This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
A report in The Washington Post said two firms - Children's Investment Fund Foundation, a charity of the British billionaire Christopher Hohn and Axon Partners, an equity firm run by former Goldman Sachs executive Dinakar Singh - invested nearly USD 300 million in the Indian real estate development company IREO.
Sinha made these remarks at the launch of a book, Demonetization and the Black Economy, by economist Arun Kumar, who has been critical of the exercise. Suspended BJD MP Baijayant 'Jay' Panda and Congress leader Prithiviraj Chavan were also participating in the panel discussion.
Debroy further highlighted that India is facing a dilemma from the point of view of pushing exports, as exporters would like exchange rate to depreciate, however exchange rate might not depreciate as much as exporters want because of capital inflows.
According to a source, in one incident, one of the wheels of a Jet Airways B737 plane was found damaged before flying to Mumbai on Saturday and it remained grounded till the problem was fixed.
The programme will be fully sponsored by Samsung and is intended to offer employees an opportunity to synergise theory with practice on a sustained basis, and to enhance their academic qualification.
Future Retail today said it has received approval from the RBI to increase the limit of its Registered Foreign Portfolio Investors to 49 per cent of its paid up capital.
The IPO, through which the Bengaluru-based firm aims to raise Rs 4,229 crore, received bids for 1,53,96,864 shares against the total issue size of 3,41,07,525 shares, data available with the NSE showed.
In February, domestic airlines flew 1.07 crore passengers compared to 86.55 lakh passengers flown during the corresponding period last year, data released today by aviation watchdog Directorate General of Civil Aviation said.
With the opening of the Pink Line's Majlis Park-Durgabai Deshmukh South Campus corridor of the Delhi Metro Rail Corporation (DMRC) last week, the current operational length stands at over 252 km.
Elpro International currently holds 12.75 percent equity in PNB MetLife, which is engaged in the business of life insurance.
Amid auto and taxi-hailing apps gaining popularity and attracting more users, there are persisting concerns over possible anti-competitive practices with respect to tariffs charged at different points of time.
"Had a wonderful meeting with Mr. Roberto Azevêdo, Director-General of the WTO" the PM tweeted and posted a picture with him.
"Objections filed by the applicants shall be forwarded to the CoC for due consideration on March 20, 2018. Any decision taken by them in this shall be placed before NCLT at the time of final approval of the resolution plan," the NCLT said.
One Labs has developed 'inOne' platform which provides access to apps across multiple genres from food, shopping, travel, deals, cabs, news, recharge, games etc within a single app.
Inaugurating the first India-Japan workshop on disaster risk reduction here, Kumar underlining the impact of disaster on development and said climate change has further aggravated the risk.
The bank assessed 67 developed, emerging and frontier markets on vulnerability to the physical impacts of climate change, sensitivity to extreme weather events, exposure to energy transition risks and ability to respond to climate change.
By 2050, 86 million "climate migrants" will be displaced in Sub-Saharan Africa, 40 million in South Asia and 17 million in Latin America -- 143 million in all -- according to the report, which the bank said was the first to address the question of migration spurred by climate change.
This was Deb's first visit to the national capital after the BJP formed its first state government in the state, decimating the Left Front which ruled the state for 25 years in the recent Assembly polls.
"The NHAI, has issued LOA for development of NH-8 Haryana on Hybrid Annuity Mode. Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of existing Delhi-Gurgaon Expressway," Ministry of Road Transport and Highways said in a statement.
The exemption has been given with regard to Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India also. Following capital infusion in these listed public sector banks, the government's respective stakes would rise in them.
The vision of a newer and better India calls for meeting certain developmental milestones, some of these as early as 2022, the year the country commemorates 75th anniversary of Independence, he said at the inauguration of the Festival of Innovation and Entrepreneurship (FINE) 2018.
OIL's benefits have not been limited to its employees alone but it has immensely contributed to the growth of Assam, he said during the 60th anniversary celebration of OIL at South Bank oil well at Naharkatia in Dibrugarh district.
In a special show, The Future of Taxation, a panel of experts decode India’s approach to taxing digital companies.
As of now, the Gurgurgram-based carrier has been grappling with A320 Neos powered by Pratt & Whitney engines since last June, with 11 of them already grounded due to safety concerns.