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Economy

Representational image of a coal mine | Source: Twitter/@coalindiahq

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.
A man outside Yes Bank branch in New Delhi | Manisha Mondal | ThePrint

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.
File photo of Nirmala Sitharaman in New Delhi on 24 October

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 logo displayed on a phone | Alex Flynn/Bloomberg

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.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

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.
Representational image | Picpedia

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.
Car manufacturing plant

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.
A worker serves food to her children outside the Secunderabad railway station | Suraj Singh Bisht/ThePrint

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.

On Camera

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.
The logo of Reliance Jio, the mobile network of Reliance Industries Ltd., is displayed at a store in Mumbai, India. | Photographer: Dhiraj Singh | Bloomberg

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

A file photo of Pangong Lake in Ladakh | Visharad Saxena | Special arrangement

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.
Illustration by Soham Sen | ThePrint

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.