Aftab Ahmed
Stories by Aftab Ahmed
India asks eight state firms to consider share buybacks this year to rein in fiscal deficit
Fiscal deficit target of 3.5% of GDP for 2020-21 seems too ambitious.
India: Mubadala said to be in talks to invest up to $1b in Reliance Retail
Reliance Retail has secured around $1.8 billion in the past few weeks.
Rosneft, Aramco unlikely to bid for Indian refiner BPCL due to weak oil demand
However, Rosneft may be interested in BPCL's fuel depots and fuel stations.
India’s plan to privatise refiner BPCL may be delayed, worsening fiscal deficit
The government's 53.29% stake could fetch $8-10b.
India plans to fast track review of Chinese investments after policy change
Auto firms such as SAIC’s MG Motor and Great Wall, and Alibaba and Tencent have placed major bets on India.
Chinese investors find India’s new foreign investment rules perplexing
Chinese firms' existing and planned investments in India stand at more than $26 billion.
India’s new rules for FDI may open new flashpoint with China
The recent changes to federal rules on investment are meant to curb opportunistic takeovers and acquisitions.
India mulls e-commerce regulator, tighter controls under new policy
The regulator will be empowered to seek any information from companies to enforce the new e-commerce policy.
India plans new law to safeguard foreign investment
The move is aimed at attracting more capital from overseas to boost stuttering domestic growth.
Government aims to sell debt-laden Air India, other PSUs by March 2020
The government planned to sell BPCL, Container Corp of India Ltd and Air India before the end of the 2019-20 fiscal.
