Search Results for: Nirmala Sitharaman

Toned-down rhetoric of Bhatia, Gangwal may give wings to IndiGo patch-up bid

IndiGo shares were buoyed by the smooth conduct of the board meeting and rose Rs 65 or 4.44 percent from Friday's close of Rs 1,462 to close on Tuesday at Rs 1,527.

Jul 23, 2019

Chandrayaan-2 injected into orbit; India awaits its tryst with moon

The GSLV-Mk III blasted off from the second launch pad at the Satish Dhawan Space Centre in Sriharikota spaceport at 2.43 p.m. to begin its ascent into space.

Jul 22, 2019

FPI divests Rs 7,712 crore from Indian equity market, shows disinterest after Budget 2019-20

Some of the other reasons for the investment lags are related to the international tension between US-Iran which is creating global disruption in liquidity flow.

Jul 21, 2019

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Here's why export-led growth is required for a new India

The Economic Survey 2019 has rightly identified that no country had ever grown fast without buoyant exports.

Jul 18, 2019

Bimal Jalan report: Govt may put more pressure on RBI for cash to meet budget target

Jalan panel's proposal for 'nominal' transfer of RBI funds to the government from the reserves over 3-5 years falls short of expectations.

Jul 18, 2019

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

RSS economic wing Swadeshi Jagran Manch views Prime Minister Narendra Modi's plan to issue foreign currency bonds as 'anti-patriotic' as it will allow rich foreign nations to control India's policies.

Jul 17, 2019

Government intervenes to save IndiGo from Jet Airways-like crash landing

Will PM Modi's intervention save IndiGo from crash-landing like Jet?

Rahul Bhatia controls nearly 38 percent stake in the airline against Rakesh Gangwal's 37 percent. Bhatia also holds special rights, including the prerogative of appointing three out of six directors.

Jul 17, 2019

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Nirmala Sitharaman's Budget rides high as subsidies cut by 50% in last 5 years

The government closed down about 4.03 crore duplicate, fake and inactive connections excluding the elimination of about 1.03 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana above the poverty line.

Jul 15, 2019

IndiGo promoters' differences threaten services

IndiGo rift set to worsen as Bhatia camp plans to grill Gangwal on engine talks

Board members to seek more information from Gangwal on his 'exclusive parleys' with engine maker Pratt & Whitney before IndiGo signed $20-billion deal for engines with rival CFM.

Jul 15, 2019

More turbulence ahead for IndiGo as spat between the co-founders worsens

Rahul Bhatia replies to Rakesh Gangwal's allegations claiming related party transactions done by the airline company with his group of companies were in order.

Jul 13, 2019

India aims to raise $47 billion from stake sales in state firms over 5 years

The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets.

Jul 13, 2019

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Modi govt may give up controlling stake in oil giants

The idea of giving up controlling stake in government-owned companies below 51 per cent was also tabled during Sitharaman's budget speech.

Jul 10, 2019

Nirmala Sitharaman's major challenge ahead: How to widen income tax net?

India is hugely a 'subsidised' nation where agriculturists, forming the biggest chunk at 75 percent of the population, are availing the tax exemption citing the agricultural income.

Jul 10, 2019

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future.

Jul 9, 2019

India plans to raise $2.18 billion by cutting stakes in 18 firms to 75% - Report

The government is planning to sell 10% each in state-owned reinsurers General Insurance Corporation of India (GIC) and New India Assurance (NIA) which will bring its holding down to 75 percent in the two giant companies.