Invest in India News

  • GoAir’s fleet operations down to 75-77% amid management churn

    NEW DELHI: Struggling to find a stable management team for a long time, Wadia Group’s GoAir is operating only 75% to 77% of the 47 Airbus A320 aircraft in its fleet. The low cost carrier’s latest CEO resigned this February, after barely eight months into the job. There has been a significant management churning at the top in past few months and the airline, which started flying in 2005, remains the smallest among its contemporaries like IndiGo and SpiceJet.

  • Rail vikas Nigam Limited shares make a tepid market debut, list at Rs 19

    NEW DELHI: The state-owned Rail Vikas Nigam Limited (RVNL) made a flat market debut today i.e. April 11, 2019, listing at Rs 19 on Bombay Stock Exchange (BSE) which is same as the issue price.

    This is the first Central Public Sector Enterprise (CPSE) disinvestment in the current fiscal, which started on April 1. It is expected raise about Rs 450 to 480 by selling 12.12 per cent stake.

  • JIL announces tech partnership with US firm; to retire debt by mid-year

    JIL had raised structured debt funding of Rs 265 crore from Indiabulls Group in 2018, and the total debt of JIL as on March 2018 was about Rs 350 crore.

  • Delhi court frames defamation charge against Priya Ramani in case filed by MJ Akbar

    NEW DELHI: A Delhi court Wednesday framed defamation charge against journalist Priya Ramani in a case filed by ex-Union minister M J Akbar after she levelled allegations of sexual misconduct against him. 

    Ramani, who appeared before Additional Chief Metropolitan Magistrate Samar Vishal, however, pleaded not guilty and claimed trial. 

  • Some reforms in India show benefits of digitalisation: IMF

    Some reforms in India have shown the benefits of digitalisation which has also reduced the opportunities for discretion and fraud, the IMF said in its latest report on Wednesday. 

    The introduction of e-procurement in India and Indonesia has also increased competition and led to better quality of construction, the International Monetary Fund (IMF) said in its latest edition of the fiscal monitor report released ahead of the its annual spring meeting with the World Bank. 

  • 1st Phase of Bihar voting begins on 11th April

    44 Candidates in the fray for 4 Lok Sabha seats

    7,486 polling stations set up for smooth conduct of elections

    Bihar goes to polls in 1st Phase of General Elections-2019. Four Parliamentary Constituencies (PCs) of Aurangabad, Gaya, Nawada and Jamui will vote on 11th April. Thirty-six more Lok Sabha seats will be contested in 6 more Phases.

  • India highest recipient of remittances at $79 bn in 2018: World Bank

    India retained its position as the world's top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said in a report Monday. 

    India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said. 

  • Auction for Sale (Re-Issue) of Government Stocks

    The Government of India has announced the Sale (Issue/Re-issue) of (i) ‘7.32 per cent Government Stock, 2024’ for a notified amount of Rs.5,000 crore (nominal) through price based auction,(ii)‘7.26 per cent Government Stock, 2029’ for a notified amount of Rs.6,000 crore (nominal) through price based auction,(iii) ‘7.40 per cent Government Stock, 2035’ for a notified amoun

  • The tiny deals behind Mukesh Ambani's bid to take on Amazon

    NEW DELHI: A $2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Inc in India.

    Asia’s richest man is sharpening his focus on e-commerce with a string of tiny acquisitions and stake purchases to face the world’s largest online retailer, after shaking up India’s telecommunications industry with cheap data and free calls.

  • Taxmen to scrutinise mismatch between ITR and service tax returns

    NEW DELHI: The revenue department has asked tax officials to scrutinise the mismatch in turnover towards services between income tax returns and service tax returns by businesses during 2015-16 and 2016-17.

  • India's economic growth driven by domestic demand, need to focus on exports: World Bank

    India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth.

    Praising attempts to liberalize markets within India, Hans Timmer, World Bank chief economist for the South Asia region said "that is what is needed to become more competitive."

  • 15th Finance Commission holds high level discussions on ‘Fiscal Relations across levels of Government’

    The 15th Finance Commission today held a high level roundtable on ‘Fiscal Relations across levels of government’.  It was moderated by Shri N. K. Singh, Chairman of the Commission. The roundtable is being organised in partnership with the World Bank, OECD and ADB.  This is the culmination of significant works that all the three organizations  have undertaken for the FC.

  • Russian Delegation visits I&B Ministry to discuss Cooperation in the sphere of Media

    Annual Indo-Russian Forum for Media Cooperation proposed

    A Russian Delegation led by the Russian Deputy Minister of Digital Development, Communications and Mass Media, H.E Mr. Alexey Volin, including the Ambassador of Russian Federation to India, H.E. Mr. Nikolay Kudashev and other delegates met Shri Amit Khare, Secretary, Ministry of I&B today.

  • Indian Advance Pricing Agreement regime moves forward with signing of 18 APAs by CBDT in March, 2019

    The Central Board of Direct Taxes (CBDT) has entered into 18 APAs in the month of March 2019, which includes 03 Bilateral APAs (BAPAs). With the signing of these APAs, the total number of APAs entered into by the CBDT in the year 2018-19 stands at 52, which includes 11 BAPAs. The total number of APAs entered into by the CBDT as of now stands at 271, which inter alia includes 31 BAPAs.

  • MOIL registers the highest ever turnover in FY 2018-19

    MOIL Limited, the largest producer of manganese ore in the country and a Mini Ratna Schedule-A CPSE under the administrative control of the Ministry of Steel, has achieved the highest-ever turnover of Rs. 1440 crores (unaudited and provisional) during financial year 2018-19, registering a growth of 9% over the previous year.