Government eyes curbs on toys, TV set imports
Sources said there have been suggestions to restrict toy imports, for which several steps such as a quality control order as well as stringent standards have been worked out. Similarly, there have been issues with white goods, especially TV sets, with several domestic players, too, relying on cheap imports from China and Southeast Asian countries.
Birla group co Novelis to raise $1.6 bn via bonds
The bonds are likely to have eight-to-ten year maturity, and the issue is open for subscrip...
FPIs pumped money into these 10 smaller stocks, too
These stocks can return between 15 per cent and 40 per cent in one year.
Taxman orders special audit of Jet Airways
The central agency has also gathered details of the offshore entities with which Jet and its group companies entered into lease and maintenance and general sales agreements, on the basis of information shared by the Egmont Group.
Oil & gas set for a re-rating: UBS
The brokerage said RIL, BPCL, ONGC, and GAIL are its most favoured stocks.
NBFCs set to face asset quality woes
However, a majority in the once buzzing NBFC sector will continue to reel under liquidity concerns with the economic slowdown putting elevated pressure on asset quality.
CBI set for major rejig, officers at same posts for long to be shifted
A CBI source said that the transfers are part of a "routine" exercise as laid down by the government. He said that no officer is being "targeted" in the transfer and its a complete "fair" exercise.
Punjab seeks central assistance for biomass projects
In a letter to Union Minister of State for Power, New & Renewable Energy, RK Singh, the Chief Minister has sought his personal attention towards framing of scheme/ guidelines for promoting biomass power projects by providing one-time viability gap funding in a phased manner, and for a pilot Biomass Solar Hybrid Power Project by MNRE.
Former Google India interim head Vikas Agnihotri set to join SoftBank
In a statement sent out by the Tokyo-headquartered investor, late on Thursday, and after ET reached out to it seeking confirmation of the appointment, said Agnihotri will “foster closer connections with the region’s technology ecosystem and the SBIA’s global network.”
Boby Chemmanur group to invest Rs 250 crore in helicopter taxi service
The group will acquire ten helicopters on wet lease in phases to ferry people to tourist destinations.
PMC Bank scam: HC sets up panel for sale of HDIL assets
The court said the committee shall first value and sell the encumbered properties of HDIL and if there is any shortfall towards repayment of dues, then the properties owned by Wadhawans shall be sold.
Solar plant set up at NIT-Agartala to save on power bill
Union Minister of State for Human Resource Development (MHRD), Sanjay Dhotre formally inaugurated the solar power plant, sanctioned by the union Ministry of New and Renewable Energy
US, China set to sign massive purchases deal, easing trade war
Trump and Liu are scheduled to sign the 86-page document, at a White House event before over 200 invited guests from business, government and diplomatic circles. A translation of the text to Chinese was still being completed late on Tuesday afternoon, as Liu met with U.S. Trade Representative Robert Lighthizer.
BlackRock to exit Coal India by mid 2020
BlackRock, the world’s largest money manager with $7 trillion under management, will cut its equity in Coal India Ltd to zero by the middle of the year, becoming the latest in the list of 100 major banks and insurers exiting the thermal coal sector.
Gaurs Group raises rs 450 crore to pare debt, complete mall
The group, which is developing projects in Noida, Greater Noida West, Ghaziabad and Yamuna Expressway, has a debt of Rs 2,000 crore of which Rs 700 crore is Lease Rental Discounting (LRD), while Rs 1,300 crore is from NBFCs and banks. In March 2019, it had raised Rs 500 crore from Kotak Mahindra Bank.
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