Industry Sectors

Commerce and Industry Minister Piyush Goyal has asked RBI to extend US$25 billion line of credit to exporters, ensuring funds with interest rates not 2% above LIBOR.

Infrastructure Group Larsen and Toubro has made an open offer for 5.13 crore shares or 31% Bengaluru-based Mindtree, a global technology consulting and services company, helping Global 2000 corporations marry scale with agility to achieve competitive advantage.

The government should allow a minimum of 51% Foreign Direct Investment (FDI) in defence sector without any riders to linkages with ‘modern technology,’ so as to enable international defence companies to exercise adequate control over joint venture companies, intellectual property...

The Reserve Bank of India (RBI) has issued a revised framework for resolving stressed assets by offering lenders a 30-day period to label an account of a Non-Performing Asset (NPA).

Trade and economic relations between India and China have seen rapid progress in the last few years with bilateral trade reaching US$87.06 billion in 2018-19 from a low of US$2.92 billion in 2000-01.

The market for distressed assets in India is vast and will increase in the days to come, given the size of the Indian economy, its growth potential of 7+% for over next two decades or so, increase in intensity of...

The Competition Commission of India (Commission or CCI) has approved the acquisition of electrical and automation (EA) business of Larsen & Toubro Limited (L&T) by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.

Wipro Limited has signed a definitive agreement to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.

The Indian Government has issued instruction that all accounts exceeding Rs.50 crore, if classified as Non-Performing Assets (NPAs), be examined by banks from the angle of possible fraud.

The World Bank has signed a US$287 million loan agreement for the Tamil Nadu Health System Reform Programme which aims to improve the quality of health care, reduce the burden of non-communicable diseases (NCDs), and fill equity gaps in reproductive...