Govt's proposed discom scheme positive measure for the power sector
ICRA Vice President and Sector Head Girishkumar Kadam said the availability of grants was not an earlier part of the UDAY scheme. Nonetheless, timely implementation of such capex and the proactive focus by state discoms is critical, given that the scheme is result-oriented and subject to performance, he said.
Making efforts to financially strengthen bank further: Yes Bank
"All efforts are being made to financially strengthen the bank even further. ...
Govt to stop substitutable coal import; can go for auction of 100 fully explored new blocks: Joshi
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional
"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availability of funds and committed additional infusion of Rs 8,000 crore by ArcelorMittal, Essar Steel’s under-utilised productive asset can now operate at its optimal level of production and enhance capacity utilisation," the resolution professional of Essar Steel said.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
Interministerial talks on gas sector reforms begin
The petroleum and natural gas ministry has begun interministerial consultations on its proposal to end the power sector's priority access to cheap domestic gas, setting up a gas trading platform and hiving off GAIL's pipeline business into a subsidiary.
How to deal with your biggest financial fears
If you have no investing expertise or have suffered losses and are afraid you will do so again, the best option is to not invest directly through stocks, but via mutual funds. Find out how to conquer your fears and secure your finances
Bain Capital looks to team up with Sunil Munjal to buy Max Financial Services
Apax Partners also approached; Hero Corp & Analjit Singh currently in exclusive discussions
Share market update: Nifty Financial Services index down; REC dips 2%
The Nifty Financial Services index was trading 0.2 per cent down at 14,606.10.
HDFC Bank Q3 results preview: All eyes on slippages in auto, agri sectors
Motilal Oswal expects the bank to report a 24 per cent YoY jump in profit to Rs 6,950 crore.
Easynomics: India needs a vibrant real estate and construction sector
What this basically tells us is that any construction doesn’t just benefit the builder or the company carrying out that construction, but many other companies and tradesmen involved with the construction. In the Indian case any construction leads to creation of jobs for a huge number of manual labour.
Real estate sector sentiments revive to optimistic zone in Dec quarter: Report
The real estate sector has been under pressure for over three years now.
Half of world economy dependent on nature: WEF study
Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades.
Edelweiss Financial Services asked to appear before ED on Wednesday
The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation. The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd.
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