by Lois C. Ferrara | May 9, 2020 | Business News
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 relief to the industry, especially small businesses, the Confederation of Indian Industry (CII) has said. By the time the third phase of the lockdown ends on May 17, the Indian […]
by Lois C. Ferrara | May 8, 2020 | Business News
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 Silver Lake’s share acquisition plans over the last two weeks. “This investment values Jio Platforms at an equity...
by Lois C. Ferrara | May 7, 2020 | Business News
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 of those killed in the styrene gas leak incident at LG Polymers Limited near here. The NDRF had put the death toll from the...
by Lois C. Ferrara | May 6, 2020 | Business News
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 2005 level, according to a report. India has set a target to reduce the energy intensity by 33-35 per cent by 2030...
by Lois C. Ferrara | May 5, 2020 | Business News
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 rural banks for onlending to famers. The loans are being offered for one year at an interest rate of 4.8...
