India is one of the largest military equipment importers in the world, at over $8 billion a year.
'Reports of hitherto 'atmanirbhar' breadwinners having to stand in line for a plastic bag of khichdi or, travelling thousands of kms with nothing but packets of biscuits, have not moved the prime minister,' observes Jyoti Punwani.
If Amit Shah is likely to take to the home ministry like a duck to water, Nirmala Sitharaman's handling of finance will show whether she will justify the confidence which Modi has placed in her.
The funds, some of which have invested in the NSE for almost a decade, want the exchange to list as soon as possible so that they can exit and pay back investors in their funds
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
The surge in deal value is largely due to the $12.9 bn Essar-Rosneft deal
BJP leader Subramanian Swamy on Friday moved the Delhi High Court seeking an order restraining the Centre from granting any approval to AirAsia for its operations in India.
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
The full-fledged residential academy will accommodate the country's top 80 emerging cricketers and be equipped with a health centre, gymnasium and restaurants.
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
The 3-year partnership to set up a pan India initiative to catalyse the country's technology startup ecosystem was signed today by R A Mashelkar, Chairman, GenNext Ventures and Board Member, RIL, and Bhaskar Pramanik, Chairman, Microsoft India.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
An all-party meeting on Monday failed to hammer out a consensus over the controversial Insurance Bill, which was scheduled to be taken up in Rajya Sabha.
BSE proposes two models for making gold trading and investment transparent
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Poor disclosure among India-listed firms is a turnoff for foreign investors.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
Default in payment of royalties to McDonald's India for nearly two years was the key reason behind the fast-food chain's decision to terminate franchise agreement
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
A 1988 batch Indian Administrative Service of Gujarat cadre, Arvind Sharma is set to be Prime Minister-designate Narendra Modi's personal secretary. Sharma was additional principal secretary to the Modi when he was chief minister of Gujarat, and has been with him since 2001.
Investors have another reason to wrinkle their noses at emerging economies - fading labour productivity.
There would be a marginal 3% increase in freight rates.
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The bench of Chief Justice N V Ramana and Justice Pradeep Nandrajog issued notices to the Centre, Foreign Investment Promotion Board and Commerce and Civil Aviation ministries and sought their responses by October 30.
Comptroller and Auditor General has pulled up the finance ministry for flaws in double taxation avoidance agreements
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
There is a large population standing outside the coverage of primary healthcare, says Praveen Gupta of Raheja QBE.
Lower interest rates needed to boost manufacturing, officials say.
On the lines of Shariah-compliant products, intermediaries ask exchanges to consider investment benchmark.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Pranabda hasn't given us any indication of the tough period when he realised Sonia Gandhi had decided to give the presidency not to him, but to then vice-president Hamid Ansari. He wrested the presidency from her, and handed her the biggest defeat of her UPA years, observes Shekhar Gupta.
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Foreign investment cap in insurance sector raised to 49 per cent.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
