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Rendezvous Sports World, part of the consortium that owns Kochi franchise of the Indian Premier League (IPL), may not be technically having the "sweat equity" that they claim to have.
Two of the country's largest financial institutions, ICICI Bank and HDFC, are hoping that the government will clarify on Monday whether they will be reckoned as Indian entities for FDI purpose.
The National Highways Builders Federation, a body representing infrastructure companies, has filed a case in the high court against the ministries of finance and surface transport, and National Highways Authority of India (NHAI), stating the recently-announced selection process for infrastructure project bidders is promoting cartelisation within the industry.
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