A separate meeting was also held among the members of the inter-ministerial group (IMG) which has been constituted to look into the telecom industry's financial woes.
The transaction was done through the Specified Undertaking of the Unit Trust of India (SUUTI), according to block deals available on stock exchanges. The government held 6.55 per cent stake in engineering firm L&T and the shareholding after the sale has come down to a little over 4 per cent.
Earlier this year, Musk had stated that he was hoping for Tesla to enter India this summer with its products, which has so far not materialised.
Gaitri Issar Kumar, a 1986-batch Indian Foreign Service (IFS) officer, has been appointed as India's next ambassador to Belgium. She will also be accredited as India's ambassador to the European Union (EU), the external affairs ministry said.
All banks, either public sector, private and foreign banks in the country, are mandated to report such instances to the Financial Intelligence Unit (FIU) under anti-money laundering law provisions.
Bad loans in the power sector continue to weigh on India's banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.
Rohatgi told PTI that he had written to the government last month conveying his wish to discontinue as Attorney General and return to private practice.
The Department of Industrial Policy and Promotion (DIPP) has prepared a draft SOP and is circulating it to different departments including the economic affairs for their views.
Normally, wheat marketing year runs from April to March. But the procurement this year was undertaken a fortnight early by the Food Corporation of India (FCI) as well as state agencies.
Loss-making Air India, bailed out in 2012 with $5.8 billion of federal funding, has troubled the government since a botched merger between two state carriers in 2007 and the rise of private airlines slashed its market share.
Niti Aayog Vice-Chairman Arvind Panagariya's comments on Friday came days after data showed that India's annual economic growth unexpectedly slipped to 6.1 percent in the January-March quarter, its lowest in more than two years.
The German Transport Ministry said it has asked Volkswagen's luxury division to recall around 24,000 A7 and A8 models built between 2009 and 2013, about half of which were sold in Germany.
The Fair and Remunerative price (FRP), the minimum guaranteed cane price to the farmers, has been fixed at Rs 255 per quintal for 2017-18 season as compared with Rs 230 per quintal this year. Some states like Uttar Pradesh fix state advisory price (SAP), which is normally higher than FRP.
Those who make attempts to hurt the pride of jawans also need to be taught a lesson, Singh said during an event at Subharti University on Delhi-Dehradun highway here.
The Cement Manufacturers Association (CMA) also lamented that tax incidence on cement in India, which is the highest in Asia Pacific, has affected the health of the industry that is witnessing only 70 per cent of capacity utilisation due to low demand.
The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are Deutsche Equities, SBI Capital Markets and ICICI Securities, sources said.
“Sath hai, vishwas hai, ho raha vikas hai (There is cooperation, there is confidence and progress is being made),” the prime minister tweeted. “Last 3 years have seen concrete steps that have transformed people’s lives,” said in another tweet.
According to the NIA, Pakistan-based terror groups finance terrorism in Jammu and Kashmir by generating millions in donations through their charity organisations.
According to the global financial services major, notwithstanding the "gradual pace" of recovery on the ground, the government's current measures are steps in the right direction.
The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul.
"This was the long-standing demand of Indian industry and is essential to promote domestic manufacturing growth. This is a legitimate tool under our multilateral commitments and with number of major government initiatives this can be leveraged to promote value addition, create employment and give a much needed boost to the manufacturing," Ficci Secretary General A Didar Singh said.
The government is working overtime to roll out the goods and services tax regime from July 1 and has held several workshops and seminars to familiarise traders and the industry about the new indirect taxation structure.
The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here.
Last week, India said it would tax hybrid vehicles at a rate as high as 43 percent under a new unified tax regime set to come into effect from July 1. That would be significantly higher than the prevailing tax of about 29 percent on such cars.
The Goods and Service Tax (GST) Council comprising state finance ministers and headed by Union Finance Minister had last week finalised the GST tax on most of the items and services.