Davos WEF 2018: Why Anil Agarwal Wants Debt-Ridden Electrosteel Steels
Uploading Date : 24-01-2018Indian mining tycoon Anil Agarwal’s Vedanta Ltd. has bid for insolvency-hit Electrosteel Steels Ltd. because of the proximity of its assets in Jharkhand to one of the group’s iron ore mines, as the billionaire looks to add steel into his sprawling empire.
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Modi’s ambitious India infrastructure fund gets another boost; to jointly invest $3 billion with Dubai’s DP World
Uploading Date : 22-01-2018In a major boost to Prime Minister Narendra Modi’s ambitious National Investment & Infrastructure Fund, DP World Ltd., a Dubai-based port operator, has entered into a joint investment plan of up to $3 billion with the former.
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India's latest missile test puts it closer to joining an exclusive club and will 'make China think twice'
Uploading Date : 20-01-2018India successful tested the Agni 5 missile on Thursday, moving it closer to joining the small group of countries with access to nuclear-capable intercontinental missiles.
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Rupee becomes stronger, gains 23 paise against US dollar today
Uploading Date : 19-01-2018The Indian rupee became stronger on Friday gaining as much as 23 paise against the US dollar in the early trades. The rupee moved up by 23 paise at 63.63 apiece US dollar at the interbank foreign exchange market.
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Here's what GST Council may announce today after the crucial meet
Uploading Date : 18-01-2018A fortnight ahead of the Union Budget, the Goods and Services Tax (GST) Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. A fitment committee of officers has made these recommendations to the Council, which will meet on Thursday.
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India sets up $350 million fund for International Solar Alliance
Uploading Date : 18-01-2018In order to kick-start fund mobilisation under the International Solar Alliance (ISA), the Indian government will set up a $350 million development fund for financing solar projects. It was announced by R K Singh, minister of power and new & renewable energy at the first ever outreach program of ISA in Abu Dhabi's World Future Energy Summit (WFES) 2018.
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HDFC raises Rs 111 billion from marquee investors
Uploading Date : 13-01-2018HDFC Ltd on Saturday said in a filing that it would issue 64.3 million shares to a set of marquee investors to raise at least Rs 111.04 billion. The plan is to raise an amount not exceeding Rs 130 billion, including a QIP offering of Rs 18.9 billion, the largest mortgage finance company said. The per share price works out to be Rs 1726.05, based on SEBI pricing formula.
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UBS, Deutsche Bank cheer for TCS shares after Q3 earnings beat street estimates
Uploading Date : 12-01-2018Global brokerages UBS and Deutsche Bank reiterated their bullishness on the shares of Tata Consultancy Services, after India’s largest IT firm Tata Consultancy Services third quarter earnings ending December-17 beat street estimates.
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