Investment

MMRC works on car shed on the rail corridor The central government has approved allocation of 40-acre land to Mumbai Metro Rail Master Plan, which is undertaking phase development of 146.50-km system for improving the overall public transport capacity of...

Move to strengthen banking sector SBI in Mumbai. Public Sector Banks have been given in-principle approval to amalgamate through an Alternative Mechanism (AM), a decision facilitating consolidation among the Nationalized Banks to create strong and competitive banks. The salient features...

DPR readied for 1,500m link to Nepal An Asian Development Bank-funded bridge over Mechi River at Indo-Nepal border will progress further following an approval by the Union Cabinet chaired by Prime Minister Narendra Modi. Estimated to cost Rs.158.65 crore, the...

16-acre site for 2.2M sq ft commercial space. Model of International Tech Park Gurgaon. The prime suburban business district of Pune will get a new Singapore-brand Information Technology (IT) park by 2020 following a land deal announced on 23 August...

Single window clearance system to support investors. Odisha state government has put in place a business-friendly tourism policy, providing lucrative incentives and subsidies to investors. It has also initiated single window clearance system, making the process of acquiring various clearances...

Acquisition helps expand media capabilities. Essel Group ME said its media and production subsidiary, Essel Media Hub, has acquired boo.lab, a leading Spanish production company specialising in audiovisual and experiential media. The acquisition expands Essel Media Hub's media and production...

Inflows could add to rupee appreciation pressure.   India’s foreign reserves touched a record US$393 billion early August, backed by strong foreign portfolio and investments flows while adding pressure to rupee appreciation, according to the Development Bank of Singapore (DBS)....

Industry calls for uniform import duties. The financial stress on the Indian telecom sector can be reduced to a great extent by considering a cut in spectrum usage charges as well as license fees, according to a joint study. The...

Indian corporate governance is in transition Girija Pande. India’s corporate sector will have to be aware of the challenges of adapting to global standard governance as the structure changes from family-backed operations to professional managers, says Girija Pande, chairman of...

Issues include double-taxation of re-export. From (L-R): Mr. K.M. Hiralal, Deputy DGFT in Mumbai, Rupa Naik, Executive Director, All India Association of Industries, Dr. Sonia Sethi, Additional DGFT in Mumbai, Firoze Adhyarujina, Sr. Advocate Supreme Court and Legal Advisor and...