No relaxation to LIC from SEBI

Insurance giant Life Insurance Corporation (LIC) of India will not be given any relaxation from the Securities and Exchange Board of India’s (SEBI) takeover code and will have to make an open offer to the stakeholders of state-owned IDBI Bank. This will be in line with the norms set...
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India to look for lithium and cobalt mines abroad

India is scrambling to acquire lithium and cobalt mines abroad, along with other resources, to ensure that it has access to such strategic minerals, with China having already taken a substantial lead in the race, much in the manner that it has done so in oil and gas. The...
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Educational loans to get costlier & bigger in FY18

The ticket-size of educational loans in India has risen 47% in the last fiscal year despite a fall in the number of students seeking assistance, illustrating that top university and college programmes are becoming increasingly costlier in the country. Loan disbursals climbed 9.25% in FY18 to touch a portfolio...
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Air India sale delayed with lack of interest

Following the Air India’s disinvestment and drop of sales, Prime Minister Narendra Modi has conveyed that the government doesn’t want to be accused of selling something cheaply. While denying the common perception that the government had been half-hearted at divesting from public sector entities, Modi have that that his...
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PM Narendra Modi draws line between taxable items

Prime Minister Narendra Modi has ruled out a single slab for the goods and services tax (GST), stating that milk and the Mercedes could not have the same rate. The GST regime was rolled out on July 1 last year. The central government on Sunday marked its first anniversary...
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Jaguar Land Rover to manufacture engines at Pune plant

Tata Motors-owned Jaguar Land Rover is committing fresh money into the parent company’s home market by investing in an engine assembly and manufacturing line at the Pune plant, as it seeks to carve a meaningful place for itself in the Indian luxury-car space. An also-ran in the Indian market...
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