July 22, 2016
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Asset under management (AUM) of exchange traded funds (ETFs) based on the Nifty 50 index increased over Rs 10,000 crore (US$ 1.49 billion) during June 2016: National Stock Exchange (NSE)
Mumbai: India's foreign debt-to-Gross Domestic Product (GDP) ratio stood at 23 per cent in 2015, which was the lowest among 83 emerging market countries, according to an analysis by global ratings major Moody's Investors Service.
New Delhi: The Government of India plans to create 10 solar zones across the country by 2021, which will enable states to attract investments, fulfil solar renewable purchase obligation (RPO) mandate and provide employment opportunities to local populations.
New Delhi: The New Delhi Municipal Council (NDMC) has entered into an agreement with National Environmental Engineering Research Institute (NEERI) to develop 12 sewage treatment plants (STP), with a view to develop green areas and revamp big and small parks in New Delhi.
New Delhi: ONGC Videsh Limited (OVL), the overseas acquisition arm of state-run explorer ONGC, has raised US$ 1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia’s second biggest oil field Vankor.
Mumbai: Larsen and Toubro Limited (L&T) has announced that its subsidiary L&T Hydrocarbon Engineering (LTHE) has won a contract worth US$ 1.6 billion, as part of a consortium with EMAS CHIYODA Subsea (ECS), from the world’s largest oil company Saudi Aramco.