Finance Ministry allows two states to borrow additional Rs 7 309 crore

The finance ministry on January 28 granted additional borrowing permission of Rs 7,309 crore to two states for undertaking stipulated power sector reforms. Rajasthan and Andhra Pradesh have been allowed to borrow additional Rs 5,186 crore and Rs 2,123 crore, respectively. “Department of Expenditure has granted additional borrowing permission ofRead More →

Tatas get control of Air India after 7 decades

The Tata Group on Thursday regained ownership of Air India, 69 years after the airline was nationalised. The salt-to-software conglomerate promised to turn the loss-making carrier into a world-class airline. The handover has come as a culmination of the government’s attempt to transfer the ownership of the loss-making airline to a privateRead More →

LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding

The Life Insurance Corporation of India (LIC) has exited its entire investment in Air India’s (AI’s) debt instruments before the airline is handed over to Tata Group on Thursday, as part of the government’s privatisation programme. According to a banking source, the government-owned insurer sold its holding of Rs 3,800 crore backRead More →

Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi

Prime Minister Narendra Modi, chairing a high-level review meeting on Sunday, called for accelerating vaccination in the 15-18 age group in mission mode and ensuring adequate health infrastructure in districts. The review meeting, held to take stock of the country’s Covid preparedness, came on the day India registered around 160,000Read More →

Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Just when India’s box office business was seeing a strong recovery, rising cases of Covid-19 and its new variant, Omicron, have slowed the growth momentum. The release of big-budget films has been pushed after some states asked theatres to close and others restricted capacity. These factors are once again putting pressure onRead More →