Government to allow holding company structure for Air India

  New Delhi, Apr 23: A new owner of Air India will be allowed to operate the airline under a holding company. The entity will also be permitted to co-opt its existing airline brands under the holding company to build synergy. This, the government believes, will allay concerns of potential suitors about the bidding condition, […]

12 new IPOs to come up in June-quarter

  New Delhi, Apr 23: After raising Rs 843.57 billion through initial public offers (IPOs) in 2017-18 (FY18), at least 12 companies are planning to garner Rs 170 billion through IPOs over the next two months, reports say, with some of the prominent ones being HDFC Asset Management. Other companies that may launch their IPOs […]

IRDAI Chairman appointment process likely to take another month

New Delhi, Apr 23: The Chairman’s post of Insurance Regulatory and Development of Authority (IRDAI) is likely to remain vacant for another month as the cabinet body dealing with the appointment is expected to take another three to four weeks to finalise the candidate. Sources said that the Appointments Committee of the Cabinet (ACC) will […]

Centre to implement ‘wallet’ system for timely GeM payments from states

New Delhi, Apr 23: The central government has developed a wallet-like facility for states to pay expenses related to the goods and services used for official purposes, according to a report. The Commerce Ministry’s Government e-Marketplace (GeM) has developed “pool accounts” where states can make advance payments for official purchases from the Centre. This move […]

Currency supply fell Rs 150 bn short during Apr 1-15

Currency supply fell Rs 150 bn short during Apr 1-15

New Delhi, Apr 22: Currency in circulation increased by Rs 439 billion to Rs 18,732 billion during March 31-April 13, according to weekly data on reserve money published by the Reserve Bank of India (RBI). This period is the closest to the first fortnight of financial year 2018-19. The RBI had provided currency worth Rs […]

Probability of RBI rate hike has increased, say experts

New Delhi, Apr 22: The Reserve Bank of India is expected to maintain status quo on policy interest rates in this financial year, but the probability of rate hike has increased, experts believe. According to domestic as well as foreign brokerage firms like Kotak Institutional Equities and Morgan Stanley, the minutes of the RBI’s monetary […]

M&A-PE deals drop 24% in value terms in Jan-Mar at $22.5 billion

M&A-PE deals drop 24% in value terms in Jan-Mar at $22.5 billion

Chennai, Apr 22: Merger and acquisition (M&A) and private equity (PE) were worth $22.5 billion in the first quarter of 2018, a 24 per cent drop from the same period last year. However, the number of deals increased marginally. The drop was attributed to the Vodafone-Idea merger, valued at $23 billion in the first quarter […]

India’s real GDP growth expected to expand at 7.4% in 2018-19: Urjit Patel

India’s real GDP growth expected to expand at 7.4% in 2018-19: Urjit Patel

Washington, Apr 22: Asserting that the Indian economy turned in a resilient performance in 2017-18, Reserve Bank of India (RBI) Governor Urjit Patel has said the country’s growth is expected to accelerate next fiscal. Patel was addressing the International Monetary Finance Committee. “The Indian economy turned in a resilient performance in 2017-18,” Patel said. Although […]