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Wednesday, July 27, 2016

Jul 27, 2016 - Narendra Modi lures India's top fossil fuel companies to back solar boom

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Narasimha Rao remains one of the most unsung heroes in Indian politics. This article by Charles Assisi explores how he was behind some of the most crucial decisions in India's modern day history. Today, Narendra Modi is surrounded by people he trusts. As opposed to that, Rao surrounded himself with people whose abilities he trusted. But he trusted nobody, except himself. He was a loner. Rao didn't have a faction or a coterie. That made him an ideal consensus leader. He didn't come across as threatening and converted loneliness into a virtue. Modi may do well to learn from him.

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Narendra Modi lures India’s top fossil fuel companies to back solar boom
Narendra Modi lures  India’s top fossil fuel companies to back solar boom - Livemint
Narendra Modi plans to expand clean energy in India to 175 gigawatts by 2022 from 45 gigawatts currently





India link emerges in $3.5 billion forex trading fraud at HSBC
India  link emerges in $3.5 billion forex trading fraud at HSBC - Livemint
Two senior executives have been accused of doing ‘front-running’ by cheating Cairn Energy that was selling part-stake in Cairn India



Succession plan for HDFC Bank in place, says Aditya Puri
Succession plan for  HDFC Bank in place, says Aditya Puri - Economic Times
“We have a very clearly defined succession plan … kuch ho gaya toh there is a successor … there are two three levels below me so dont worry,” the colourful Puri said.



10 new VC investors who are upbeat on Indian start-ups
10 new VC investors who  are upbeat on Indian start-ups - Livemint
The promise of an online retail market that Morgan Stanley sees at $120 billion has attracted a new set of brave souls willing to bet their millions



Cairn India expects merger with Vedanta by March-end
Cairn India expects  merger with Vedanta by March-end - Livemint
“Your company will get access to Vedantas tier-one metal and mining assets, which are well-invested, low cost and have a long life,” Agarwal told shareholders.



Sebi may help in govt's recapitalisation plans for PSU banks
Sebi  may help in govt's recapitalisation plans for PSU banks - Economic Times
The infusion, part of the broader recapitalisation move, will increase in some cases shareholding of the promoter, that is govt, beyond 75% - the limit set by Sebi.



OVL raises $1 billion via dollar bonds for Vankor oil field stake buy
OVL  raises $1 billion via dollar bonds for Vankor oil field stake buy - Livemint
The proceeds will go to refinance a $1.2 billion bridge loan ONGC Videsh had taken from foreign banks to pay for 15% stake in Rosneft’s Vankor



No major exposure to stressed sectors: HDFC Bank
No major exposure to  stressed sectors: HDFC Bank - Economic Times
The bank today reported a 20.2 per cent jump in its net profit at Rs 3,238.9 crore in the April-June quarter as against Rs 2,695.7 crore in the year-ago period.



TN to mobilise Rs 3000 cr: Finance Minister
TN to mobilise Rs 3000  cr: Finance Minister - India Today
TN to mobilise Rs 3,000 cr: Finance Minister



Federal Bank has signed an agreement with Reliance Jio Money for One-Click payment service
Federal Bank has signed  an agreement with Reliance Jio Money for One-Click payment service - Economic Times
Once launched the Banks customers will be able to perform a variety of transactions across numerous merchants in just a click.



India tops chart in financial inclusion progress: BCG
India tops chart in  financial inclusion progress: BCG - Economic Times
The report noted that India also leads the pack in progress on financial inclusion as nearly 200 million people have gained access to financial services.



India among emerging economies becoming exposed to external shocks, says Moody's
India among emerging  economies becoming exposed to external shocks, says Moody's - Economic Times
India with $474 bln in external debt as of 2015 has experienced the 2nd largest rise since 2010. Its external debt to GDP ratio has risen to 23% from 17% in 2005.



Cairn India to continue to finance existing projects to boost hydrocarbon producion
Cairn India to continue  to finance existing projects to boost hydrocarbon producion - Business Standard
During the year, Cairn India's operations helped reduce India's import bill by over Rs 21,000 cr



NDB should focus on creating strong project pipeline: Finance Minister Jaitley
NDB should focus on  creating strong project pipeline: Finance Minister Jaitley - The Indian Express
The Board of Governors also decided that the second annual meeting of NDB will be held in India in 2017.



Will single window help real estate firms get clearances?
Will  single window help real estate firms get clearances? - Livemint
In an annual conference on the real estate sector, developers voice their concerns regarding the approval process



25 years of reforms: How PV Narasimha Rao unleashed India
25  years of reforms: How PV Narasimha Rao unleashed India - Economic Times
Manmohan Singh, the brain behind the reforms as Raos finance minister, said: “I had no idea that Rao was in favour of liberalisation."



Bally may go with Reliance as Bird Group calls it quits

People in the know said Bally is in talks with Reliance Brands, which retails other luxury brands like Ermenegildo Zegna and Brooks Brothers in India.


DIPP to coordinate Amazon's training programme Launchpad for entrepreneurs

Senior executives of the company met DIPP officials to discuss ways for collaboration with the Start-up India programme on Monday.


Tea retail chain startup Chai Point is set to introduce IoT-enabled tea dispensing machines

"It is a utility service we are offering to companies. Unlike regular tea machines, this will provide tea made from natural tea leaves," said Singh.


How Jabong's rocket landed in Flipkart's backyard

Five serious contenders, two months of rigorous meetings and hectic parleying later, Flipkart beat the stragglers, breaking the finishing tape in the race


Flipkart acquires Jabong for $70 million to create India's biggest online fashion retailer

Flipkart acquired Jabong through its fashion retailer Myntra.


No mergers in near future, says Flipkart's Bansal

The management stressed that there will not be any employee retrenchments, mergers or team changes and they need to "synergise and work on positives of Jabong".


Could India Become a Cashless Economy?

Cash is set to lose currency in India, as an explosion in smartphone usage drives a digital payments boom, according to a new report.


Nandan Nilekani backs ecommerce platform ShopX: report

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You can now subscribe to Amazon Prime in India for quicker deliveries every time

Three years after it set up shop in India, ecommerce giant Amazon has launched its Prime Delivery program in the country.


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