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Business News

Corporates seek Rs. 15 lakh crore stimulus

May 9, 20202 min read Lois C. Ferrara

NEW DELHI: The government must extend an immediate stimulus of around Rs. 15 lakh crore, which accounts to 7.5% of India’s GDP, to help provide

corporates, crore, lakh, seek, stimulus
Business News

Vista Equity Partners to invest Rs 11,367 crore in Jio platforms for 2.32% stake

May 8, 20203 min read Lois C. Ferrara

New Delhi: Private equity firm Vista Equity Partners will invest Rs11,367 crore in Jio Platforms for a 2.32% stake, the third deal after Facebook and

crore, Equity, invest, Jio, partners, platforms, stake, Vista
Business News

Andhra Pradesh Chief Minister announces Rs 1 crore relief to kin of people killed in Vizag gas leak

May 7, 20202 min read Lois C. Ferrara

VISAKHAPATNAM: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Thursday announced an ex- gratia payment of Rs one crore each to the kin

Andhra, announces, chief, crore, gas, killed, kin, leak, minister, people, Pradesh, relief, Vizag
Business News

India saves Rs 89,122 crore in 2018-19 by energy efficiency

May 6, 20203 min read Lois C. Ferrara

NEW DELHI: India saved Rs 89,122 crore through energy efficiency in 2018-19 and reduced energy intensity by 20 per cent in the fiscal compared to

crore, efficiency, energy, India, saves
Business News

Nabard disburses Rs 12,767 crore to state coop banks, RRBs for onlending to farmers

May 5, 20202 min read Lois C. Ferrara

Mumbai: The National Bank for Agriculture and Rural Development (Nabard) on Tuesday said it has disbursed Rs 12,767 crore to state cooperative banks and regional

banks, coop, crore, disburses, farmers, nabard, onlending, RRBs, state
Business News

Coal India incurs Rs 200 crore cash loss daily

May 5, 20202 min read Lois C. Ferrara

Kolkata: Coal India is incurring daily net cash losses of ₹190-200 crore as sales are down and customers are delaying payment. Before the lockdown, it

cash, Coal, crore, daily, incurs, India, loss
Business News

Government may raise up to Rs 10,000 crore via tax-free bonds

May 1, 20203 min read Lois C. Ferrara

Mumbai: The government is seeking to raise up to Rs 10,000 crore in its maiden tax-free bond issue to help bridge the fiscal gap, which

bonds, crore, Government, raise, taxfree
Business News

covid-19: Auto sector may get Rs 1-lakh crore jolt on 45-day shutdown

May 1, 20204 min read Lois C. Ferrara

Mumbai: A 45-day factory shutdown will result in a revenue loss of over ₹1 lakh crore for the Indian automotive industry, which amounts to 0.5%

1lakh, 45day, auto, COVID19, crore, jolt, sector, shutdown
Business News

Nitin Gadkari asks states to release land acquisition dues worth Rs 25,000 crore

April 28, 20202 min read Lois C. Ferrara

NEW DELHI: Union road transport and highways minister Nitin Gadkari on Tuesday asked state governments to release Rs 25,000 crore earmarked for land acquisition to

acquisition, asks, crore, dues, Gadkari, land, Nitin, release, states, worth
Business News

CBI to question former top brass of HPCL in Rs 144 crore bamboo procurement scam

April 26, 20202 min read Lois C. Ferrara

The CBI will soon call former top brass of the Hindustan Paper Corporation Limited (HPCL) for questioning in connection with a bamboo procurement scam of

bamboo, brass, CBI, crore, HPCL, Procurement, question, scam, top

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