Shrimi Choudhary
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Government Seeks Fresh Bids For IDBI Bank Sale, Targets Closure In FY27
According to sources, the Centre is aiming to conclude the stake sale in FY27 and expects to realise around Rs 50,000-55,000 crore from the transaction.
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Govt Raises Export Duty On Petrol To Rs 4/Litre, But Trims Levy On Diesel, ATF
The export levy has been fixed at Rs 4 per litre on petrol, Rs 8.5 per litre on diesel and Rs 7.5 per litre on ATF.
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PM Modi Reviews 'Next Phase Of Governance Reforms' In Meeting With 80 Govt Secretaries: Sources
PM chairs nearly four-hour review on governance reforms as ministries present priorities for Viksit Bharat 2047
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CCEA May Approve Landmark Rs 26,000 Crore Emirates NBD-RBL Bank Deal Today
The transaction involves an investment of approximately Rs 26,000 crore ($2.75 billion) by Emirates NBD to acquire a controlling 60% stake in the Indian private lender.
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IRDAI Receives First Wave Of Applications Under 100% Insurance FDI Regime: Sources
The pivot to a 100% FDI automatic route has altered the power dynamics between domestic promoters and global insurance heavyweights.
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Government Denies Reports Of Cochin Shipyard OFS, Says No Stake Sale Planned At Present
Media reports had suggested the Centre could dilute a 6%-8% stake in Cochin Shipyard through an offer for sale to raise more than Rs 16,000 crore.
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HDFC Bank New Chairman: RBI Ex-DG Rajeshwar Rao Tipped To Succeed Keki Mistry
NDTV Profit has learnt from people privy to the information that the bank will shortly submit its recommendations to RBI shortly.
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Dixon Tech Set For Rs 30,000 Crore Boost As Govt Likely To Approve Vivo JV
The management of Dixon Tech has indicated that the deal could represent a Rs 30,000 crore revenue opportunity
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Government's Q1 Disinvestment Receipts Set To Cross Rs 15,000 Crore, Supporting FY27 Fiscal Deficit Target
OFS in Coal India, NHPC, NLC India, Central Bank and GIC Re have helped the government raise nearly Rs 14,000 crore through stake sales so far.
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US Trade Rep To Visit India On June 22 As Both Sides Aim To Lock Trade Deal
"India is hopeful the discussions will help conclude the ongoing trade agreement negotiations," Commerce Secretary Rajesh Agrawal stated.
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Excise Exemption For Higher Ethanol-Petrol Blends Not A Duty Cut, Only Avoids Double Taxation
Officials clarified that the move does not amount to a reduction in excise duty on petrol sold for domestic consumption.
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Big Gold Policy Push Underway As Govt Looks To Unlock Domestic Holdings | Profit Exclusive
The government has initiated consultations with banks and other stakeholders to examine ways to unlock gold available within the domestic ecosystem, sources say.
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Fertiliser Ministry Seeks Additional Rs 3 Lakh Crore Subsidy Support Amid Hormuz Jolt: Govt Sources
The Finance Ministry is currently reviewing the request as global fertiliser prices continue to remain elevated due to geopolitical disruptions and supply chain uncertainties.
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Govt Forgoes Rs 1.23 Lakh Crore To Support OMCs After Petrol, Diesel Duty Cuts: Sources
The aid comes amid a global energy disruption triggered by the West Asia war and blockade of key maritime shipping route Strait of Hormuz.
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Govt, RBI Renew Pitch For Indian Bonds' Inclusion In Bloomberg Index
The push comes months after Bloomberg Index Services deferred a decision on adding Indian bonds to the benchmark.
