Investment

The Coal Ministry has allotted two Coking Coal mines, Rohne and Rabodih, in Jharkhand to the Steel Central Public Sector Enterprises (CPSE’s).

Indian oil marketing companies have guaranteed buying energy from the 5,000 compressed biogas plants (CBG) being built across the country, Petroleum and Natural Gas Minister Dharmendra Pradhan has assured.

The Competition Commission of India (CCI) has approved Sanaka Growth SPV I Limited investment in Edelweiss Securities Limited (ESL) under sub-section (1) of Section 31 of the Act.

The Competition Commission of India (CCI) has approved acquisition of shares in SBI General Insurance Company Ltd by Honey Wheat and Napean Opportunities LLP.

Results from policy reforms have started showing in the economy with Foreign Direct Investment (FDI) inflow of US$35 billion recorded in the first half of this year.

The Government is planning to invest around Rs.100 lakhs crore in logistics infrastructure in the next 5 years, Minister of State for Commerce and Industry Som Parkash said.

Given the nature of slowdown, India is likely to witness a slow grind towards recovery, said Singapore’s banking group DBS in its “India Annual Outlook 2020” report on 13 Dec 2019.

The Government has approved the 100% stake sale in Air India via a specific alternative mechanism, Civil Aviation Minister Hardeep Singh Puri has told the parliament on 12 Dec 2019.

Los Angeles’ Flowerkist Incorporated has entered into a proprietary agreement with Delhi-headquartered Dabur Research Foundation (DRF) to develop and launch a wide range of 100% hemp-based CBD infused topical products with its patent-pending “Rapid Penetration Technology™”.

The Government has undertaken 55 rail projects worth Rs.45,883.2 crore and 15 projects worth Rs.2,899 crore for enhancing port connectivity at various Major and Minor ports.