Sebi has also allowed commodity bourses and public financial institutions to invest in subsidiaries of stock exchanges, clearing corporations at IFSCs Source: Livemint.com (http://www.livemint.com/rss/industry)
A.P. Hota says RBI’s nod to NPCI to operate BBPS will provide a major push to digital payments as it is a big step forward in formalizing the bill payment…
CAG said a 30% failure rate was found in the surface-to-air missiles Akash during testing and held that such deficiencies posed an operational risk during hostilities Source: Livemint.com (http://www.livemint.com/rss/industry)
After Narendra Modi’s ‘black money’ crackdown, Uday Kotak’s personal fortune has surged 43% to $10.1 billion Source: Livemint.com (http://www.livemint.com/rss/industry)
Andhra Pradesh, Karnataka are renegotiating or scrapping purchase agreements with developers and want power at prices lower than what had been stipulated in contracts Source: Livemint.com (http://www.livemint.com/rss/industry)
Indian power companies are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions Source: Livemint.com (http://www.livemint.com/rss/industry)
At the Reliance AGM on 21 July, Mukesh Ambani unveiled Jio Phone, a 4G feature phone at effectively zero price. Mint examines Reliance Jio’s strategy here on and implications of…
Post-merger, Vodafone-Idea with 35% market share will be followed by Airtel’s 29% (including Telenor) and RCom-Aircel-Sistema’s 16% Source: Livemint.com (http://www.livemint.com/rss/industry)
Donald Trump announced that Foxconn plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the US Source: Livemint.com (http://www.livemint.com/rss/industry)
The IPOs of New India Assurance and GIC of India will see the government divest 10% stake in each of the state-run insurance companies Source: Livemint.com (http://www.livemint.com/rss/industry)