October 25, 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.
Domestic mergers and acquisitions (M&As) increased 2.6 times to US$ 31.8 billion during January-September 2016: Mergermarket
New Delhi: Mr Christophe Sirugue, French Minister of State for Industry, has expressed confidence in the reforms initiated by Government of India, and stated that the adoption of Goods and Services Tax (GST) is a very important step, which will help catalyse investment inflows into the country.
New Delhi: The Sagarmala project for port-led development in India is expected to reduce logistics cost for both domestic and EXIM cargo by Rs 35,000-40,000 crore (US$ 5.23-5.98 billion) annually by 2025, increase movement of coal through coastal route to 129 million tons per annum (MTPA) and increase the share of inland waterways and coastal shipping in modal mix to 12 per cent by 2025.
New Delhi: The Government of India is planning to unveil a new policy for renewing and extending the lease of 28 oil and gas blocks in the country, with a view to attract more investments into these fields.
Ahmedabad: Groundnut exports from India are expected to cross 700,000 tonnes during FY 2016-17 as compared to 537,888 tonnes during FY 2015-16, owing to the expected 70 per cent increase in the crop size due to good monsoons.
New Delhi: Everstone Group, an India-focused private equity firm, has acquired a controlling 70 per cent equity stake in Mumbai-based drug delivery technology firm Rubicon Research Private Limited for Rs 220 crore (about US$ 33 million).