Page-39 of Business

India's richest 1% corner 73% of wealth generation: Oxfam Survey

January 23, 2018

According to latest survey released by the international rights group Oxfam, richest 1% in India cornered 73% of the wealth generated in country in 2017. The survey shows worrying picture of rising income inequality. It was released as part of ..

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First NIIF investment: To set up $3-billion platform with DP World

January 23, 2018

The National Investment and Infrastructure Fund (NIIF) has made its first investment by partnering with DP World to create $3-billion investment platform for ports, terminals, transportation and logistics businesses in India. The platform will invest in opportunities in ports sector ..

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Indian economy to grow at 7.4% in 2018: IMF

January 23, 2018

In its latest World Economic Outlook (January 2018 update) released by International Monetary Fund (IMF), India is projected to grow at 7.4% of its gross domestic product (GDP) in 2018 as against China’s 6.8%. The projection makes India fastest growing ..

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India ranked 81st on Global Index of Talent Competitiveness

January 23, 2018

India was ranked 81st among 118 countries in 2017 Global index of talent competitiveness (GTI) list.  India has improved its position from 92nd last year. The index measures ability of countries to compete for talent i.e. how countries grow, attract ..

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India ranked 62nd on WEF’s Inclusive Development Index 2018

January 23, 2018

India was ranked at 62nd place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF). Norway again remained world’s most inclusive advanced economy, while Lithuania again topped list of emerging economies. India’s position is much ..

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ONGC to acquire Government’s entire 51.11% stake in HPCL

January 22, 2018

The Union Government and state-run oil explorer ONGC clinched deal for acquisition of government’s 51.11% stake in Hindustan Petroleum Corporation (HPCL) for a consideration of Rs. 36,915 crore. The deal will be closed by end of January 2018. Earlier empowered ..

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Mercedes-Benz first to launch locally-made BS-VI-compliant car

January 20, 2018

German auto major Mercedes-Benz has unveiled India’s first BS-VI-compliant S Class car produced at its Pune facility. The BS-VI-compliant S Class car was unveiled more than two years ahead of Government’s deadline of April 2020 for switching to new BS-VI ..

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Mauritius was largest source of FDI in India in 2016-2017: RBI

January 20, 2018

According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India. The census yields carry comprehensive information on market value ..

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Maharashtra is India’s first state to launch Public Cloud Policy to speed up e-governance

January 18, 2018

Maharashtra has become the India’s first state to launch Public Cloud Policy, which will allow all government departments to access public cloud. . The step will create business opportunities worth $2 billion while helping the state government departments to shift ..

Vijay Kumar appointed as MD & CEO of National Commodity & Derivatives Exchange Limited

January 18, 2018

Vijay Kumar has been appointed the new Managing Director (MD) and Chief Executive Officer (CEO) of National Commodity & Derivatives Exchange Limited (NCDEX) for three years with effective from January 18, 2018. He succeeded Samir Shah. He has over 25 ..