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How to get India out of this frustrating and complex recession

India has entered a major economic slowdown. The growth number understates the magnitude of the slump.

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Feb 25, 2020, 12.30 PM IST

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Sugar mills yet to clear Rs 2,400 cr pending dues of last 2 seasons to cane growers: Govt

Depressed sugar prices due to surplus sugar production in two consecutive sugar seasons -- 2017-18 and 2018-19 -- adversely affected the liquidity of sugar mills resulting in accumulation of cane price arrears of farmers.

GAIL aims to double revenue on Rs 1L-cr Capex in 5 yrs

GAIL, which recorded a profit of Rs 6,000 crore on a revenue of Rs 75,000 crore in the...

Mahindra Renewables to sell entire stake in 3 arms for nearly Rs 340 cr to CLP

As per the share purchase agreement, CLP will acquire 96,23,00...

  • The intercity mobility startup has so far raised a total of $30 million. The latest investments will help us further expand our IntrCity SmartBus network and enhance our tech platform, IntrCity by RailYatri, CEO and Co-founder Manish Rathi said.

    Gas pipelines are planned to take the fuel to the east and northeast regions as well as to consumers in the south as part of the government push to raise the share of natural gas in India's energy basket to 15% by 2030 from the current 6.2%, said GAIL India Ltd's new chairman Manoj Jain.

    Earlier this month, Godrej Properties announced an acquisition of nearly 27 acre land parcel at Ashok Vihar in the national capital for Rs 1,359 crore to develop a luxury housing project.

    The UT has sought Rs 50,000 crore in investment from business houses in 14 sectors. According to the Confederation of Indian Industry (CII), 55% of it has been sought in tourism & hospitality, renewable energy, agri-horticulture and food processing, and the remaining in textiles, manufacturing, healthcare, entertainment and education.

    As per the agreement, NTPC will develop solar PV projects in the park at an estimated investment of Rs 4,000 crore, while RSDCL will build the basic infrastructure that would require about Rs 450 crore.

    The plant would process over 300,000 kilo litres of lubricants, thus enabling the company to be present across the entire gamut of Indian lubes market. This will be GPPL’s second blending plant in India. Apart from the home grown IPOL brand, the plant may blend REPSOL branded automotive products as well, the company said in a statement.

    Andhra Pradesh’s main power distribution company has sought more time to clear outstanding dues of Rs. 599 crore it owes to renewable energy developers.

    The appeal has been filed by the company and its three directors -- Mahesh Kisan Motewar, Vaishali Mahesh Motewar and Rajendra Pandurang Bhandare -- questioning the veracity of a Sebi order passed in November, 2018.

    Growth of the SME book, which has a typical ticket size of Rs 5 crore and below, has been so fast it was only Rs 48,000 crore in March 2015, that jumped to Rs 72,000 crore in March 2017 and crossed the Rs 1 lakh-crore-mark in March 2019 to sniff at Rs 1.5 lakh crore by December 2019.

    Bharti Airtel will pay an initial deposit of AGR dues of Rs 10,000 crore by 20 February to the government and will pay the balance amount by...

    So far, DoT estimates show Vodafone Idea has to pay Rs 56,709.49 crore to the government, of which it paid Rs 2500 crore on Monday with assurance that it will pay another Rs 1,000 crore by this Friday. Vodafone Idea though estimates its AGR dues to be around Rs 23,000 crore, of which Rs 7,000 crore is the principle amount, and the rest interest and penalties.

    The announcement was made during the budget presentation by Finance Minister Suresh Khanna in the presence of Chief Minister Yogi Adityanath. "A budget of Rs 2,000 crore has been proposed for the Noida International Greenfield Airport in Gautam Buddh Nagar's Jewar. The airport is expected to go operational by 2023," Khanna said in his speech.

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