MUMBAI: Piramal Enterprises on Thursday said it will buy a 20% stake in Shriram Capital, a Chennai-headquartered unlisted financial services company, for Rs 2,014 crore. Of the total, Piramal will buy 10% of Shriram Cap’s equity through the preferential allotment route while the balance will be sold by the Shriram’s holding trust, company officials said. Shriram Capital is the holding company for the financial services and insurance business within the Shriram group.
MNS chief Raj Thackeray has asserted that his support was for BJP prime ministerial candidate Narendra Modi and not the saffron party, while dismissing any possibility of merger with it. “MNS is not a party like the ones in UP and Bihar which the BJP chief should remember,” Raj said while taking a dig
Mumbai: Sanjay Dutt has courted trouble once again. The actor, who was out on a parole for three months recently, had reportedly hosted a party for his friends from the film industry and that was when a video of his in a drunken state was recorded and eventually leaked. In the video that has now reportedly been leaked shows Dutt playing an imaginary guitar and talking about his colleagues from the industry. Controversy’s favourite child, Dutt, has often made headlines
Bangalore: India’s third-largest software services exporter Wipro Ltd on Thursday forecast weak revenue growth in the June quarter, a period in which clients in the US and Europe typically spend more on information technology (IT), raising concerns that its return to double-digit growth will take longer than foreseen. Wipro forecast revenue of between $1.715 billion and $1.755 billion in April-June—a range between marginally negative and 2% sequential growth. IT industry
NEW DELHI: As part of its probe in the coal scam, the Central Bureau of Investigation has questioned former Jharkhand chief minister Madhu Koda in connection with the allocation of a coal block in the state to Naveen Jindal’s company JSPL, said sources in the agency. CBI had questioned Jindal and former coal secretary H C Gupta regarding the allocation last year. Sources said during the questioning recently, Koda was