Apax sells stake in Apollo Hospitals for Rs 1,034 crore
Mumbai: Global private equity firm Apax Partners has sold its holding in the hospitals and pharmacy chain operator Apollo Hospitals Enterprise with the sale of its entire 12.67 per cent stake for Rs 1,034 crore. Apax sold the stake,held through two of its funds Apax Mauritius FII Ltd and Apax Mauritius FDI One Ltd through bulk deals at the stock exchanges.
RBI attributes slowdown mainly to external factors
Mumbai: The RBI,in its monthly bulletin,has attributed decline in the economic growth rate to three-year low of 6.9 per cent in 2011-12 largely to deterioration in the external environment.
Reliance Telecom seeks discharge in 2G case
New Delhi: Seeking exoneration from corruption charges in the 2G spectrum allocation case,the Reliance Telecom Ltd told the Delhi High Court on Monday that it has wrongly been roped by the CBI and that it was neither a beneficiary of grant of licences nor conspired with others to cause alleged loss to the state.
PepsiCo rejigs top deck; lines up possible Nooyi heirs
New York: In a move seen as creating a pool of potential successors to its long serving Indian-origin chief Indra Nooyi,global food and beverage giant PepsiCo on Monday announced a major top management restructuring exercise.
Indian economy shows positive momentum
London: Indian economy is seeing strong signs of positive momentum,while China is heading towards slower growth,Organisation for Economic Cooperation and Development (OECD) said.