Investment

Following the Budget 2019-20 announcement, the government has issued a partial credit guarantee for public sector banks to purchase pooled assets of financially sound NBFCs amounting to Rs.1 lakh crore.

DBS Bank India Limited and Social Alpha have announced a strategic partnership on 13 August 2019, aimed at bolstering the growth of social enterprises and supporting innovators through business mentoring and seed capital.

Russia’s Deputy Prime Minister, Yuri Trutnev and Commerce Minister Piyush Goyal have underlined the need to diversify and deepen trade links in priority sectors, in order to meet the trade target of US$30 billion by 2025.

A large number of bankers want the government to address agriculture distress as a top priority by undertaking reforms in the sector and strengthening the agricultural value chain.

Microsoft Corp and Reliance Jio Infocomm Limited (Jio) are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

BP is expected to pay Rs.7,000 crore for a 49% stake in Reliance Industries Limited’s (RIL) petrol-retail business, forming a third joint venture since 2011.

Saudi Aramco is making India’s largest foreign investment of US$15 billion by taking a 20% stake in Reliance Industries Limited’s (RIL) Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses.

Finance Minister Nirmala Sitharaman has discussed stalled projects and liquidity issues with real estate executives on 12 Aug 2019 in New Delhi, taking in a suggestion of a stressed fund, at least of Rs.10,000 crore, for rescuing incomplete projects.

The Department of Atomic Energy (DAE) has held a two-day exhibition on DAE spin-off technologies for non-power applications at New Moti Bagh recreation club, New Delhi. The exhibition was held 11-12 August 2019.

S&P Global Ratings recently affirmed ‘B+’ rating on Tata Motors, removing it from CreditWatch believing that geopolitical risks such as Brexit and US tariffs could take longer than expected to play out.