Govt to stadiums and Railways’ heritage routes for private sector investment: sources

The government could allow private players to invest in stadiums and Indian Railways’ heritage routes, a report by Business Standard said. The move would thus help the government itch... Read more »

Oil prices smoothen as trade disputes out beat supply concerns

Oil prices dropped on July 9 on taking cues from the latest signs the US-China trade war is dragging on the global economy, although the potential for conflicts in... Read more »

Government aims to raise $2.18 billion by slashing stakes in 18 firms to 75%

The government is looking to raise up to Rs 150 billion ($2.18 billion) by reducing its stake in 18 state firms to 75 percent, a finance ministry official involved... Read more »

FM Nirmala Sitharaman pumps Rs 70,000 crore as additional capital for public sector banks

Finance Minister Nirmala Sitharaman in her Budget speech on July 5 rang it good news for India’s beleaguered state-owned banks, setting aside Rs 70,000 crore that the government will... Read more »

FM proposes 100% FDI for insurance intermediaries; opposition expresses concerns

Finance Minister Nirmala Sitharaman has suggested a 100 percent foreign direct investment (FDI) in the insurance intermediaries in the Union Budget 2019. The FDI limit is kept at 49 percent currently.... Read more »

Key takeaways from the Union Budget of 2019

Finance Minister Nirmala Sitharaman presents her maiden Budget in Parliament today. Here are the key takeaways from the Budget speech. For economy – Targets to become a $3 trillion... Read more »

Nirmala Sitharaman to try balance fiscal needs of the economy

A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to thousands of Indians. The Finance Minister Nirmala Sitharaman performs a tightrope walk balancing... Read more »

Govt to create portal for marketing goods made by MSMEs and khadi industry

The government is working on launching a portal for marketing of goods made by MSMEs and khadi industry similar to the likes of Chinese e-commerce portal Alibaba and USA’s... Read more »

India’s trade deficit widened in 3 years with 25 countries

India’s trade deficit, difference between imports and exports, has broadened during the past three years with as many as 25 major countries including South Korea, Japan, Germany, Iraq and... Read more »

Blackstone buys stake in L&T Business Park for around Rs 700 crore

Blackstone Group LP has purchased an office building at Larsen and Toubro Ltd’s (L&T) Business Park in Mumbai for Rs 650-700 crore, said three people familiar with the transaction,... Read more »