India Finance and Business news

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Cabinet okays sale of govt's 52.63 per cent stake in REC to PFC
The Indian Express The Cabinet Committee on Economic Affairs Thursday approved strategic sale of the Centre's 52.63 per cent stake in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The deal, similar to ONGC's purchase of the government's... ---

Day after spat on NIA taking over Elgar case, Pawar praises CM
Day after spat on NIA taking over Elgar case, Pawar praises CM On February 14, Pawar had told reporters in Kolhapur that it was not right on part of the Centre to hand over the Elgar Parishad case probe to the NIA from Pune police.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

A confidential note adds another twist to India's NBFC crisis
A confidential note adds another twist to India's NBFC crisisThe govt has made serious efforts to address the issue, but India's shadow banking crisis continues unabated.

Sensex ends 157 points higher on global rebound
Mumbai: The Indian stock market ended higher on Thursday, tracking a US-led global market rebound.IT stocks gained 1.37 per cent and was accompanied by energy stocks. However, banking stocks ended lower.The S&P BSE Sensex settled 157.34 points or 0.44 per cent higher at 35,807.28 after touching an intra-day high of 36,041.24 and a low of 35,781.95.The NSE's Nifty50 gained 49.95 points or 0.47 per cent to finish at 10,779.80.In the past few days, investor sentiments were low on concerns that US President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Trump's key economic adviser Kevin Hassett's reassurances on Wednesday put the issue to rest.According to reports, the US president was unhappy post the US central bank hiking short-term interest rate.

This New Yacht Was Designed for US Boaters
This New Yacht Was Designed for US BoatersThe Sirena 58 Coupé debuted in Miami and features three different layout options and a large swim platform.