Business news

Government to monetise Rs 6,000 crore GAIL pipelines through InvIT – Times of India

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NEW DELHI: The oil ministry is eyeing the InvIT (Infrastructure Investment Trust) the route to monetise pipelines worth about Rs 6,000 crore built by India’s largest gas utility GAIL, charting a new course for raising funds for the government as the pandemic spooks big-ticket disinvestments such as of Bharat Petroleum. Discussions on InvIT are on … Read more Government to monetise Rs 6,000 crore GAIL pipelines through InvIT – Times of India

Budget 2021: ‘Centre may double health spending next fiscal year’ – Times of India

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NEW DELHI: India is likely to double health spending in the next fiscal year with the aim of raising expenditure in the sector to 4% of gross domestic output in the coming four years, two officials said, as the country looks to fix its health system after the coronavirus pandemic. India will likely raise its … Read more Budget 2021: ‘Centre may double health spending next fiscal year’ – Times of India

FDI inflows into India jump by 13% to $57 billion in 2020: UN – Times of India

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NEW DELHI: India witnessed a 13% rise in foreign direct investment (FDI) to $57 billion in 2020 compared to the previous year. The domestic figure was boosted by investments in the digital economy, while China overtook the US as the largest recipient of FDI globally, according to an UNCTAD report. India and China were the … Read more FDI inflows into India jump by 13% to $57 billion in 2020: UN – Times of India

TikTok, WeChat, Baidu and UC Browser among 59 Chinese apps permanently banned in India – Times of India

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NEW DELHI: In a sweeping move that may lead to legal challenges and further acrimony between India and China in the digital space, the government has permanently banned 59 Chinese apps, and these are believed to include top ones such as ByteDance’s TikTok, Baidu, WeChat, Alibaba’s UC Browser, shopping app Club Factory, Mi Video Call … Read more TikTok, WeChat, Baidu and UC Browser among 59 Chinese apps permanently banned in India – Times of India

Infosys CEO Salil Parekh: Our unity is driving growth | India Business News – Times of India

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BENGALURU: Since the first quarter of 2019-20, Infosys has been, once again, the growth leader among the big Indian IT services companies. CEO Salil Parekh, who completed three years at the helm this month, looks to have transformed the company that had been roiled by the controversies under his predecessor, Vishal Sikka. He’s ensured stability. … Read more Infosys CEO Salil Parekh: Our unity is driving growth | India Business News – Times of India

India sees 19 IPOs worth $1.84 billion in 2020 December qtr: Report – Times of India

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NEW DELHI: Reflecting strong momentum, India witnessed 19 initial public offers worth USD 1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021, according to a report. Leading consultancy EY’s India IPO Trends Report: Q4 2020 showed that there were a total of 10 Initial … Read more India sees 19 IPOs worth $1.84 billion in 2020 December qtr: Report – Times of India

PM Modi likely to address World Economic Forum on Jan 28 – Times of India

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NEW DELHI: Prime Minister Narendra Modi is expected to address the World Economic Forum (WEF) on January 28th, via video conference. Chinese President Xi Jinping will also address the forum. The WEF 2021 will be held virtually from January 26 to 29 at Davos in Switzerland, on the theme “The Great Reset” representing a commitment … Read more PM Modi likely to address World Economic Forum on Jan 28 – Times of India

Telcos want government to clarify onus of security breach post NSD rollout, ensure price competitiveness – Times of India

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NEW DELHI: Telcos have asked the government to clarify about the entity that will be held liable if there is security breach in the network post implementation of National Security Directive (NSD) on the telecom sector, according to industry sources aware of the development. The telecom operators have given their input to the government in … Read more Telcos want government to clarify onus of security breach post NSD rollout, ensure price competitiveness – Times of India

Coal India says geared up to meet any surge in fuel demand from power sector – Times of India

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NEW DELHI: State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector. The statement follows power demand touching an all-time high of 187.3 GW on Friday. “CIL (Coal India) is well geared to meet any surge in demand for the dry … Read more Coal India says geared up to meet any surge in fuel demand from power sector – Times of India

Budget 2021: Finance minister launches Union Budget mobile app – Times of India

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NEW DELHI: Finance minister Nirmala Sitharaman on Saturday launched the ‘Union Budget mobile app‘ for hassle-free access of Budget documents by members of Parliament (MPs) and general public. Launched on the occasion of the customary ‘halwa’ ceremony, the app facilitates complete access to 14 Union Budget documents, including the annual financial statement, demand for grants … Read more Budget 2021: Finance minister launches Union Budget mobile app – Times of India