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    1. Business News
    2. Authors
    3. fe bureau

    FE Bureau

    MEIL, Zojila Pass tunnel, Jammu Kashmir Ladakh tunnel, NHIDCL, Zojila tunnel, latest news on Zojila Pass tunnel
    MEIL is lowest bidder for Zojila Pass tunnel

    “National Highways and Industrial Development Corporation (NHIDCL) opened the bids on Friday and MEIL topped the list by quoting less…

    By FE Bureau
    August 22, 2020 23:22 IST
    The plan is to commission the proposed corridors by 2030.
    Railways plans four more DFCs by 2030 with total investment of Rs 1.8 lakh crore

    A detailed feasibility study is being undertaken and the report is expected to be prepared by December 2021.

    By FE Bureau
    August 22, 2020 23:22 IST
    OLX launches franchisee model for cars: Aims to organise pre-owned car ecosystem

    Under the new model, the customers will have access to a larger inventory of verified cars, avail extended warranty services,…

    By FE Bureau
    August 22, 2020 10:58 IST
    New e-scooter launched by IIT Hyderabad start-up: Pure EV ETrance+ priced at Rs 56,999

    Pure EV is also in the process of launching the high-speed variant of this model certified by December, which will…

    By FE Bureau
    August 22, 2020 10:52 IST
    A bench led by Justice Arun Mishra is currently hearing the AGR matter relating to insolvent telecom operators like Reliance Communications and Aircel.
    AGR dues: Reliance Jio may have to pay for RCom and Airtel for Aircel

    On Friday, Bharti Airtel’s counsel Kapil Sibal told the bench that the company has not received any notice from the…

    By FE Bureau
    August 22, 2020 08:00 IST
    Despite the forbearance measures, under scenario 1, Moody’s expects newly formed NPLs to nearly double to about 3.7% of gross loans annually in the next two years from 1.7% in fiscal 2020, driven by the retail, SME and agriculture segments.
    PSBs may need up to Rs 3.4 lakh crore in two years: Moody’s

    In the base case scenario of only retail and micro, small and medium enterprises (MSME) loans turning bad — which…

    By FE Bureau
    August 22, 2020 07:45 IST
    According to an industry estimate late last year, as many as 4.58 lakh housing units were facing delayed delivery across 1,509 stalled projects.
    Last-mile funding: Govt gives Rs 10,284 crore for completion of 101 stalled housing projects

    The projects are spread across a broad mix of markets, including metros and also Tier- 2 locations like Karnal, Panipat,…

    By FE Bureau
    August 22, 2020 06:00 IST
    faceless assessment, income tax, new law, new law for I-T
    I-T dept to use video conference sparingly in faceless assessment scheme

    Further, the officials explained that the extant standard operating procedure (SOPs) on video conferencing was liberal and could be granted…

    By FE Bureau
    August 22, 2020 04:45 IST
    In August itself, foreign portfolio investors (FPIs) have bought Indian equities worth $5.5 billion.
    BofA expects markets to consolidate; could lead to FII inflows slowing down

    The report stated that FPI flows had continued to remain robust to date despite domestic institutional flows turning negative.

    By FE Bureau
    August 22, 2020 02:30 IST
    With rising environmental concerns and falling tariffs of renewable energy, the largest thermal power producer in the country has decided to diversify its generation portfolio.
    NTPC receives govt approval to set up renewable energy unit

    Currently, the total installed capacity of the power behemoth stands at 62,910 MW, comprising 1,070 MW of renewable energy-based plants.

    By FE Bureau
    August 22, 2020 01:15 IST
    However, the operating profit of the bank increased 2.9% Y-o-Y to Rs 4,034 crore, compared with Rs 3,918 crore in the same quarter last year.
    Union Bank Q1 net profit down 12.6% on higher provisions

    Loans under moratorium witnessed a little spike in the second phase. Total 28% of the term loan book was under…

    By FE Bureau
    August 22, 2020 00:45 IST
    Sensex rises 214 points, markets log weekly gain

    Foreign portfolio investors (FPIs) have remained buyers of Indian equities with their inflow standing at $5.5 billion in total so…

    By FE Bureau
    August 22, 2020 00:15 IST
    spice products, spices export, Indian spices, global markets, Spices Board
    ‘India exported Rs 21,515 crore of spices, spice products in FY20’

    The spices export during 2019-20 exceeded the fixed targets in terms of volume, rupee value and dollar value.

    By FE Bureau
    August 21, 2020 08:31 IST
    Dream11 founder Harsh Jain
    After bagging sponsorship rights for IPL 2020, Dream11 off to a dream jump in valuation

    Founded by Bhavit Sheth and Harsh Jain, son of Anand Jain, chairman of Jai Corp, Dream 11 reported revenues of…

    By FE Bureau
    August 21, 2020 07:00 IST
    The bench said that it will examine whether in the cases of natural resources the government should be considered as an operational creditor or financial.
    AGR dues: Supreme Court to examine if IBC applies to natural resources

    The apex court will redefine powers of IRP, NCLT and NCLAT in such matters

    By FE Bureau
    August 21, 2020 06:15 IST
    The chairman said he would like the company’s debt to be brought down to Rs 75,000 crore , adding the target ratio for the net debt to Ebida was three times or lower.
    Tata Steel: Discussions with UK govt to revive operations on, says N Chandrasekaran

    Speaking at the company’s 113th annual general meeting, Chandrasekaran said, “Tata Steel UK is not profitable and continues to be…

    By FE Bureau
    August 21, 2020 05:30 IST
    The Centre has also allowed states to nominate their own implementing agency in consultation with agriculture ministry.
    Eye on agri growth: Govt to create 30,000 farmer producer bodies in a decade

    Under a new central law on inter-state trade, farmers now have freedom to sell their produce in any market within…

    By FE Bureau
    August 21, 2020 04:45 IST
    There is also an ongoing debate on whether inflation-targeting should be the sole function of the next MPC amid the extraordinary growth shock induced by the Covid pandemic.
    Technical considerations have shackled monetary policy: RBI Deputy Governor

    Patra wrote in the minutes, “…monetary policy is forced into a standstill even when there is space available to persevere…

    By FE Bureau
    August 21, 2020 04:40 IST
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    Russia’s Sberbank charts major India expansion plan

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    Russia is a key defence partner for India

    India-Russia defence deals in focus as Putin visits India: 3 key partnerships between the two countries

    Cayman Islands is looking to sign regulatory MOUs with SEBI and IFSCA for information exchange

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