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Highlighting the recovery of the economy and flow of investment post-COVID pandemic, Union Finance Minister Nirmala Sitharaman on Friday said that India's Gross Domestic Product (GDP) is expected to grow at 7.4 per cent in the financial year 2022-23 and will continue at the same level in the next fiscal.
In one of the largest post-pandemic M&A (mergers and acquisitions) deals in India, Essar on Friday announced signing definitive agreements with Arcelor Mittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.According to the company, the deal also envisages a 50-50 joint venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.Rewant Ruia, Director, Essar Ports and Terminals Limited, said With this deal, which yields a multifold return on our investments, Essar Port...
An earthquake of magnitude 3.4 on the Richter scale hits Kolhapur in Maharashtra on the intervening night of Wednesday and Thursday, the National Center for Seismology (NCS) informed.
Police Commissioner Raymond Siu undergoing isolation after testing positive for coronavirus via rapid antigen screening.
CNA – Singapore’s core inflation rose further to 4.8 per cent in July, driven mainly by stronger increases in the prices of food, electricity and gas, official data yesterday showed. This is higher than the figure of 4.4 per cent in June and surpassed a Reuters forecast of a 4.7 per cent increase. The last […]