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India's economy likely to tank 9 pc due to Covid distress: S&P
Updated : 5 years, 6 months ago IST
Singapore, Sep 14 (ANI): S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.
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Suspension of AstraZeneca COVID-19 vaccine trials showed fallacy of approa
Updated : 5 years, 6 months ago IST
Moscow [Russia], September 13 (ANI): Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev on Saturday said that temporary suspension of AstraZeneca COVID-19 vaccine candidate trials clearly showed the "fallacy of the approach" when countries "exclusively rely on novel and untested platf
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CCI gives nod to Carlyle Group's 20 per cent stake acquisition in Piramal
Updated : 5 years, 6 months ago IST
New Delhi [India], September 12 (ANI): The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of 20 per cent of the issued and paid-up equity share capital of Piramal Pharma Limited (Pharma Co) by CA Clover Intermediate II Investments (Curie
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India's FDI to Nepal stood at Nepali Rs 3.24 billion for 2019-20
Updated : 5 years, 6 months ago IST
Kathmandu [Nepal], September 11 (ANI): India in 2019 has committed foreign direct investment (FDI) of Nepali Rupees 3.24 billion for the year 2019-20, data from the Department of Industry showed.
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Asset management firm True Beacon's flagship fund records 26.6% outperform
Updated : 5 years, 6 months ago IST
Bengaluru (Karnataka) [India], September 10 (ANI/PRNewswire): Nikhil Kamath, Co-Founder and CIO of True Beacon and Zerodha, today announced full-year results for True Beacon's flagship fund.
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States may cut FY21 capex by Rs 3 lakh crore due to GST shortfall: ICRA
Updated : 5 years, 6 months ago IST
New Delhi [India], Sep 10 (ANI): States may have to significantly cut their expenditure by as much as Rs 3.4 lakh crore in the current fiscal if they are not paid full compensation relating to Goods and Services Tax (GST), investment information agency ICRA has said.
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Nomura appoints ex-UBS banker Ravi Raju head of international wealth manag
Updated : 5 years, 6 months ago IST
Singapore, Sep 10 (ANI): Asia's global investment bank Nomura on Thursday appointed Ravi Raju as the head of international wealth management based in Singapore.
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Buoyant agri-economy spurs sharp recovery in domestic tractor market: ICRA
Updated : 5 years, 6 months ago IST
New Delhi [India], September 9 (ANI): The tractor industry is estimated to have recorded 72 per cent growth in wholesale volumes during August and 27 per cent growth in retail volumes on a year-on-year basis, according to the latest research update by investment information agency ICRA.
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Silver Lake to invest Rs 7,500 cr in Reliance Retail Ventures Ltd
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 9 (ANI): Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that American private equity giant Silver Lake will invest Rs 7,500 crore into RRVL, a subsidiary of Reliance Industries.
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Cabinet nod to asset monetization of subsidiaries of Power Grid Corporatio
Updated : 5 years, 6 months ago IST
New Delhi [India], September 8 (ANI): The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Tuesday approved monetisation of assets of POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power, through Infrastructure Investment Trust (InvIT)
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Telangana Government and UK India Business Council renew their MoU to stre
Updated : 5 years, 6 months ago IST
Hyderabad (Telangana) [India], September 8 (ANI/NewsVoir): The UK India Business Council (UKIBC) renewed its' Memorandum of Understanding (MoU) with Industries and Commerce Department, Government of Telangana.
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Airlines profitability to be eroded due to lower revenues, high fixed cost
Updated : 5 years, 6 months ago IST
New Delhi [India], September 8 (ANI): Domestic air passenger traffic is likely to witness a de-growth of 41 to 46 per cent in the current financial year while international traffic may see a fall of 65 to 72 per cent, according to investment information agency ICRA.
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