent stake in The Economist magazine. Pearson said the FT Group contributed 334 million pounds of sales and 24 million pounds of adjusted operating income in 2014.
Cairn Energy's objections were over "fundamental disagreements over valuations", and its preference for "holding an investment in an energy company rather than a distributed resources group," the newspaper said, citing one person with direct knowledge of the matter.
The German regulator has been investigating Deutsche Bank and the role it played during the financial crisis when a global inter-bank lending rate mechanism was being manipulated.
Morgan Stanley Chairman and CEO James Gorman defended the 25 percent pay hike he was awarded last year – reportedly the highest among Wall Street chief executives – saying it was justified by the bank's performance.
Five foreign portfolio investors (FPIs) from the US and the UK today moved the Bombay High Court challenging the Income Tax department's demand for Minimum Alternate Tax (MAT) on the profit earned from trading in stocks and bonds.
Martin Wolf, Chief Economics Commentator for The Financial Times believes that given the economic slowdown & other challenges all over the world including US, Europe and China, India should lean to be a self reliant market.
As the world struggles to get a grip on the situation, a panel including James Lamont, the South Asia bureau chief of The Financial Times; Paul Beckett, the South Asia bureau chief of The Wall Street Journal and Meghnad Desai, the emeritus professor of Economics Lord discuss the implications of all these issues.
What does the recent spate of Wikileaks amount to? Has it embarrassed the politicians and bureaucrats involved, or is the press exaggerating their importance? Join Karan Thapar and guests to find answers on the latest episode of India Tonight