Lenders from the Dewan Housing Finance Corporation (DHFL) voted overwhelmingly in favor of the resolution plan presented by the Piramal group on Friday, paving the way for a radical turnaround for the bankrupt company. While Piramal’s offer received 94 percent of the votes, the US-based Oaktree Capital plan garnered just …
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The Government of India has announced new guidelines for Direct-to-Home Services (DTH) in the country, as well as updated licensing rules for DTH operators. The big changes in the new guidelines issued by the Ministry of Information and Broadcasting include those for the license term, infrastructure exchange, and foreign direct …
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The government will go ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Noting that the flow of FDI to India is much higher compared to other emerging economies, he said that India’s strong macroeconomic fundamentals, the …
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MUMBAI : India posted a record current account surplus of $ 19.8 billion in the April-June quarter due to falling imports. The quarter also saw a decline in net foreign portfolio and foreign direct investment, while remittances from foreign workers fell. The current account surplus increased sharply to 3.9% of …
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