India Monday sought investments from German companies in areas including smart cities and construction of airports to increase economic cooperation between the countries.
Category: The Financial Express
The Financial Express
Coal India approves share owner buyback worth Rs 1,050 crore
The board of state-owned Coal India (CIL) on Monday approved to buy back 4,46,80,850 of its equity shares, or 0.72% of its total outstanding shares, at Rs 235 per share to raise Rs 1,050 crore. The record date for transaction has been decided to be February 15.
Jet Airways debt resolution plan outline is ready
Lenders and key stakeholders discussing a debt resolution plan for Jet Airways seem to have reached a broad consensus. Rajnish Kumar, chairman, State Bank of India , on Monday said: “Outline is ready but implementation depends on government and regulatory approvals.” Kumar was speaking to a television channel.
NTPC threatens to cut supply to AP, Karnataka,Telangana
With outstanding dues spiralling to nearly Rs 6,000 crore, state-owned power generation company NTPC has threatened to cut supplies to the electricity distribution companies of Andhra Pradesh, Karnataka and Telangana from Wednesday if the bills are not cleared soon.
Indian court rejects Tata Steel’s move to block rival bids for Bhushan Power
An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd’s offer to buy the indebted steel maker.
Gulf crisis brewing: Cash-strapped Oman may be next blowout after Bahrain
Bond investors rattled by Bahrain’s fiscal woes last year are bracing for the next potential crisis in the Gulf region: Oman.
Air India sale to restart after May, says DIPAM secretary Atanu Chakraborty
The disinvestment pipeline for FY20 might include sale of the Centre’s 63.8% stake in SJVN to NTPC, a new ETF, 10 IPOs, a clutch of offer for sales, buybacks and a new instrument for the CPSEs’ asset monetisation to achieve a stiff target of Rs 90,000 crore set in the recent interim Budget,
PW engine woes: IndiGo grounds A320 neo plane in Lucknow
IndiGo has grounded an A320 neo aircraft at Lucknow due to problem in the Pratt & Whitney engine, according to a source. The aircraft has been grounded for maintenance since January 31. P&W engine-powered A320 neos have been grappling with problems and aviation regulator
Union Budget 2019: Big achievements by the infrastructure sector! 15 key announcements
Union Budget 2019: Today, Finance Minister Piyush Goyal presented this year’s Union Budget 2019. In his debut budget speech, the minister announced the highest ever allocation for Indian Railways that is of Rs 1.58 lakh crore
Budget 2019: Going beyond incremental growth; India set for quantum leap in road, waterways, railways sectors, says Piyush Goyal
Union Budget 2019: Going beyond incremental growth, India has attained the fastest growth in highways building at 27 km a day and is all set for a quantum leap in transport infrastructure be it railways, waterways, airways or digiways, Union Finance Minister Piyush Goyal said Friday
Union Budget 2019: Wow! India becomes the fastest highway developer in the world!
Union Budget 2019: Union Finance Minister and Railway Minister Piyush Goyal, while presenting the Union Budget 2019, highlighted the importance of the infrastructure sector for the country’s development. Goyal announced that India has become the fastest highway developer in the whole world.
Oil prices nudges higher as OPEC reduces output
U.S. oil prices edged higher on Friday, recovering from losses of nearly 1 percent in the previous session, as data showed major exporters are quickly reducing output in line with a supply cutting pact. U.S. West Texas Intermediate (WTI) futures were at $53.96 per barrel at 0009 GMT, up 17 cents, or 0.3 percent, from […]