Policy ensuring MSP 50% higher than production cost to come soon

Mar 23 2018 | 48 mins ago

The govt will soon come out with a policy to ensure that farmers get the support price 1.5 times higher than the production cost, Agriculture Min Radha Mohan Singh said.

NBFCs asked to comply with anti-money laundering rules

Mar 22 2018

The government asked the non-compliant Non-Banking Financial Companies to comply with the requirements under the Prevention of Money Laundering Act.

India allocates $1.5 billion for 'Modicare' health insurance

Mar 22 2018

India has allocated $1.54 billion for its ambitious health program aimed at providing insurance cover for about half the population, the health minister said.

National rubber policy in the making: Suresh Prabhu

Mar 21 2018

Prabhu said commerce ministry is developing a national rubber policy to address various issues concerning the sector with a view to boost shipment and productivity.

Niti to come out with ranking of 115 aspirational districts: Kant

Mar 20 2018

Kant said the government think-tank will come out with a ranking of 115 aspirational districts in the next two days.

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Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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