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Top News In இன்றைய செய்தி புதுப்பிப்புகள் Today - Breaking & Trending Today

Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list

Future group revs up joint ventures as tussle with Amazon drags on
The Future group is re-energising its joint ventures (JVs) with dairy major Fonterra and American food firm Hain Celestial as it prepares for life after a tough 2020. The Kishore Biyani-led group’s debt had spiralled out of control last year, forcing it to get into a nearly Rs 25,000-crore transaction with Reliance Retail. The deal, which includes sale of the retail, wholesale, and logistics assets of the Future group, has since been challenged by Amazon.Read more
NITI Aayog submits first list of about 12 PSUs for privatisation
The government has kicked off its privatisation drive, with the NITI Aayog, a body headed by the prime minister, submitting its first list of about 12 public sector undertakings (PSUs) to be privatised. The organisation has submitted the list comprising PSUs in strategic sectors, which will be considered by the Department of Investment and Public Asset Management (DIPAM), a ....

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Top headlines: Bharat Biotech's Covaxin off trial, IDBI Bank out of PCA

Read more about Top headlines: Bharat Biotech s Covaxin off trial, IDBI Bank out of PCA on Business Standard. Saudi Aramco s $44-billion refinery project at Nanar in Ratnagiri has become a bone of contention between the Maharashtra government and the Centre ....

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Top headlines: Ruia out of Air India sale race, India to appeal Cairn award

The Air India (AI) employees’ consortium and Kolkata-based businessman Pawan Ruia have not qualified for the second round of the sale process for the national carrier. This leaves Tata Sons as the only entity that has confirmed its participation in the bidding process. While media reports said SpiceJet promoter Ajay Singh is also in the reckoning, Business Standard couldn’t verify this claim. Read more
India ready to appeal Cairn s $1.2 billion arbitration award this week
A day after British oil firm Cairn Energy pressed for honouring the over $1.4-billion international award on a tax dispute, finance ministry officials said New Delhi was preparing to appeal at The Hague this week. The Union government has finalised the grounds for appeal against the award and is in the final leg of discussions with the Dutch counsels, according to officials. Based on the appeal, India will apply for a stay on the enforcement of the award at a lower Dutch court. Read more ....

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Top headlines: Apple's India plans, raw material crunch for vax maker, and more

Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China
iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry (Foxconn) facility in Tamil Nadu both for the domestic as well as well as the export market. The unit also manufactures iPhone 11, which is the bestseller in India, as well as iPhone XR. Read more
Suspension of IBC proceedings may not be extended beyond March 24
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. Read more ....

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Top headlines: Govt to privatise profit-making PSUs, Wipro to buy Capco

Read more about Top headlines: Govt to privatise profit-making PSUs, Wipro to buy Capco on Business Standard. Many states are open to the idea of petrol and diesel being brought under the goods and services tax (GST) regime - contrary to the perception that they are averse to it. ....

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