Shruti Srivastava
Stories by Shruti Srivastava
India considers easing foreign control rule to facilitate national carrier sale
Doing away with a “substantial ownership” clause will enable an overseas stakeholder weigh in on major decisions of local airlines.
India considers changes to its dividend distribution tax to attract foreign capital
The move would be the latest in a series of steps from PM Modi’s government to prop up growth from the lowest in six years.
India considers easing sourcing rules for single brand retail
India is also considering allowing such companies to open online stores before setting up physical shops.
Indian govt to reopen IL&FS books citing auditor mismanagement
A probe by India’s Serious Fraud Investigation Office indicated the lender’s accounts were fraudulent and mismanaged.
Modi government to evaluate Air India deal after sale plan fails
The administration’s most high-profile privatization offer ended in a whimper with no buyers showing interest in the unprofitable flag carrier.
India govt wants control of realty giant Unitech with founder imprisoned
The government is seeking to replace Unitech’s board with 10 of its own nominee directors in the interim.
India: Govt said to plan sale of 26% in BEML to meet deficit goal
India plans to sell a 26% stake in wagon maker BEML Ltd. as well as auction holdings in a clutch of other companies to help meet a record asset-sale t
