Banking & Finance

The Government has given ‘in-principle’ approval for strategic disinvestment of 28 Central Public Sector Enterprises (CPSEs) including Subsidiaries, Units and Joint Ventures with sale of majority stake of Indian Government and transfer of management control.

The Government has signed 135 contracts of the 210 in the last four years, 2015-19, with Indian vendors including Defence Public Sector Undertakings/Public Sector Undertakings/Ordnance Factory Board and private vendors.

The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, Minister of Finance & Corporate Affairs, Nirmala Sitharaman in a written reply to Parliament on 24 June 2019.

The State Bank of India (SBI) is planning to expand its market in Singapore by expanding its relationships across Small and Medium Enterprises (SMEs) some of which have strong footholds across Asia Pacific, reported Press Trust of India on 22...

India may review some of the Free Trade Agreements (FTAs) and the Indian industry needs to be able to leverage them, Commerce and Industry Minister Piyush Goyal has disclosed.

Radiant Life Care Private Limited has completed the acquisition of a 49.7% stake in Max Healthcare Institute Limited from South Africa-based hospital operator Life Healthcare, it was announced 21 June 2019.

The real estate sector is obviously not without its own hopes from the first GST Council meeting of Modi 2.0. Reducing the GST rate for cement from the current 28% slab to 18% had been a long-standing demand of industry...

The Government has established Fund of Funds for Startups (FFS) to meet the funding needs of sprouting entrepreneurs in the country, the Rajya Sabha was told on 21 June 2019.

Fairfax-backed Digit Insurance, an Indian insurtech startup with a mission to “Make Insurance Simple”, has reached 2.8 million customers with US$172 million premium in FY 2018-19.

India will not allow multi-brand retail by foreign companies and on the pretext of B2B no entry will be allowed for multi-brand retail, Commerce and Industry Minister Piyush Goyal has reiterated, assuring support to small traders and retailers in the...