News digest: Market borrowings, Taj Mansingh auction, IL&FS mess, and more

Tata group's Indian Hotels Company will retain control of the Taj Mahal hotel, popularly known as Taj Mansingh, for another 33 years

Modi govt cuts gross market borrowings by Rs 700 billion for FY19  

Armed with augmented resources from small savings, the government will cut gross market borrowings by Rs 700 billion for 2018-19 to finance its fiscal deficit, which is expected to remain within the targeted 3.3 per cent of gross domestic product (GDP).

The move, along with measures of the Reserve Bank of India (RBI), is expected to ease pressure on bond yields and liquidity. Read more

Tata's Indian Hotels outbids ITC, retains Taj Mansingh for another 33 years

Tata group’s Indian Hotels Company (IHCL)