Indian telecom firms' foreign partners hit by AGR fallout(15:26) New Delhi, Nov 19 (IANS) The Supreme Court ruling on adjusted gross revenue (AGR) has not just hit the Indian telecom firms hard, but has eroded the profits of their foreign partners as well, with the latest casualty being Airtel's joint venture (JV) partner Singtel.
15 foreign banks keen to open branches in India(14:30) New Delhi, Nov 19 (IANS) India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country.
Scrap deposit insurance: AIBEA tells FM(12:16) Chennai, Nov 19 (IANS) Even as the government is mulling increasing the insurance cover for bank deposits, the All India Bank Employees' Association (AIBEA) has demanded scrapping of such insurance cover for public sector bank deposits.
Saudi Aramco still undecided on BPCL stake purchase(11:00) By Subhash Narayan New Delhi, Nov 19 (IANS) World's largest oil company Aramco is yet to make up its mind to participate in disinvestment of Indian fuel refiner and retailer Bharat Petroleum Corporation Ltd (BPCL) where government intends to sell its entire 53.29 per cent stake to a strategic investor.
'Foreign PEs pumped $14 bn in realty during 2015-19'(12:20) New Delhi, Nov 18 (IANS) Foreign private equity firms invested around $14 billion during the period starting 2015 to the quarter ended September of 2019 with most of the investments in the commercial real estate sector, says a data by Anarock Capital.