Invest in India News

  • India CEO forum organized to share best practices and facilitate cross-learning on climate change issues.

    India CEO Forum on Climate Change organized by Ministry of Environment, Forest and Climate Change (MoEFCC), as the pioneering initiative of the government, inviting industry representatives, exchanged views on climate change issues and discussed opportunities to collaborate in regard to fulfilling India’s national as well as international climate change commitments.

     

  • Meeting of the 15th Finance Commission with the Reserve Bank of India

    The 15th Finance Commission headed by Chairman, Shri N.K. Singh today held a detailed meeting with the Governor and Deputy Governors of RBI in Mumbai today.

     

    Key issues raised by RBI Governor, Shri Shaktikanta Das and Finance Commission Chairman, Shri N.K. Singh were discussed in detail at the meeting. These issues  included the following:–

  • Sanskrit is the invaluable window to Indian cultural treasure house: Vice President

    VP calls for promoting Sanskrit Learning;

    Compliments students for trekking 12000 feet on Himalayas and hoisting ‘Sanskrit Flag’;

    Protect nature and preserve culture for better future: VP tells Students

    Addresses Students of a trekking expedition ‘Sahyadri to Himadri’

  • MNRE holds ‘Chintan Baithak’ with the stakeholders of Renewable Energy (RE) sector

    Various issues pertaining to RE sector discussed during the meet

     

  • Government approves lowering of NEET-PG cut offs by 6 percentile for the year 2019-20

    The Health Ministry in consultation with the Board of Governors, Medical Council of India (MCI) has decided to reduce the qualifying percentile in respect of NEET-PG for the year 2019-20 by 6 percentile. Now, general category candidates with minimum of marks at 44 percentile, persons with disabilities category with minimum of marks at 39 percentile and SC/ST OBC category candidates at 34 percentile will become eligible for admission to Post Graduate courses for the academic year 2019-20.

  • Initiatives by Commerce Ministry to Boost Trade with African Countries

    The Commerce Ministry and Indian High Commissions and Embassies of eleven African countries arranged an interaction over Digital Video Conference (DVC) over two days, on 3rd and 6th May 2019, with the Indian business community in Africa. The interactions with Indian Diaspora were held in Tanzania, Uganda, Kenya, Zambia, and Mauritius, Nigeria, Mozambique, Ghana, South Africa, Botswana, and Madagascar.

  • Essar Steel shareholder seeks rejection of ArcelorMittal bid for co

    New Delhi, An Essar Steel's majority shareholder Tuesday moved NCLAT seeking rejection of ArcelorMittal's Rs 42,000 crore bid of the bankrupt company, alleging that its promoter Lakshmi Mittal hid his association with loan defaulting firms run by his brothers, that made his firm ineligible to participate in insolvency proceedings.

     

  • Essar Steel shareholder seeks rejection of ArcelorMittal bid for co

    New Delhi, An Essar Steel's majority shareholder Tuesday moved NCLAT seeking rejection of ArcelorMittal's Rs 42,000 crore bid of the bankrupt company, alleging that its promoter Lakshmi Mittal hid his association with loan defaulting firms run by his brothers, that made his firm ineligible to participate in insolvency proceedings.

     

  • Vernacular gaming platform Bakbuck raises funds from Nazara

    CHENNAI: Mumbai-based gaming tech enterprise Nazara Technologies has invested an undisclosed amount in Bakbuck, a vernacular social contesting platform operated by Khichadi Technologies. Bakbuck's tech platform helps transform popular traditional games like Antakshari and others into online contests that users can play anytime, with anyone. Currently available in Hindi, Bakbuck has plans to expand to 10 more Indian languages soon.

     

  • IndiGo prepares for another 'large' Airbus order

    NEW DELHI: IndiGo is in talks with Airbus SE for another large plane order in a sign Asia’s biggest budget carrier has no intention of letting up on a blistering pace of expansion.

     

  • McDonald's, Vikram Bakshi working on out-of-court settlement

    Estranged partners McDonald's and Vikram Bakshi Monday told the NCLAT that they are working towards an out-of-court settlement to end their over 5-year-old dispute.

     

  • Can't ensure cheaper oil sales to India: US commerce secretary

    NEW DELHI: The US government will not ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies, US commerce secretary Wilbur Ross said on Monday.

     

    Ross is in India to participate in a trade forum.

     

  • US commerce secretary Ross to raise India's ecommerce rules in talks

    NEW DELHI: US commerce secretary Wilbur Ross said on Monday he plans to discuss India’s new e-commerce rules that could have an impact on operations of firms such as Amazon and Walmart with his Indian counterpart on Monday.

     

  • UDS acquires majority stake in Matrix Business Services

    Chennai: Facility management firm UDS has acquired 75% majority stake in Matrix Business Services, a business assurance and background verification services firm for an undisclosed sum. The transaction will see Motilal Oswal and New Vernon PE backed UDS acquire 19.77% stake owned by Kotak Mahindra Investments and 2.67% of Mahindra & Mahindra Contech’s share, and the balance 52.56% from other non-executive shareholders of Matrix. UDS said it holds a long-term goal of buying out the entire stake in the company.

  • Intellect Design reports 31% YoY rev gro

    Fintech enterprise Intellect Design Arena has reported revenue at Rs 397 crore for the quarter ended March, a 31% growth year-on-year from the same quarter last year. Sequentially, revenue grew marginally from the December quarter, when Intellect posted Rs 378 crore of revenue. For the fourth quarter of 2019, Intellect recorded a 66% jump in net profit at Rs 43 crore, as against Rs 26 crore on the back of robust digital deal wins this quarter.