Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
Power generation to be termed manufacturing, pay 15 per cent corp tax
As part of efforts to incentivise the power sector and make its operati...
India's GDP to grow at 5.5% in FY21, says India Ratings
In recent months, the government has announced a number of steps to shore up the econ...
India joins WEF reskilling initiative as founding member
The scheme aims to future-proof workers from technological change and help economies by providing new skills for the Fourth Industrial Revolution, the WEF said. Founding governments include Brazil, France, India, Pakistan, the Russian Federation, UAE and the US. Business partners include PwC, Salesforce, ManpowerGroup, Infosys, LinkedIn, Coursera Inc. and The Adecco Group.
Softbank India appoints Manoj Kohli as country head
The move comes after a nearly five-year stint as the chairman of the Japanese telecom and investment giant’s renewable energy business SB Energy.
India Inc seeks liquidity boost for NBFCs, HFCs
The CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through External Commercial Borrowings (ECBs) and access to temporary funding from the RBI similar to the repo facility used by banks.
India falls to 51st position in EIU's Democracy Index
India's overall score fell from 7.23 in 2018 to 6.90 in the Index that provides a snapshot of the current state of democracy worldwide for 165 independent states and two territories. On India, the report said, the country dropped ten places in the Democracy Index's global ranking to 51st. The primary cause of the democratic regression was an erosion of civil liberties in the country.
Delhi-NCR, Mumbai, Pune biggest markets for student housing in India: Report
"Delhi-NCR with 7.45 lakh students enrolled in HEIs as of 2018-19 has 50 per cent outstation students. There is demand for additional 2.5 lakh beds from PMSA operators," the Cushman & Wakefield report said.
$1.4 billion of Palm Oil is in the crossfire as Mahathir angers India
Tensions between the two countries began when Mahathir told the UN that India “invaded” Kashmir.
India initiates probe into alleged dumping of newsprint from 5 countries
India has started a probe into alleged dumping of newsprint, used in printing of newspapers, from five countries, including Australia and Canada, following a complaint by an industry association.
Havells India expanding or maintaining margins in each biz segment: CMD
We are seeing a little bit of improvement in the last few weeks. In many categories, we may have gained market share. However, it is too early to say how Q4 pans out. Let us see how it works out. We are putting all our investments in brand and distribution. Hopefully things should turn out better in the coming quarters.
Investors in India hope to see tax on equity gains scrapped
Here are the key areas where market participants are looking for action.
India’s painful double whammy spreads to other emerging markets
An analysis of 30 major emerging economies shows half of them slowing or stagnating in 2020.
Pakistan, 'even America' are theocratic states, India is secular: Rajnath Singh
Speaking at the NCC Republic Day Camp in Delhi, Singh said: "We (India) said we would not discriminate among religions. Why did we do that? Our neighbouring country has declared that their state has a religion. They have declared themselves a theocratic state. We didn't declare so."
Share market update: PSU shares decline; Oil India falls 5%
The Nifty PSE index was trading 2.23 per cent down at 3102.25.
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