PM Modi proposed a USD one billion line of credit to promote projects that support physical and digital connectivity between India and ASEAN.
Amid the opposition UDF's sloganeering against him, Kerala Governor Arif Mohammed Khan on Friday delivered the customary address to the assembly with the policy document outlining the Left government's administrative achievements and criticising the Centre for allegedly pushing the state to financial constraints by reducing its resource allocations.
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
Before committing your precious money in PE funds, investors need to get very choosy, advises Ramesh Bukka, co-founder and director, Entrust Family Office Investment Advisors.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
'The question is really can we prevent half a million deaths.' 'We are fast approaching that number.'
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
'There are large cohorts of students who cannot recognise the alphabet or numbers.' 'We are suggesting schools 'start early and end late'.'
'As much as $4 billion in India's start-up companies has come from Chinese funds.' 'Government policy must not remain indifferent to the problems India's start-up ventures are likely to face after the change in FDI rules,' says A K Bhattacharya.
Megha Rajagopalan's Xinjiang series won the Pulitzer Prize in the International Reporting category.
The pandemic helped many entrepreneurs including me realise the power of people who share your passion, says fashion entrepreneur Meghna Saraogi.
The Indian IT companies, which account for a large number of H-1B applications, are likely to face the additional financial burden because of this proposed increase in H-1B filing fees.
The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
Or a brief stop on the way to better times, asks Ajit Balakrishnan.
For existing technologies, unless appropriate financing is available, deployment at scale is difficult.
Tata has invested in over 10 start-ups in personal capacity.
Investing in a Unit Linked Insurance Plan increases your life cover and also helps you save tax, says Vivek Jain.
'Unsurprisingly, the joint statement issued after Modi's visit contains a paragraph on terrorism.' 'It is on the usual lines that India would have with, say, Croatia.' 'The surprising part is that it shies away from getting into specifics,' points out Ambassador M K Bhadrakumar.
Disney-Star generated advertising revenue of over Rs 27 billion for IPL 2020.
Modi hopes to attract funds and skills from U.S. innovators to help India's burgeoning startup scene grow.
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research released in London on Thursday.
After raising $2.5 billion from SoftBank's Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
To beat BJP, you either deny them a critical mass of Hindu vote or build a regional leader and party strong enough to protect their turf, observes Shekhar Gupta.
At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.
Persistence is the name of the game, says Vineet Bajpai.
Tracing the early life of the humble ballpoint pen to its present.
India Inc is encouraged by a determined Budget.
To seek tax exemption, a start-up will now have to apply, with all the documents, to the DIPP instead of the inter-ministerial board of certification. The earlier requirement of start-up to submit report from merchant banker specifying the fair market value of shares has also been removed.
The diagnostic test kit developed by the Thiruvananthapuram institute can detect coronavirus in 10 minutes, and the sample to result time will be less than two hours, Vardhan tweeted. A total of 30 samples can be tested in a single batch on a single machine, he said.
The move was initiated by National Knowledge Commission Chairman Sam Pitroda as an incentive to encourage innovation, collaboration, licensing and commercialisation in Indian institutes. The matter is before the Cabinet and will shortly be moved to Parliament for approval, according to a source close to the development. The law will be on the lines of the 1980 Bayh-Dole Act of America.
Patent filings in India would be more and more driven by new technologies, which are either kept secret or patented.
Banks have played a critical role in infrastructure financing.
Commonwealth Archery and Shooting Championships will be held in Chandigarh
The first tranche of 50 expected to arrive soon as part of efforts to strengthen bilateral cooperation in the fight against the COVID-19 pandemic
Regulator to address contract management issues and speed up development.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
