'Will prepare plan on air cargo support to boost agri exports'

Mar 13 2018

Prabhu said that he has asked civil aviation ministry officials to prepare a plan for providing air cargo support to agricultural hubs to promote farm exports.

FDI rises only 0.27 percent during Apr-Dec FY18

Feb 21 2018

Foreign direct investment (FDI) in the country grew by a meagre 0.27 pc to USD 35.94 billion during the first 9 months of the current fiscal, according to the DIPP data.

Pre-Budget: Goa industries want govt to clear stand on mining

Feb 18 2018

With the Budget session of the Goa, industry is expecting the state govt to make its stand clear on the crisis-hit mining sector and creation of employment for locals.

Prabhu to meet industry nxt month on new industrial policy

Jan 31 2018

Commerce and Industry Minister Suresh Prabhu will hold consultations with industry representatives next month on the proposed industrial policy.

India assures Israeli firms on resolving business issues

Jan 15 2018

India assured Israeli companies of resolving their concerns on doing business in the country, saying it would further ease the process in this regard.

'Permitting fgn airline stake in AI a considered decision'

Jan 10 2018

Allowing foreign airlines to own up to 49 pc stake in Air India is a "considered decision" and will send out a message to global investors, a senior govt official said.

New industrial policy in few months: Suresh Prabhu

Jan 09 2018

The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said.

Centre, states will ease norms to promote startups: DIPP secy

Nov 30 2017

Abhishek underscored the need for a differential treatment of sectors such as startups, smart technology and disruptive businesses.

New industrial policy coming early next year: Prabhu

Nov 27 2017

Commerce and Industry Minister Suresh Prabhu has said the new industrial policy that will seek to promote emerging sectors will be released early next year.

Karnataka tops in investment commitments: Minister

Nov 09 2017

R.V. Deshpande said Karnataka emerged as the most attractive investment destination with investment commitments of Rs 1,47,625 crore from Jan to Sept.

Indian Markets


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Stocks In News



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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