Investment

Flipkart secures $1.2bn funding The week beginning 13 July 2020 has been good for India-US business partnership as Flipkart announced a US$1.2 billion funding from Walmart on 14 following up on Google’s US$10 billion investment announced by Sundar Pichai. And...

New rail lines planned The government will spend Rs.50,000 crore on coal evacuation infrastructure to further improve transportation and support the industry, said Anil Kumar Jain, Secretary, Ministry of Coal. “We would be making the additional investment in the eastern...

Resolved: over 48,556 consumer complaints After three years since its implementation, RERA is becoming the force it was envisioned to be - especially in disposing of consumer complaints across different states and UTs, according to Anuj Puri, Chairman - ANAROCK...

PM Modi appreciates Google’s proactive role Google chief executive Sundar Pichai has given a big boost to India’s investment seeking efforts in a depressed global economy by announcing Rs.75,000 crore Fund to help accelerate the adoption of digital technologies in...

Krishnapatnam Port acquisition in July 2020 S&P Global Ratings has assigned its 'BBB-' long-term issue rating to the US$1.2 billion senior unsecured notes proposed by Adani Ports and Special Economic Zone Ltd, proceeds from which will cover debt at Krishnapatnam...

5G to transform every industry, says Mollenkopf Indians are set to benefit from San Diego-headquartered Qualcomm Ventures’ digital connectivity following the San Diego-headquartered investment commitment of Rs.730 crore in Jio Platforms. “With our shared goal of extending the benefits of...

Sood expects consolidation across different sectors The ASSOCHAM has urged Finance Minister Nirmala Sitharaman to streamline the M&As on the principle of 'One Nation, One Stamp Duty' amidst an impending increase in deals post-COVID-19. The Chamber has proposed that "ONE...

Industry urged to adopt newer technology The Ministry of Petroleum and Natural Gas has recommended reducing the GST rate on CNG vehicles to 5% at par with electric vehicles (EVs), informed Sunil Kumar, Joint Secretary (Refineries). "We have sent the...

Escorts takes 40% in Japanese Agri-machinery company The Competition Commission of India (CCI) has approved investment by Japan’s Kubota Corp in Escorts Limited on 10 July 2020. The approval also covers Escorts’ investment in Kubota Agricultural Machinery India Private Limited...

Sood calls for long-term strategy India must double down on ramping up domestic capacity in at least 15 of the country's largest non-oil import items including electronics, coal, iron-steel and non-ferrous metals and vegetable oils to effectively achieve the objective...