Economy

Tata powers into renewables Source: Tata. The goup's plans include wind power. Tata Power will buy Welspun Energy's subsidiary, Welspun Renewable Energy Pvt Ltd (WREPL), at an enterprise value of Rs 9,249 crore. Tata Power Renewable Energy Ltd (TPREL) will...

India-Qatar investment MoU Source: PIB. Prime Minister, Narendra Modi meeting the Prime Minister of Qatar, Sheikh Abdullah Bin Nasser Al Thani, in Doha on June 04, 2016. National Investment and Infrastructure Fund (NIIF) Ltd and Qatar Investment Authority (QIA) have...

GAIL's LNG gains Source: GAIL. Gains from revised LNG contract. Indian Liquefied Natural Gas (LNG) importer, GAIL, has benefited from the revised contract with RasGas of Qatar, with a 60 per cent drop in price. GAIL’s revised its contract from...

Vendors reach rural consumers Source: Amritsar Golden Temple. Rural consumers driving retail market. Vendors are expanding into India’s rural market while 15 per cent to 20 per cent of consumers are inclined toward web shopping, according to a study by...

Winning US Investment Modi being received by the speaker of the United States House of Representatives, Paul Ryan on his arrival, at Capitol Hill, in Washington DC, USA on June 08, 2016. Amazon and 21st Century Fox have announced additional...

Source: Westinghouse. Nuclear for meeting India's energy needs. The Nuclear Power Corporation of India and US corporation, Westinghouse, will begin engineering and site design work immediately for six nuclear power plant reactors in India and conclude contractual arrangements by June...

  Source A T Kearney. Mukherjee says India’s strong ranking reflects foreigner retailers’ increased optimism. Improved ease of doing business, and better clarity regarding foreign direct investment (FDI) regulations helped improve India’s ranking in the 2016 Global Retail Development Index™...

Shangri-La talks Indian market The “Make in India” has become a buzzword for countries seeking a bigger pie of the Indian market seeking multi-billion dollars of technology-savvy investment. But Prime Minister Narendra Modi’s government is taking a calculated approach to...

Source GIFTCL. Lim and Pandey signs dispute handling MOA in Singapore. Gujarat International Finance Tec-City Company Limited (GIFTCL) has entered into a Memorandum of Agreement (MOA) with The Singapore International Arbitration Centre (SIAC) to resolve international commercial disputes. GIFTCL, GIFT...

Source: RBI. India's central bank is trying to clean up the balance sheets of the country's banks, said S&P Global Ratings in a report titled "Government Support Underpins Ratings On Indian Public Sector Banks." The Reserve Bank of India's (RBI)...