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The budget placed continued emphasis on infrastructure in order to attract global capital in equity and debt. Infrastructure investment trusts (InvITs) will be set up for roads and transmission lines with a cumulative enterprise value of $1.6 billion.
Cairn hopeful of ‘acceptable solution’In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty.
from Stock… Read More14,900-15,100 to decide if Nifty falls or risesOn the weekly chart, the index has formed a bearish candle and has closed below the previous week’s low which remains a bearish sign.
from Stocks-Markets-Economic Times https://ift.tt/2NrFD1w
… Read MorePSB privatisation: NPA hive-off, staff transfers being consideredThe government is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank of Baroda, Canara Bank and State Bank of India from the privatisation process.
fr… Read MoreScouting for allies before debut, Amazon pledged minimum returnsIn 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named 'Red', to a few select potential local partners for a retailing venture.
from Stocks-… Read MoreStocks in the news: Torrent Power, PNB Housing, Narayana Hrudayalaya, Thomas Cook & Jet AirwaysPunjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance.
from Stocks-Markets-Economic Times https://ift.tt/3k8pmdR
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