North Kashmir anyone’s bet

North Kashmir anyone’s bet

President of Awami Ithad Party and former MLA Langate Er Rasheed deciding to contest the forthcoming Lok Sabha polls would make the contest in Baramulla constituency more interesting. If one goes by the statistics people in north Kashmir are not that averse to the voting and they do come forward to exercise their franchise. Er […]

Fitch assigns investment grade rating to NTPC’s proposed notes

New Delhi, Mar 22: Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes. The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they […]

Mutual fund exposure to NBFCs falls by Rs 45386 crore in 7 months

Mutual fund exposure to NBFCs falls by Rs 45386 crore in 7 months

Coimbatore, Mar 22: The liquidity crisis in the NBFC (non-banking finance companies) space triggered by the default of infrastructure lending major IL&FS last September is continuing to have an impact on mutual fund (MF) deployments in the sector. The overall exposure of debt MFs to NBFCs stood at Rs 2.2 lakh crore in February, a […]

India one of world’s fastest growing large economies: IMF

India one of world’s fastest growing large economies: IMF

New Delhi, Mar 22: India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done. Responding to a question on India’s economic development in the […]

PFC acquires govt stake in REC for Rs 14500 crore

PFC acquires govt stake in REC for Rs 14500 crore

New Delhi, Mar 22: State-owned Power Finance Corporation Limited (PFC) has acquired the Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC) Limited for Rs 14,500 crore. “PFC has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of Rs 10/- each, of REC Limited from the President of India constituting […]

GVK to buy ACSA’s stake in Mumbai airport company, raise stake to 74%

GVK to buy ACSA’s stake in Mumbai airport company, raise stake to 74%

Hyderabad, Mar 22: GVK Power and Infrastructure Limited (GVK PIL) on Friday informed the stock exchanges that its step-down subsidiary GVK Airport Holdings Limited has initiated the process to acquire 120 million shares of Mumbai International Airport Limited (MIAL) constituting 10 percent of the paid up share capital of MIAL from ACSA Global Limited by […]

Advisor Ganai urges stakeholders to work for developing robust education system in JK

Srinagar, Mar 21: Advisor to Governor, Khurshid Ahmad Ganai on Thursday urged the stakeholders— including private schools to work efficiently for providing quality education to the student community at all levels. Speaking to scores of delegations during a day-long public hearing under the aegis of Governor’s Public Grievance cell, here at Church Lane, Ganai emphasized […]

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