This makes Indian bonds less attractive to foreign investors

Bond yields slide as reports tout progress in global listing of Indian debt

Government bonds, bond yield

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Adani, Adani Group

RBI says widening due to higher trade deficit, lower surplus in net services and decline in private transfer receipts

current account deficit

Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather as on Thursday

electric scooter

As markets anticipate inclusion of the debt in other indexes, including the Bloomberg Global Aggregate, the flows could rise to $50 billion by the end of next year

ICICI Bank

India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday.
IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations.
The airline connects 32 international and 81 domestic destinations.
According to Elbers, India is an incredible and one of the most competitive aviation markets in the world.
IndiGo is going through a "maturing phase", he said and stressed on the need for having aviation hubs in India, which is under served.
Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital.

Pieter Elbers

Prime Minister Narendra Modi said on Tuesday that the passage of the women's reservation bill in Parliament's new building has heralded a new future for the country, asserting that it is his government's policy to open news doors for girls.
Addressing a Rozgar Mela after distribution of appointment letters to over 51,000 new employees in different government departments through a virtual event, Modi also emphasised on growing use of technology in governance.
The use of technology in government schemes has curbed corruption and complexities, and boosted credibility and comfort, he told the new employees.
He asked them to work with the motto of "citizens-first" and deploying technology to improve governance, citing its use in direct benefit transfers to beneficiaries of various schemes, booking of train tickets and digital locker among other fields.
The prime minister said his government works with a new mindset based on constant monitoring, mission mode implementation and mass ...

PM Modi in Lok Sabha

The earlier draft of the policy which was released in 2019 talked extensively about the ways in which e-commerce companies could collect user data

Online shopping, e-shopping, e-commerce, digital

The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors.
As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares.
The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents viz., (i) Comparable Company Multiple Method, (ii) Probability Weighted Expected Return Method, (iii) Option Pricing Method, (iv) Milestone Analysis Method, and (v) Replacement Cost Method.
Nangia & Co LLP Partner Amit Agarwal said the amendments to Rule 11UA of the Indian Income Tax Act bring positive changes by offering taxpayers flexibility through multiple valuation methods, simplifying the ...

startups

A lookout circular (LOC) has been issued against former Punjab finance minister Manpreet Singh Badal, who has been booked in connection with alleged irregularities in the purchase of a property in Bathinda, a top official of the Punjab Vigilance Bureau said on Tuesday.
The LOC was issued on Monday after teams of the Punjab Vigilance Bureau conducted raids at the residence of Badal, who joined the BJP after quitting the Congress in January, in Muktsar to nab him.
The Punjab Vigilance Bureau has registered a case against Badal and five others in connection with alleged irregularities in the purchase of a property in Bathinda.
Besides Badal, former Bathinda Development Authority (BDA) chief administrator Bikramjit Shergill, Rajiv Kumar, Amandeep Singh, Vikas Arora and Pankaj have been booked in the matter.
Rajiv Kumar, Amandeep Singh and Vikas Arora have already been arrested.
The vigilance bureau had launched an investigation into the matter based on former MLA Sarup Chand Singla's 

Manpreet Badal

Every town, Gram Panchayat, all sectors of the government like civil aviation, railways and public institutions will be facilitating cleanliness events led by citizens

PM Narendra Modi

Every business needs a loan to flourish and grow and the need is more if it is a new business or startup. The government has issued several loan schemes to help MSMEs. Check details below

retail loans, lending, banks, cash, banking

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday

farmers protest, rail roko

Saketh and Ramkumar registered a loss by 4-6 4-6 to the Chinese Taipei duo of Yu-hsiou Hsu and Jason Jung

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PM Modi calls for cleanliness drive on Oct 1 ahead of Gandhi Jayanti

Business loans for startups and new businesses by the Indian government

Air India completes acquisition of its 1st A350 aircraft through GIFT City

Punjab farmers continue three-day 'rail roko' agitation over MSP demand

Asian Games: Duo Saketh-Ramanathan bow out with silver in tennis final

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India-US bond yield spread falls to lowest level in more than 17 years

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn

Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game

ICICI Bank sees $10 bn of flows before India's entry to global bond index

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