Page 610 - Economy & Policy News
Air India writes off Rs 7,000 crore but turns Ebitdar positive in FY23
Air India and its former joint venture partner AirAsia Bhd shared the cost of writing off AirAsia India, with Air India accounting for a significant proportion of the write-off
 "Air India writes off Rs 7,000 crore but turns Ebitdar positive in FY23")
Lodha to Sobha: Net debt of India's top realty players down 43% in 3 years
The market share of large listed and large unlisted developers has increased from 17% in FY17 to 36% in FY23.
 "Lodha to Sobha: Net debt of India's top realty players down 43% in 3 years")
Indian traders scoop up cheaper Chinese steel, says industry execs
Indian traders are buying the grades used in automobiles and construction, main drivers of domestic steel demand, the officials and analysts said
 "Indian traders scoop up cheaper Chinese steel, says industry execs")
German law on forced labour to have little impact on India's trade: GTRI
The law called the Supply Chain Due Diligence Act (SCDDA), came into effect on January 1 this year
 "German law on forced labour to have little impact on India's trade: GTRI")
Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore
An industry executive was quoted as saying that an agreement between Reliance and Ed-a-Mamma is likely to be signed in the next seven to 10 days
 "Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore")
G20: Int'l efforts needed to deal with energy insecurity, says Sitharaman
"The policy lessons that have emerged from these issues clearly underpin the need for enhanced international economic cooperation," the minister said
 "G20: Int'l efforts needed to deal with energy insecurity, says Sitharaman")
G20 meet: India, US to explore alternate mechanism to fund renewable energy
Yellen in her statement said US will "look forward to working with India on investment platform to deliver lower cost of capital and increased private investment to speed India's energy transition"
 "G20 meet: India, US to explore alternate mechanism to fund renewable energy")
G20 meet: Around 140 nations close to reaching pact on global tax on MNCs
Proposed two-pillar solution consists of 2 components Pillar One is about reallocation of additional share of profit to market jurisdictions and Pillar Two consists of minimum tax, subject to tax rule
Prez Biden appoints Indian-American biz leader to serve on Export Council
Shamina Singh also serves as Executive Vice President of Sustainability at Mastercard and is a member of the company's Management Committee
 "Prez Biden appoints Indian-American biz leader to serve on Export Council")
Top headlines: Ola advances plan for IPO, Govt's FDI push in space sector
Business Standard brings you the latest headlines at this hour
 "Top headlines: Ola advances plan for IPO, Govt's FDI push in space sector")
G20 FMCBG: Sitharaman for attracting pvt investment to develop urban infra
Debt relief framework: China a stumbling block
 "G20 FMCBG: Sitharaman for attracting pvt investment to develop urban infra")
World Bank should focus on creating a liveable planet, says Ajay Banga
He said that the absence of project de-risking and innovative finance are some of the barriers that have been holding back private investment in sustainable and quality infrastructure
 "World Bank should focus on creating a liveable planet, says Ajay Banga")
From jets to limos, Gandhinagar finds a new place on the world map
Gandhinagar, which is the official city for the finance track, has borrowed forces from the neighbouring districts of Bhuj and Ahmedabad
 "From jets to limos, Gandhinagar finds a new place on the world map")
G20: MDBs need nearly $3 trillion additional spend a year till 2030
It also said that an incremental $500 billion per year by 2030 is needed in official development finance, of which $260 billion should be channeled through MDBs
 "G20: MDBs need nearly $3 trillion additional spend a year till 2030")
Space beyond Chandrayaan: Will Artemis Accords be a game-changer for India?
The moon mission follows up on earlier missions, but the recently signed Artemis Accords with Nasa have the potential to be a bigger game changer
 "Space beyond Chandrayaan: Will Artemis Accords be a game-changer for India?")
DLI scheme 2.0: Centre considers picking up equity in chip design firms
Design companies need to show proof of concept of their design, as well as undertake testing of the design on products before it can identify buyers
 "DLI scheme 2.0: Centre considers picking up equity in chip design firms")
India's global DPI proposal faces resistance from developed nations
Amid fear of losses for Visa and Mastercard, developed countries have flagged that an interoperable global DPI may affect private players
 "India's global DPI proposal faces resistance from developed nations")
Sitharaman for strengthening global architecture to combat financial crimes
Under the G20 Presidency, Sitharaman said, India has taken the lead for building capacity in tax and financial crime investigation in the South Asian region in collaboration with OECD
 "Sitharaman for strengthening global architecture to combat financial crimes")
Companies feel the heat of an unusual summer; demand drops for coal, ACs
Unseasonal rain, high number of heatwave days upend business cycle of several sectors
 "Companies feel the heat of an unusual summer; demand drops for coal, ACs")
Waive late submission fee of nearly Rs 225 crore: Oil companies to RBI
OilMin writes to Department of Financial Services to end impasse
 "Waive late submission fee of nearly Rs 225 crore: Oil companies to RBI")