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Fix economy with correct diagnosis, don’t just blame UPA: Manmohan Singh’s riposte to FM Sitharaman

Interestingly, Sitharaman’s observation at an event in the US was in response to Rajan’s recent lecture at Brown University in which the former RBI governor had indicated that in its first term, the Modi government had not done better, as the leadersh
Nirmala Sitharaman, Former Prime Minister, Manmohan Singh, Maharashtra assembly elections, PMC bank, PMC bank crisis, Raghuram Rajan, economy news

Deal street: ORIX acquires 51% in seven IL&FS assets

Earlier this year, GAIL had offered to buy the group's entire 51% stake in these assets. ORIX, which already held a 49% stake in these assets, had then exercised it's right-of-first-offer and matched

ORIX, acquire, IL&FS asset, ORIX Corporation, IL&FS Wind Energy, industry news

IAG to sell entire 26% in SBI insurer

Post the stake sale subject to regulatory approvals, State Bank of India (SBI) will continue to hold 70% in the company. While 16.01% will be with Napean Opportunities LLP (an affiliate of Premji Inve

IAG, sell, SBI insurer, industry news, General Insurance, Warburg Pincus Group, ICICI Lombard, New India Assurance News

New set of reforms: Discoms’ roles to be redefined, multiple private franchises in each area to recover full tariffs

The ministry has also laid down the broad contours of the revenue streams and the basic roles and responsibilities of the new franchisees.

public sector power generators india, NTPC, dues on discoms in india, NLC India, THDC India, NHPC, Damodar Valley Corporation, Adani Power, Bajaj Group owned Lalitpur Power Generation Company Ltd, GMR News

Discoms get relief as Andhra HC stays Centre’s order

Effective August 1, it has been mandatory for discoms to open/maintain bank guarantee to buy power from gencos.

public sector power generators india, NTPC, dues on discoms in india, NLC India, THDC India, NHPC, Damodar Valley Corporation, Adani Power, Bajaj Group owned Lalitpur Power Generation Company Ltd, GMR News

More on plate: Flipkart take a bite of food retail market; up against Amazon, BigBasket and Grofers

The fight could be bruising — BigBasket’s losses in 2017-18 were Rs 310 crore while those for Grofer’s were Rs 258.30 crore, but experts said Walmart, which bought a 77% stake in Flipkart in May

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Going downhill: Exports shrink 6.6% in September, imports dip

The plunge in goods trade underlines the strong external headwinds the country faces due to a worsening global trade war.

export, IMPORT, IMPORT  scheme, Finance minister, Nirmala Sitharaman, World Trade Organisation, WTO, Merchandise Exports from India Scheme, indonesia, malaysia, palm oil News

Telecom war: Airtel takes on Jio, says bundling IUC with tariff unjustified

Gopal Vittal, MD and CEO for India and South Asia, took on the recent move of Reliance Jio to charge 6 paise per minute for voice calls made by its users on networks of other operators, saying interco

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Falling prices: Niti Aayog recommends govt to offer 15-20% of MSP as commission to private traders

Under the current provisions of PPSS, the Centre has left it to the states to decide how to dispose of oilseeds procured by any private trader or processor while agreeing to pay 15% of the MSP as serv

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French energy major Total to buy 37.4% stake in Adani Gas

Deal may cost French energy major `6,090 crore; currently, the promoter group holds 74.8% in Adani Gas

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Outreach by banks: Loans of Rs 82,000 cr disbursed in just 9 days, says FM Sitharaman

Sitharaman said demand was visible and the effort through the loan outreach programme was to ensure that consumption should not be hit due to any perceived liquidity constraint.

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Tribunal rap: NCLAT asks ED to release attached assets of BPSL

In September, the National Company Law Tribunal (NCLT) had allowed JSW Steel to acquire BPSL but the firm did not get relief from the scope of ongoing probes against BPSL.

National Company Law Appellate Tribunal, NCLAT, Enforcement Directorate bpsl, ED bpsl, assets of Bhushan Power and Steel, JSW Steel News

Negative outlook: Moody’s downgrades Indiabulls Housing Finance

Even as liquidity conditions eased in May this year, several HFCs and other non-bank lenders have been unable to raise money from banks and mutual funds in an environment of heightened risk aversion.

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On fast track: IRCTC shares make stellar debut with 128% listing gains

According to data from the BSE, the stock closed about 7% away from its upper circuit limit of `772.8. The market capitalisation of the company stood at `11,590.4 crore.

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Jet Airways resolution gets new lifeline: Synergy gets more time to finalise plan

The airline was grounded on April 17 after lenders refused to provide emergency funding to continue operations.

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India’s 5G dream hit by turf war as ISRO cuts telcos’ power supply

Power level of 5G base stations in 26 GHz spectrum band to be just 1/80th of the conventional norm.

5G, 5G SERVICE, 5G service in india, esim, digital technology News

World Bank slashes India’s GDP forecast from 7% to 6% for FY 2019-20

After a broad-based deceleration in the initial quarters of this fiscal, India’s growth rate is projected to fall to 6% in 2019-20, the World Bank said on Sunday, in what was the sharpest downward r

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RCEP trade ministers’ talks end in impasse

No joint statement will be issued, as certain key issues are yet to be resolved, even after two days of intense negotiations on October 11 and 12, according to one of the sources.

RCEP Bangkok Ministerial meeting, investment, e commerce, trade, piyush goyal, rcep india, rcep dairy, rcep members, rcep meeting, rcep trade deal News

Air India privatisation: Govt to make national airline debt-free before sale

As on March 31, 2019, AI’s debt and other liabilities had stood close to `70,000 crore.

air india flight News

Cost-plus cover for NTPC stymies power sector revival

Private players had cried foul and lodged complaints to the Central Electricity Regulatory Commission (CERC) claiming that PPAs were signed "with a clear intention of bypassing the impending competiti

public sector power generators india, NTPC, dues on discoms in india, NLC India, THDC India, NHPC, Damodar Valley Corporation, Adani Power, Bajaj Group owned Lalitpur Power Generation Company Ltd, GMR News

Have under 3,000 followers? Make money as big brands look for ‘nano’ influencers on social media

Casual purchase categories, including beauty, cosmetics, fashion, lifestyle, smartphones and often even other electronics, are among the top categories that make use of the nano-influencers.

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Modi-XI Summit: China to address India’s trade deficit concerns

Both the sides decided to set up a high-level economic and trade dialogue mechanism, which will help boost trade and investments and improve trade balance that is currently heavily tiled in favour of

PM Modi, Xi Jinping, Mamallapuram Summit, News

From bad to worse? Industrial output in August shrinks 1.1 per cent

What compounds the worry is that the slowdown is broad-based (manufacturing and electricity contracted while mining barely grew) even at a time when companies usually stock up to cater for festive dem

Worst contraction in 81 months and first since June 2017. News

Modi-Xi Meet: PM, Chinese president sit down to iron out differences; delegation-level talks today

Modi-Xi informal summit: Delegation-level talks to follow; CBMs, trade likely to be focus.

Prime Minister Narendra Modi and Chinese President Xi Jinping in Mamallapuram on Friday News
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