The government announced several incentives in the five-year Foreign Trade Policy.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
The nation wants an ex-ante body for endorsing "public purpose" during land acquistion process.
Each port will construct one smart city.
At present, there is no direct air connectivity between India and Myanmar.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
Bank shares were the top losers along with index heavyweight RIL
Daily wagers are running out of resources, including ration and cash, and the state governments might not be able to sustain their needs for a longer period of time, given the lockdown has already been extended until May 3.
'China has reclaimed, after two years, its mantle as the world's fastest-growing large economy.' 'This, when its working age population is shrinking, while ours is growing.' 'And talking of jobs, China expects to create 11 million urban jobs this year; for India, don't ask,' says T N Ninan.
The S&P BSE Sensex plunged 128 points to end at 25,102.
The Goa Investment Promotion and Facilitation Board, the BJP's brainchild, has been able to create only 1,500 jobs
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
It was difficult to set up a unified zone on the SEZ land.
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
The S&P BSE Sensex surged 217 points to end at 25,736.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
Prez assent to Gujarat labour law with contentious provisions.
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
The winter session of Parliament will commence on November 26.
Modi will first stop in Rwanda for a two-day visit, then visit Uganda from July 24-25 and finally go to South Africa.
Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore (Rs 211.53 billion) tax dispute case and reviewed the double taxation avoidance agreement.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
Internet, tech, infra, realty in India might gain
This move to sell a part of its land holding in one of its SEZ is part of an overall move by GMR to exit some of its assets as part of its 'asset light -- asset right' strategy.
Describing Bangladesh as an 'exceptional neighbour', India on Friday said Modi's 'historic' visit there from Saturday will help the two countries.
Narendra Modi is no reformist, but here's how he could yet change the path India's economy.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Jaitley is expected to present a common man friendly Budget.
Financials emerged as the top gainers while auto shares rallied on robust September sales
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Aggressive acquisitions & deep pockets fuel real estate competition; experts suggest future partnership
Need for consent of affected families and social-impact assessment could go.
Approaches Morgan Stanley, GIC and Blackstone
