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 […]
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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 value of Rs 4.91 lakh crore and […]
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 leak […]
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 compared to 2005 […]
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 per cent, Nabard said in […]
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 managed daily cash profits of ₹50-60 crore. Executives said the company will struggle to pay for regular expenditure, half of which goes to pay salaries. […]
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 is set to widen in the aftermath of Covid-19-induced economic disruptions and low tax collections. The finance ministry has begun negotiations with bankers on a […]
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% of GDP. The country has been locked down from March 25 to May 3, by which factories would have been shut for 40 days, to […]
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 inject liquidity into the markets and speed up highway projects in the country. “An amount of Rs 25,000 crore is pending with land acquisition officers […]
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 Rs 144 crore after a fresh FIR was registered against its ex-chairman and senior officers, officials said. In its third FIR, the agency has booked […]