Reliance Jio, RCom to Sign Spectrum Sharing Deal Next Week: Report

MUMBAI: Reliance Communications (RCom) and Reliance Jio Infocomm (RJIL) are likely to sign spectrum trading and sharing agreements next week. According to sources, as part of the agreement, RCom will receive about Rs. 4,500 crore from RJIL for sale of 800-850 MHz spectrum in 12 circles. The proceeds from the sale will be used to […]

Chinese Mobile Makers Commit Major Investment in ‘Make in India’ Initiative

In a fillip to Prime Minister Narendra Modi’s ambitious ‘Make in India’ initiative, over 100 top Chinese handset and component manufacturers gathered in New Delhi on Wednesday in what could bring $2-$3 billion investment in Indian mobile manufacturing operations in the next two years. Top officials from major Chinese companies such as Techno, Gionee, Coolpad, […]

HDFC’s New Fund Plans Logistics Foray, Targets Raising $500 Million

New Delhi: A new private equity fund of mortgage lender Housing Development Finance Corp (HDFC) will target raising $500 million from offshore investors for domestic property projects, including in warehousing and logistics, a senior company executive said. Asset manager HDFC Property Fund has mainly invested in housing projects through earlier funds but, for the first […]

India’s factory output falls, retail inflation inches up

Hopes of a revival in India’s manufacturing activity after a sharp spike in October were belied, with factory output actually registering a fall in the month after at a four-year low, according to official figures released on Tuesday. To deal a further blow, the annual retail inflation also crept up to 5.61 percent in December. […]

Modi Govt asks India Inc to focus on skilling

MUMBAI: Inviting India Inc to join the government’s initiative of creating skilled manpower, Union Minister Venkaiah Naidu today said the programme will be taken to the block level by creating training centres for various sectors.  “We have the inherent strength (manpower)  but we need to upgrade it. Today there is a huge shortage of manpower […]

10 cities in India that offer low budgt real investment prospects:JLL India

MUMBAI: JLL India on Tuesday released the country’s ten cities that offer great lower budget real investment prospects. They are Hyderabad, Pune, Navi Mumbai, Jaipur, Surat, Ghaziabad, Nagpur, Kochi, Coimbatore and Ahmedabad. “These cities are the nerve centres of the country’s economy and cosmopolitan culture, and draw the most housing demand for numerous reasons like […]

Car sales in India register record numbers in 2015

NEW DELHI: Car sales topped a record twenty lakh units in 2015 as new models and an improved buyer sentiment helped purchases. A full recovery is still some time away as companies hope for a stronger turnaround in the economy to aid volumes. Car sales had been slow over the past few years and managed […]

Commercial coal mining to be thrown open to Pvt firms

Government is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world’s third-biggest coal importer towards energy self-sufficiency. Anil Swarup, the country’s top coal bureaucrat, told Reuters on Friday the government has identified mines it plans to auction, and is […]

RIL to connect small entrepreneurs in Bengal: Mukesh Ambani

Reliance Industries   chairman Mukesh Ambani today said the company would partner small entrepreneurs of West Bengal by providing them connectivity. “In the next phase, we will partner with the small entrepreneurs of the state by providing them with connectivity,” Ambani said at the opening of the two-day Bengal Global Business Summit here. Reliance, through […]

India can add 1.5 per cent growth from its east: Jaitley

Union Finance Minister Arun Jaitley on Friday said the country could add 1-1.5 per cent more to its growth through infrastructural investment and increased public spending, and exuded confidence that the enhanced growth could come from the eastern states. “Today, while the world faces a grave crisis, we in India are still managing, and even […]