Jaypee Infra resolution: NBCC offers 1,426 acres to banks(21:38) New Delhi, Nov 17 (IANS) Softening its resolution plan for Jaypee Infratech (JIL), state-run construction major NBCC has offered 1,426 acres land, worth Rs 5,001 crore, of the bankrupt company to its financial creditors, sources said.
CAIT asks for pricing parity in online, offline market(19:06) New Delhi, Nov 17 (IANS) Traders' body CAIT has urged the government to introduce a minimum operating price along with a uniform policy for discounts to end the trend of deep-discounts on e-commerce platforms and bring parity in prices of online and offline market.
'Government's support for debilitated telecom sector welcome'(18:36) New Delhi, Nov 17 (IANS) Supporting consolidation in the telecom sector, public policy think-tank Cuts International on Sunday lauded Finance Minister Nirmala Sitharaman for saying that she would not like any telecom operator in the country to shut operations.
Amit Shah's gift to Ladakh: Winter grade diesel(15:30) New Delhi, Nov 17 (IANS) In what is seen as a major boost for the union territory (UT) of Ladakh, Union Home Minister Amit Shah on Sunday launched winter grade diesel for the entire Ladakh region.
New norms to ease restrictions on FDI by JVs of Indian cos(14:24) By Subhash Narayan New Delhi, Nov 17 (IANS) In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without categorising such investments as "suspect" involving 'round tripping' of funds.
We will move forward on insurance PSUs merger: FM(10:04) New Delhi, Nov 17 (IANS) Finance Minister Nirmala Sitharaman has said government would be moving forward on the merger of the three state-run general insurance companies as announced in the previous Budget.
Chinese, US chief trade negotiators hold phone talks(07:36) Beijing, Nov 17 (IANS) Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, held a phone conversation at the request of US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday morning.
Aequs-Saab JV to start supply of overwing door structures for Airbus(17:12) Belgaum (Karnataka), Nov 16 (IANS) The Indo-Swedish joint venture for aerospace assemblies and sub-assemblies Aerostructures Assemblies India (AAIPL) will soon start shipping out the Over Wing Door structure for Airbus' A321 plane, said a top official of Aequs Aerospace group.
Further demand slowdown on the cards: NCAER(17:04) Mumbai, Nov 16 (IANS) Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20.