 "Top headlines: Tata group to take over Air India, Fed flags rate hike")
The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March and reaffirmed plans to end its bond purchases that month as well. More on that in our top headlines this morning.
Future to sell 25% stake in insurance JV to Generali for Rs 1,253 cr
Future to sell 25% stake in insurance JV to Generali for Rs 1,253 cr
Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts. Read more
GIFT City draws big players with biz sops; banks, PEs register with IFSCA
The funds ecosystem in India’s maiden International Financial Services Centre (IFSC) in GIFT City is gaining significant momentum with more than 20 Alternative Investment Funds (AIFs) now registered with the IFSCA, the unified regulator for IFSCs in India. Read more
Budget 2022-23: Non-strategic PSU privatisation may see a push next year
The government may put several public sector undertakings (PSUs) in non-strategic sectors on the block next year as it plans to continue with its privatisation push, said officials in the know. Read more
Fed flags rate hike 'soon', plans for significant balance sheet reduction
The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March and reaffirmed plans to end its bond purchases that month as well before launching what was characterized as a significant reduction in its asset holdings. Read more
Tata Sons board to meet on Thursday for debt-laden Air India takeover
Business Standard can confirm that the board of Air India and Tata Sons will meet on Thursday to formalise the handover the process. The existing board of Air India, which includes four functional directors, two government-nominee directors, chairman, and managing director (CMD), will resign and a board, consisting of Tata group executives, will take charge of the airline. Read more
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%