India to raise Rs 20,000 cr by selling stakes in Coal India & a PSU bank to fund stimulus
In case of Coal India, if valuations are not attractive, the company will buy back shares from the government, officials said.
India rolls out red carpet for global firms, Modi makes fresh investment pitch to investors
At the India Global Week 2020, Modi said India remains one of the most open economies in the world, adding that green-shoots are visible in the economy.
Yes Bank to raise $2 billion in share sale to raise capital
The share offering will be from 15 to 17 July, according to a stock exchange filing. Shares of Yes Bank climbed as much as 5.6% on Thursday morning.
Protect bankers, act against miscreants with full force of law: Finance ministry tells states
In a letter to all state chief secretaries, the finance ministry sought proactive and preventive measures amid rising incidents of violence against bankers on bank premises.
Twitter is considering a subscription service to boost revenues
More than 84% of Twitter revenue comes from advertising, a business that was growing before the coronavirus pandemic swept the globe.
India’s Covid-ravaged states seek more funds from Modi govt
Tax collections have fallen sharply due to the lockdown, pushing state governments to ask the Centre for funds in order to avoid racking up debt.
How India is becoming an unlikely Asian hotspot for mergers & acquisitions
Thanks largely to $15 billion of investments in Jio, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year.
Modi govt drops plan to merge 3 state-owned general insurance companies
Decision to merge the 3 companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — ahead of their proposed listing was announced in 2018 budget.
Ease of doing business? India still has 1,536 Acts, 69,233 compliances for firms to follow
Analysis by TeamLease Compliance shows compliance burden remained onerous for firms in India. Govt says it has taken many steps but agrees more needs to be done.
Ethiopia, India top countries where poor nutrition is costing companies billions of dollars
The greatest productivity losses from being undernourished were in agriculture, mining & construction, with Ethiopia and India facing highest burden.
Modi govt must consider auctioning loss-making Coal India mines too: Naveen Jindal
India must become ‘Atma Nirbhar’ in coal production. If govt auctions CIL’s loss-making mines, pvt sector can ensure the national exchequer adequately gains.
Google is in advanced talks to invest $4 billion in Jio Platforms
Google would join Facebook & slew of PE firms piling into Mukesh Ambani’s venture, which has already attracted nearly $16 billion of investments since April.
Defence
India-China corps commanders talks today to focus on Pangong, to be toughest round yet
India and China have serious differences at Pangong and Depsang Plains, even though they have moved ahead with disengagement at other points of conflict along LAC.
Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states
Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.