Investment

Sood calls for $100bn cash infusion in 3 months The ASSOCHAM has recommended a stimulus package of at least US$200-$300 billion and a 16-point agenda to thwart one of the deepest global recession expected in the world’s history. Elaborating on...

Hitachi strengthens global network Japan’s Hitachi Limited 80.1% share capital acquisition of ABB Management Holding AG (ABB Management) has been approved by the Competition Commission of India (CCI). CCI approved Hitachi’s acquisition of ABB power grid business on 7 Apr...

JSW Energy acquires Odisha thermal plant The Competition Commission of India (CCI) approves the acquisition by JSW Energy Limited of GMR Kamalanga Energy Limited, under Section 31(1) of the Competition Act, 2002. The approval was given on 7 Apr 2020...

Businesses will re-strategize expansion plans The cash-rich US funds could leverage the COVID-19 fallout to optimal advantage as and when they enter Indian shores, hopefully towards second half of 2020, scouting for good bargains and value-pick options on their own...

Bid for Religare Health Insurance equity shares The Competition Commission of India (CCI) received from Trishikhar Ventures LLP a proposal for 18.951% acquisition of the equity share capital of the Religare Health Insurance Company Limited. Trishikhar is a special purpose...

COVID-19 has derailed office segment Housing sales witness a 25-35% yearly drop in 2020 against the preceding year, reveals the ANAROCK report 'COVID-19 - Will it Reset Indian Real Estate?' Residential sales in 2019 stood at approx. 2.61 lakh units...

Total takes indirect 50% of JV for $500m The Competition Commission of India (CCI) has approved formation of 50:50 Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India....

Investment: $156.08bn needed for 300MTPA India’s metal industry is set to witness a 6% Y-o-Y Demand Growth in FY 2020, and an investment of US$156.08 billion is needed to have a 300 million tonne per annum capacity by 2030. Capacity...

Call on LIC to infuse liquidity into NBFCs Noting the painful impact of coronavirus on global economies, the ASSOCHAM has sought a blanket year-long moratorium by Indian banks on debt repayment both for corporates and individuals. It has also called...

Cabinet approves Rs.40,995 crore scheme Global mobile phone manufacturers are set to benefit from a Rs.40,995 crore incentive scheme approved by the Cabinet on 21 Mar 2020. The proposed scheme is likely to benefit 5-6 major global players and few...