‘India investing $60bn on gas grid terminals by 2024’

India, one of the world’s largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions. Companies were investing $60 billion in the network and building new gas import facilities to link all states by mid-2024, when … Read more‘India investing $60bn on gas grid terminals by 2024’

IRCTC makes strong market debut, jumps 101% over issue price

IRCTC Share Price: State-run Indian Railway Catering and Tourism Corporation’s (IRCTC’s) shares got listed at Rs 644, a 101.25 premium over issue price of Rs 320, on the exchanges on Monday. The initial public offering (IPO) was a huge success among investors as it was subscribed 111.91 times on the final day of bidding. Please … Read moreIRCTC makes strong market debut, jumps 101% over issue price

RCEP: India seeks checks on 50% Chinese imports

India’s insistence on providing a safety valve to cover at least 50% of Chinese imports under Regional Comprehensive Partnership (RCEP) has held up conclusion of talks for the mega trade agreement. At the heart of the friction is the govt’s concern over a possible surge in Chinese imports once the deal is signed as India … Read moreRCEP: India seeks checks on 50% Chinese imports

More scrutiny, but more H-1B visas OK’d

The US has approved a higher number of H-1B applications (both for initial visas and visa extensions for continued employment) this year, showing that the demand for these work visas continues unabated. This is a relief to Indians, who are the dominant holders of H-1B visas, especially after processing regulations got more stringent post-2015 . … Read moreMore scrutiny, but more H-1B visas OK’d

Government to decriminalise 2/3rds of offences under Companies Act

The govt is set to decriminalise two-thirds of the Companies Act as it looks to do away with jail term in over 40 sections out of the 66 where compounding is permitted. It is also seeking to lower the penalty for small companies. The steps are being discussed by the Company Law Committee, which is … Read moreGovernment to decriminalise 2/3rds of offences under Companies Act

Ravi Shankar Prasad withdraws statement on Indian economy

After Union Minister Ravi Shankar Prasad faced flak for his comment that the country’s economy is sound, the BJP leader on Sunday withdrew his remark. Dismissing concerns about an economic slowdown, Prasad had cited the earnings of the three movies on October 2, saying they collectively earned Rs 120 crore in a day and hence … Read moreRavi Shankar Prasad withdraws statement on Indian economy

Offers at peak, will go down post October: Maruti

Consumer offers on cars during the festive season have reached a peak and it will go down going forward as keeping discounts at such high levels is unsustainable, a senior Maruti Suzuki India (MSI) official has said. The company also expects current month to be better in terms of sales as compared with the same … Read moreOffers at peak, will go down post October: Maruti

PM Modi to skip oil CEO meet over scheduling issues

The meets, held under the aegis of Niti Aayog, have been a sounding board for the govt to reorient policies to attract the illusive investment in finding new oil and gas reserves and bringing them to production so as to cut India’s oil import dependence. The 4th annual meeting was scheduled for Monday afternoon but … Read morePM Modi to skip oil CEO meet over scheduling issues