Tag Archives: government

Government To Infuse 10,086 Crore Rupees Into Bank Of India

The Central government has decided to infuse Rs. 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment. According to the filing, the bank’s board will consider “by way of circular resolution on or after January 2, 2019 ... Read More »

UK businesses urge government to reach Brexit transition deal

LONDON, OCT 23:   The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be sent to Brexit minister David Davis, Britain’s five leading business organisations said a deal to provide a status quo ... Read More »

Government Releases Consolidated FDI Policy Document

New Delhi: The Commerce and Industry Ministry on Monday released the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year. The Department of Industrial Policy and Promotion (DIPP) said the new “circular will take effect” from the same day. The consolidated policy is a compilation of the various decisions taken by the ... Read More »

Government to sell 5% in NTPC at Rs 168/share on tomorrow

The government will sell 5 per cent stake in the country’s largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore. The share sale through an offer for sale (OFS) will happen over two days beginning on Tuesday, an official said here. NTPC shares closed 2.5 per cent higher on the BSE at Rs 173.55 apiece ... Read More »

Government lifts foreign restrictions on finance, investment houses

NEDA Undersecretary for policy and planning Rosemarie Edillon said foreign participation in investment houses and other financial activities were among those that would be removed from the FINL. File MANILA, Philippines – The 2017 Foreign Investment Negative List (FINL), slated to be approved by the National Economic and Development Authority (NEDA) board next month, will provide for the lifting of foreign ... Read More »

Jio Phone: where business meets socio-capitalism meets government

With Jio Phone, some say, is born India’s Steve Jobs. On July 21, Mukesh Ambani, facing a crowd of thousands of Reliance shareholders, broke with Indian corporate tradition to announce the launch of Jio Phone. So what if Jio Phone is cursed with two alphabets too many to ever become the iPhone? India’s most powerful businessman made sure the stage ... Read More »

Jio Phone: where business meets socio-capitalism meets government

Mukesh Ambani’s speech at Reliance’s “intelligent” phone launch told us a lot about the corporate cultures and private–public sector relationship in India The dependence of corporates on the government is characteristic not just of India, but of most developing economies. | R.V. Moorthy With Jio Phone, some say, is born India’s Steve Jobs. On July 21, Mukesh Ambani, facing a ... Read More »

Government Asks Traders To Issue Advertisements About Price Hike Post GST

New Delhi: The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation of GST. To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for ... Read More »

Government To Launch National Data Repository On June 28

New Delhi: The government will next week launch India’s maiden National Data Repository (NDR) that will assimilate, preserve and upkeep country’s vast sedimentary data for future use in oil and gas exploration and production. Finance Minister Arun Jaitley and Oil Minister Dharmendra Pradhan will on June 28 launch the NDR, which will aid India to switch over to an open ... Read More »

Election debacle leaves UK government in a minority on eve of Brexit talks

British Prime Minister Theresa May addresses the country as her husband looks on after Britain’s election at Downing Street in London, Britain, on 9 June. Photo: Hannah Mckay/Reuters   London: British Prime Minister Theresa May said she would lead a minority government backed by a small Northern Irish party after she lost an election gamble days before the start of ... Read More »