World wants to hear directly from horse's mouth: PM on Davos

Jan 19 2018

PM Modi said the world wants to hear "directly from the horse's mouth" about India's policies and growth potential and he will feel proud to tell the success story.

Mauritius largest source of FDI in India, says RBI

Jan 19 2018

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank.

Rupee continues uptrend, ends at 63.86 against dollar

Jan 18 2018

Rising for the second straight session, the rupee ended marginally higher by two paise at 63.86 against the American currency.

Siam Makro enters cash & carry biz, to invest Rs 1,000 cr

Jan 18 2018

Thailand-based retailing firm Siam Makro PCL announced entry into the cash and carry segment in India and has plans to invest around Rs 1,000 crore in the next 5 years.

PM promises more reforms, invites Israeli biz to invest

Jan 15 2018

Prime Minister Narendra Modi promised more economic reforms to further improve the ease of doing business in India as he invited Israeli companies to invest.

Why did Modi bring FDI in retail after opposing it in 2012: AAP

Jan 12 2018

The Aam Aadmi Party questioned why PM Narendra Modi was pushing for the FDI after he had opposed the same regime as the Gujarat Chief Minister in 2012.

CITU opposes move to allow 49 percent FDI in Air India

Jan 11 2018

The CITU denounced the decision of the government to allow 49 per cent FDI in Air India, and said it was aimed at expediting the privatisation of the national carrier.

There won't be a populist Budget: NITI Aayog Vice Chairman

Jan 10 2018

NITI Aayog Vice Chairman Rajiv Kumar dismissed concerns of fiscal slippage and said the next Union Budget will not be a populist one.

BJP's double-speak exposed, says Cong on FDI decisions

Jan 10 2018

The Congress accused BJP of adopting "double-speak" on allowing 100% FDI in single brand retail and criticised it for relaxing the 30% outsourcing clause.

Retail stocks gain as much as 6 percent on FDI norms relaxation

Jan 10 2018

Retail stocks rose by as much as 6 per cent following the government's decision to relax the FDI norms in single-brand retail.

Indian Markets


    35,798.01 286.43   (0.81 %)

    10,966.20 71.50   (0.66 %)

Global Markets


Stocks In News



Completes acquisition of 49% stake in the projects from MBL Group

Total consideration of Rs 2,300 Cr 

Projects involve 4-laning of sections of NH-72A & NH-73


Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held

To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr

Sets Rights Issue Price At Rs 510/Fully Paid Share

To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr

Sets Rights Issue Price At Rs 615/Partly Paid Share


Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles

Projects in waste water sector

Projects funded by European Investment Bank

Cos order backlog increases to Rs 2,200 cr, which is an all-time high


Gets LOA for 2 projects from Delhi Metro Rail Corp

Work includes finishing works of 8 stations of Mumbai Metro Rail Project

Cost of Contracts stands at nearly Rs 57 cr


To acquire entire equity share capital of arm Travel News Services

Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr

Post acquisition, TNSI Retail to become step-down arm of co

TNSI JV Welcome Retail Private Limited to become step-down arm

Deal likely to be completed in 12-16 weeks

Note: Travel News Services (TNSI)

Effect of acquisition

Consolidation of retail business of FRL

To help FRL expand its presence at Airports, Metro Stations, Universities

Will have access to retail brand WH Smith", license for which is held by co

Note: Future Retail (FRL)

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