In layman's terms, financial engineering is an engineering discipline which deals with the creation of new and improved financial products through innovative design or repackaging of existing financial instruments. Financially, engineered products like American Depository Receipt (ADR) and...

In the emerging global world, the operational aspects of business keep evolving to match the industry requirements. Taxation systems are undergoing changes rapidly to match the paradigm shifts. In India, the valuations for tax purposes are based on the relevant Finance Act and the rules of the...

British telecom giant Vodafone acquired a majority stake in Hutch-Essar. The enterprise valuation of Hutch-Essar is $18.8 billion in which the controlling stake of 67% valued at $11.8billion.vodafone paid $10.9 billion as against $11.8 billion announced earlier. This business purchase deal...