Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad loans will boost their prospects. The insurer also likes...
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India passing through fast formalisation of economy, says Arun Jaitley

India passing through fast formalisation of economy, says Arun Jaitley

Finance minister Arun Jaitley on Friday said India is at present passing through a stage that will in future be recognised as a phase of fast formalisation of the economy. Speaking at a State Bank of India (SBI) event here,...
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95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

Information technology minister Ravi Shankar Prasad said on Sunday that 95 mobile manufacturing companies have set up their plants under the new government. “Today, 95 mobile manufacturing factories have come in India and India is becoming a big hub of...
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US defence firms want control over technology in Make in India plan

US defence firms want control over technology in Make in India plan

US defence firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defence minister......
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India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India will buy an additional one million tonnes (mt) per annum of liquefied natural gas (LNG) from Australia’s Gorgon project after it got Exxon Mobil Corp to cut price agreed to eight years ago. Exxon will charge 12.5% of prevailing Brent...
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India may produce surplus power this fiscal: Fitch Ratings

India may produce surplus power this fiscal: Fitch Ratings

Subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified, according to the latest report ...
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