Aftab Ahmed
Stories by Aftab Ahmed
India announces mergers of state-run banks to shore up slowing economy
The announcement came as India released data showing its economic growth in the April to June quarter fell to 5%, the weakest in more than six years
Indian government panel calls for ban on private cryptocurrencies
The panel has proposed an official government-backed digital currency in India, to function like bank notes.
Indian govt said to eye tapping foreign lenders for loans to small firms
It is in discussions with multiple foreign lenders, including Germany's KfW Group and the World Bank, to extend lines of credit to small enterprises.
India to raise $2.18b by divesting stakes in 18 PSUs to 75%: Report
A third of the divestment target will be met by the outright sale of state enterprises, including Air India.
India aims to pare stake in state-run firms to minimum in FY20
The government seeks to shore up 1.05 trillion rupees ($15.30 billion) through stake sales in the current fiscal year.
Indian govt to consider relaxing foreign investment rules for several sectors
The government will mull relaxing FDI rules in the aviation, media, animation and insurance sectors, and for single-brand retailers.
India’s PNB likely to take control of small state-run banks
This could be the one of the first decisions to be taken by the new government after election results to be announced on May 23.
