The clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi's US trip. The sector awaits investments worth about $1 billion from US companies.
The Delhi high court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of $717 million against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies. The high court also said that the moratorium on recoveries from sale of Ambani's assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now. This direction came on the application moved by the State Bank of India (SBI) seeking a declaration that the moratorium shall continue to be in effect.
As the euphoria around US President Barack Obama's visit ebbs, the fine print of the investment announcements reveal a financial boost for American solar energy companies to increase their exports to India.
Indian companies had raised $2.39 billion from foreign markets in May 2015.
Work on a dozen decisions to start by next week.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
The unholy nexus between business and politics has taken a whole new form, says Bhupesh Bhandari.
Finance Minister Arun Jaitley said the magnitude of the alleged black money transfer through state-owned BoB will only be known after completion of the multi-disciplinary probe.
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
The Central Bureau of Investigation is likely to question Congress Member of Parliament Naveen Jindal this week in connection with its First Information Report against him and his company for alleged cheating while applying for coal block.
Barack Obama is the worst US president as far as outsourcing is concerned, says Jagdish Bhagwati.
The government on Tuesday said it is considering forming a venture capital fund of Rs 2,000 crore (Rs 20 billion) to promote research and development (R&D) in the pharmaceutical sector.
The court said accused cannot leave India without getting its permission.
Accounted for 18.8 per cent of total imports in the region in 2010 vs Singapore, which contributed 17.8 per cent.
The protocol is being maintained with all help in case of fever or sickness to those on board.
The Central Bureau of Investigation is likely to question Congress MP and industrialist Naveen Jindal on Friday in connection with a case of alleged cheating and criminal conspiracy in bagging Amarkonda Murgadangal coal block in Birbhum in 2008.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The Enforcement Directorate is probing foreign funding and transaction records of all the firms raided by the CBI in connection with the multi-crore 2G scam for possible money laundering and foreign exchange law violations.
Australia finally gave a green signal to imports of mangoes from India this year, but the king of fruits didn't make it to the market shelves. The initial 1.267 tonnes of mangoes were found to be rotten or over ripe on arrival in Australia and had to be destroyed, resulting in the two importers incurring losses of nearly A$100,000.
Snooping is one of the oldest peccadilloes of man, observes Ambassador M K Bhadrakumar.
A cross-border takeover thriller that not only saw corporate action but also diplomatic dealings and slugfests among bankers.
Africa is second only to West Asia as a net exporter of oil.
The policy aims at developing export potential, improving export performance, boosting foreign trade and earning valuable foreign exchange.
Total export from India is expected to register 10 per cent growth during 2010-11, with all sectors including textile showing a revival, top official of Export-Import Bank of India said.
India has generated an estimated revenue of about $600 million from over five lakh international healthcare travellers including non-resident that visited India in 2006, the study revealed.
The insurance company has formed a four-member committee headed by LIC chairman TS Vijayan to decide the valuation of LIC Mutual Fund.
"We are already restructuring viable accounts, which are facing temporary cash flow problems," says S Sridhar, Chairman & MD, Central Bank of India.
The UID number should have age, breed, sex, lactation, height, body, colour, horn type, tail switch and special marks details of the animal, the Centre said.
Jet Airways, India's largest privately-owned airline, has approached the US Exim Bank and European export credit agencies to reschedule a $2 billion loan (Rs 10,000-crore) loan that was raised to buy 27 Boeing and eight Airbus aircraft.
'If money is spent on good projects, then it is explainable, especially in deflationary circumstances. To boost demand, there is a need to increase spending,' Justin Yifu Lin, chief economist, World Bank.
Bonds/papers of Tata Motors, Reliance, SBI, ICICI and others turn illiquid in international markets.
Reliance Power (R-Power), the Reliance-ADAG group company, which plans to set up 28,000 mw of power plants in India, has secured $1 billion (or around Rs 4,200 crore) funding from three Chinese banks for the Sasan ultra mega power project (UMPP) in Madhya Pradesh.
Paramount Airways, the Coimbatore-based private airline, is in an advanced stages of negotiations with aircraft manufacturers Airbus and Boeing for a $1 billion order of 15 wide-bodied aircraft. The deal is likely to be announced shortly.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
The Act is criticised as an imperial legislation, lacking ameliorative measures for the deprived, with obsolete benchmarks for determining compensation.
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