Meanwhile, the UB Group spokesperson also confirmed the visit of the CBI officials to their offices and stated that they were cooperating with them.
A security instrument with fixed income, perpetual bonds have no maturity date and are not redeemable, so they may be treated as equity, not debt.
With the composite branch licence, Swiss Re will be able to operate in India and offer both non-life and life and health reinsurance solutions directly to clients and brokers in the country, the company said.
Mr Trump reiterated his pledge to impose a hefty border tax on companies that want to import products to the US after moving American manufacturing facilities abroad.
The company is expected to utilise the funds from the financial investor to complete its second pellet project in Odisha, a source said.
The company was responding to the media reports that JSW Steel and Blackstone were in talks to buy Monnet Ispat.
Mr Kaul will head Ola's operations, strengthen market leadership, and widen the base of its customers and driver-partner fraternity, the cab aggregator said.
State-owned GIC and New India Assurance may be the first ones to hit the capital market with the government giving the go-ahead for listing of five general insurance companies.
With this investment, Tata Communications (Netherlands) BV becomes the single largest shareholder of Teleena with 35 per cent stake in the company, it added.
In the lawsuit filed in US District Court for the Southern District of California, Apple accused Qualcomm of overcharging for chips and refusing to pay some $1 billion in promised rebates.
Uber debuted its self-driving car pilot in Pittsburgh, in September. It launched a second fleet in San Francisco last month, but a feud with California regulators over Uber's failure to obtain proper permitting compelled the company to take its autonomous testing cars off the streets.
Mr Neemuchwala said that Wipro has been associated with many schools and US universities through various programmes to boost its local hiring.
The initiative, being spearheaded by the Tata Trusts in partnership with the World Council on City Data, focuses on building high calibre data for cities.
The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
Fairfax has already submitted an initial proposal to India's insurance industry regulator, IRDA, for a new general insurance joint venture and met with the regulator this week,
L&T Hydrocarbon, a wholly-owned subsidiary of Larsen & Toubro, has won orders worth Rs 1,700 crore order in its construction services vertical.
Motherson Sumi will make a voluntary, recommended public tender offer to acquire all the issued and outstanding shares and option rights in PKC.
Shree Cement, UltraTech Cement, Jaiprakash Associates, J K Cement, Ambuja Cements, ACC and J K Lakshmi Cement have been penalised for violating competition norms with regard to a tender floated by a Haryana agency back in 2012.