Economy

IndiGo, India’s leading carrier, continues to enhance its international connectivity with six new flights from 25 July and 5 August to Jeddah and Kuwait.

With the recent Budget batting in favour of fiscal consolidation, India’s 10-Year (generic) bond yields have corrected sharply – from 6.75% ahead of the budget to 6.45% on 15 July 2019.

Adani Ports & SEZ Ltd (APSEZ) and Germany’s Wilhelmshaven Freight Village Container Terminal are promoting trade and container shipping business between their ports.

India is expected to lease out more acreage for exploration, reaching a total of 300,000 sq km by end of this year with two more bidding rounds, said the Petroleum and Natural Gas Ministry on 16 July 2019.

Commerce and Industry Minister Piyush Goyal has emphasized on leveraging on opportunities in the United Kingdom, particularly post-BREXIT scenario.

India and Italy have decided to establish fast-track system to support the activities of companies and investors of both the countries in each other markets, Commerce and Industry Ministry said on 16 July 2019.

A number of steps have been taken by the Government to help revive stalled projects, Anurag Thakur, Minister of State for Finance, has told Lok Sabha on 15 July 2019.

Moglix, India’s largest and fastest-growing B2B commerce company, has raised US$60 million through Series D round led by Tiger Global, Sequoia India and Composite Capital.

Government has taken several steps towards simplifying the rules and promotion of research and innovation in respect of MSMEs in Defence Industry, Minister of State for Defence Ministry, Shripad Naik, updated Rajya Sabha on 15 July 2019.

The Government is looking for ideas from all sides to strengthen and to give confidence to international investors, with the best of technologies, to come to India and invest.