Budget 2019 is an excellent growth blueprint, says DLF CEO Rajeev Talwar Posted on 6th July 2019 |
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| This Budget is an excellent vision statement to make India a $5-trillion economy. An intermediate goal has been announced for achieving a $3-trillion economy in this financial year. Emphasis on infrastructure, micro, small and medium enterprises and Digital India are going to be key sectors for achieving 8 per cent growth. Provisions for affordable housing and a new rental policy, 19.5 million homes in rural areas, education and monetisation of public sector assets will give impetus to job creation and ease of living. A blueprint for building national grids through Bharat Mala, Sagarmala and highways as well as freight corridors will provide large avenues for investment and fast movement of goods and passenger traffic. Opening various sectors to foreign investment and providing credit to non-banking financial companies from banks will also mean huge liquidity for investment. It is, therefore, a Budget which will provide massive boost to the employment market. But this is a Budget that will also require detailed implementation and close monitoring. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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| Be the first person to write a business review for Budget 2019 is an excellent growth blueprint, says DLF CEO Rajeev Talwar |
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