ICICI Bank on its part denied any conflict, saying it had not hired Avista Advisory Group run by Rajiv Kochhar, brother of Chanda Kochhar's husband Deepak, and did not pay any fee.
The prime minister asserted that India's stress on renewable energy is not aimed at "impressing the world, but to meet our own people's energy requirements".
Shanghvi, India's second-richest man, will pay Rs 1,800 crore through Dilip Shanghvi Family and Associates (DSA) for 100 crore new shares in Suzlon, issued by way of a preferential allotment.
Dilip Shanghvi, promoter and managing director of Sun Pharmaceutical Industries and is ranked as the second richest Indian, with a net worth of about $18 billion, is reportedly in talks with Tulsi Tantia's Suzlon Energy to acquire a stake in the debt-laden wind turbine maker.
Selling non-core assets to clean-up the balance sheets, will be a win-win situation for both banks and the companies
Wind turbine manufacturer Suzlon has agreed to sell its German unit Senvion SE to Centerbridge Partners LP for 1 billion euros (72 billion rupees) in an all-cash dea
Setting aside Sebi order against an individual in the case related to infamous IPO scam of 2003-05, the SAT today asked the market regulator to look afresh at the matter, maintaining that the accused can't be allowed to go scot-free.
Corporates from India and abroad pledged to invest an astonishing Rs 25 lakh crore and signed 21,000 MoUs at the Vibrant Gujarat Summit
Sebi's problem so far has not been in proving that the accused was an insider but in proving that the accused knowingly used the unpublished price sensitive information to his or her advantage advantage.
Suzlon Group has bagged contracts for wind power projects having total capacity of 150 MW, estimated to be worth about Rs 1,200 crore.
Suzlon posted a net loss of Rs 1,910 crore in the March quarter, compared to a loss of Rs 300 crore a year ago, in results out late on Thursday.
The Indian equity markets took a plunge and opened in the red on global cues and ahead of March inflation data due to be released later today.
Indian markets opened negative this morning despite January inflation cooling to a three-year low as sentiment among investors seems to have dipped
The Sensex closed at 19898.94, down 0.53 percent and the Nifty closed at 6034.75 , down 0.35 percent.
Equity markets closed with gains for the week amid general bullishness hoping for positive start to the new year.
The Indian equity markets held ground on general bullish sentiment even as global equities were downbeat on US fiscal cliff concerns.
The deal gives it breathing room to fund its operations.But it does not ease its net debt, which stood at about Rs 13000 cr at the group level at the end of June, and does not apply to its overseas bonds.
Shares of Wind turbine maker Suzlon Energy surged 9 percent after the company has admitted to debt restructuring process.