RBI warns firms on routing overseas funds to India operations

RBI warns firms on routing overseas funds to India operations

Funds raised by units abroad can’t be used in India unless they abide by FEMA rules, central bank says
FTIL exits MCX-SX via share, warrant sale deal

FTIL exits MCX-SX via share, warrant sale deal

A total of 27 million equity shares and 562.4 million warrants were sold in the two deals for an aggregate consideration of Rs.88.419 crore
Justdial: the Internet wannabe

Justdial: the Internet wannabe

Justdial is one of the rare listed companies in India that hopes to benefit from the growth in the use of Internet
Bata India: it’s a long walk

Bata India: it’s a long walk

Bata India’s double-digit revenue growth in the September quarter after three quarters of single-digit growth has done precious little to boost investor sentiment
Bayer said to mull diabetes unit sale for up to $2.5 billion

Bayer said to mull diabetes unit sale for up to $2.5 billion

The firm is working with Credit Suisse Group on the potential sale, according to people familiar with the matter

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