Finance Minister Nirmala Sitharaman has asked ministries to spend on large projects Finance Minister Nirmala Sitharaman has asked Secretaries of all key infrastructure sector ministries to push expenditure on large important projects, to ensure that achievements are commensurate with timelines. The departments have also been urged to achieve more than their capacity …
Read More »Rupee Depreciates To 74.23 Against Dollar Amid Muted Domestic Equities
Rupee Vs Dollar Today: The rupee settled at 74.23 against the dollar The rupee depreciated by four paise on Tuesday, June 29, to settle at 74.23 (provisional) amid weaker domestic equities and a stronger American currency, which weighed on the foreign exchange market sentiment. At the interbank foreign exchange market, the domestic unit opened at …
Read More »Centre Suggests Rating System For Small And Medium Enterprises
Minister for MSMEs Nitin Gadkari has suggested a rating system for small industries Government has suggested a rating system for micro, small and medium enterprises (MSMEs) and a dashboard for their effective monitoring. It has directed the Small Industries Development of India (SIDBI) to take a decision on implementing these measures …
Read More »Securities And Exchange Board Of India (SEBI) Brings New Rules For Listed Firms; Approves Accredited Investors Framework
The decisions were taken by the Sebi board at its meeting held on Tuesday. Markets regulator Sebi on Tuesday approved a slew of measures, including amendments to norms related to independent directors and the introduction of a framework for accredited investors. Among other proposals, the watchdog has decided to allow …
Read More »S&P Global Cuts India’s Growth Forecasts
S&P Global has cut its growth forecasts for Asia’s top economies including India S&P Global cut its growth forecasts for some of Asia’s top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America. The estimates, which feed …
Read More »Government To Frame Policy To Fast Track Public Private Partnership Projects
Government will form a policy to fast track clearance to public private partnership projects Keen to fast track its ambitious asset monetisation programme and streamlining approval for public private partnership (PPP) projects, the Government today announced that it will come up with a new policy to address the issues plaguing …
Read More »WhatsApp Hires Former Amazon Executive To Lead India Payments Business
Facebook Inc-owned WhatsApp messenger said on Monday it was appointing a former Amazon executive as the head of payments in India as it looks to scale the service in its biggest market by users. Manesh Mahatme, officially director WhatsApp payments – India, will help improve users’ payments experience and grow …
Read More »Haryana Government Gives Funds To IL&FS In Gurgaon Metro Project Case
IL&FS has received Rs 1,925 crore from Haryana government in the Gurgaon Metro case Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Sunday said it has received Rs 1,925 crore from Haryana Shehari Vikas Pradhikaran as interim termination payment in the Gurgaon Metro Project case. The two-phased Gurgaon Metro Project …
Read More »Fuel Prices Raised Again, Touch New High
Petrol And Diesel Rate Today In Delhi, Kolkata, Chennai, Mumbai: Fuel rates were hiked again today Petrol, Diesel Price Today: Petrol and diesel prices were hiked across the four metro cities again on Sunday, June 27, according to data by the Indian Oil Corporation (IOC). In the national capital, petrol …
Read More »PharmEasy To Acquire 66% Stake In Thyrocare For Rs 4,546 Crore
The collaboration is considered transformative for the Indian healthcare sector New Delhi: Digital medicine delivery store PharmEasy will acquire 66.1 per cent stake in diagnostic chain Thyrocare for Rs 4,546 crore. API Holdings Ltd, the parent company of PharmEasy, announced the signing of definitive documents to acquire 66.1 per cent …
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