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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).
Union Road Transport & Highways Minister Oscar Fernandes said his ministry has decided to take up and fast track few expressway projects for the benefit of the industry.
The government had last week decided to set up the 51 airports to enhance air connectivity to small cities in Andhra Pradesh, Jharkhand, Bihar, Punjab, Uttar Pradesh, Assam, Arunachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra.
It will be National Housing Mission which will be launched soon
According to a senior government official, the plan is to do "collective bargaining" for certain medical devices and implants by assuring a bulk requirement to the manufacturers. "The requirement for these devices runs into millions. We assure them that the requirement is going to be in bulk. In return, they should offer us better rates," he said.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
China is battling a property downturn, industrial overcapacity, sluggish demand and struggling exports.
The ordinance has returned near absolute power of discretion in land acquisition, except in tribal areas, into the hands of the bureaucracy yet again
This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
Reliance Industries' (RIL's) retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein's latest report on the conglomerate projects a valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm valued Jio Platforms, the company's telecom arm, at $77 billion and the renewable energy business at $17 billion.
The deadline for the commercial launch of the Navi Mumbai airport is set at 2021-end
The 'National Alliance for mission 2007 - every village a knowledge centre' - would mobilise the power of partnership among public, private, academic and mass media sectors to take the benefits of IT to Indian villages.
Will help in reviving the economy and push investment.
By January-February, it's expected to have at least 100 million doses for the Indian government, reports Sohini Das.
'Every type of deal that US government officials were privately indicating 'hope' to have included a few months back made it in.'
Government on Tuesday indicated its willingness to incorporate more changes into the land bill in order to address the concerns raised by opposition parties even as it has already agreed to make at least six amendments in its proposal.
DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
The Congress-led United Democratic Front on Wednesday suggested further tightening of the measures on liquor policy if it returns to power.
As many as nine crore people would be out from the state of abject poverty in next 5 years if India could stop inequality from rising and levy a nominal tax on the super riches to narrow the rich and poor divide, a report said.
Global investment firm KKR will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd for a 0.25 per cent additional stake of the retailer at a valuation of about Rs 8.36 lakh crore, Reliance Industries Ltd said on Monday. After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per cent. The investment is at "a pre-money equity value of Rs 8.361 lakh crore (around $100.87 billion)", said a joint statement.
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Many of the PPPs have not evinced interest, Prabhu said.
Realty players want single window clearance for all affordable projects, reports Karan Choudhury.
We need to make better efforts to align job training with the skills the market demands of its workers, especially as advancing technology changes the types of jobs available in our economy: Alexander Acosta.
'Although perhaps not with a greater majority, and maybe even a slightly reduced majority in the Lok Sabha.'
'We will see a kind of disaster which the country has not seen in the last 100 years.'
India is only on the starting block.
A dialysis machine contributes only 6 per cent to the overall cost.
"Call it a craze, fever or national interest but HSR is our window to the outside world."
Road projects alone worth $10 billion face delays over land disputes and other clearances.
SAD and Paksha have written to the panel headed by S S Ahluwalia that "not an inch" of land should be acquired without the consent of farmers.
Reminiscent of desi culture, a hotel staff was serving tea in normal glasses while standing next to a bicycle.
Lukewarm response from private investors and turf battles between government agencies have resulted in delaying Modi's ambitions. Sahil Makkar reports.
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
Canada's allegations of India's involvement in the killing of a Sikh separatist in Surrey that sparked a diplomatic row between the two nations are based on both human and signals intelligence and inputs from an ally from Ottawa's Five Eye intelligence network, a media report has said citing the Canadian government sources.
'Will you declare MSP for 100 odd crops that the farmers of India grow?'
A pod-like vehicle, which can touch top speeds of close to 1,200 km an hour, will make this amazing feat possible.
