As the year draws to a close and most people may be in holiday mood. But a lot of action is expected from the government which is set to unleash several big-ticket announcements over the next few weeks, says a report; changes in land acquisition law through an ordinance is among them. The government is eyeing nearly 18 lakh acres of land available with various state-run companies, to quickly get manufacturing and infrastructure projects off the ground, says a report.
Finance Minister Arun Jaitley has said that immediate challenges before the Government is to increase the growth rate as it will boost both the economic activities and the revenue collections. A Make in India seminar in Delhi today being attended by Prime Minister Narendra Modi, will also see some noises on what states can do.
The outlook is a positive start. Oil is moving higher. Asian indices are mostly positive. Japan's Nikkei is up 0.40% while Hong Kong's Hang Seng index has gained over 2%. China's Shanghai index is also close to 2% higher.
Algeria's oil minister has called on OPEC to cut production and raise the price of oil, says a report. Meanwhile, Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, a report stated
Members of Greece’s parliament will cast their ballots at noon in Athens with Samaras needing 180 votes in the 300-seat chamber to appoint his nominee, Stavros Dimas, as head of state.
The Dabhol power project’s management, its promoters NTPC and the Maharashtra state government are opposing the plan of lenders and the central government to sell the plant’s liquefied natural gas (LNG) terminal to pare its 8,500 crore debt. NTPC and GAILIndia own 32.74% each of Ratnagiri Gas and Power (RGPPL), while the Maharashtra State Electricity Board has a16.94% stake. ICICI Bank, IDBI Bank, State Bank of India (SBI) and Canara Bank collectively hold 18.12%, a report stated.
Petronet LNG could be in action as it is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Glenmark Pharmaceuticals is reportedly set to out-license its molecule for pain management. Lupin is reportedly looking at acquisitions in various global markets.
Reliance Capital will consider giving up to 10 % stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank, a report stated.
Companies headed for an initial public offering (IPO) will have more legroom to sell shares to foreign investors, according to a report.
The disappearance of the AirAsia flight between Indonesia and Singapore on Sunday will have a major impact on perception and demand for the carrier globally, including in India, said executives at travel companies and airlines.
Finance Minister Arun Jaitley has said that immediate challenges before the Government is to increase the growth rate as it will boost both the economic activities and the revenue collections. A Make in India seminar in Delhi today being attended by Prime Minister Narendra Modi, will also see some noises on what states can do.
The outlook is a positive start. Oil is moving higher. Asian indices are mostly positive. Japan's Nikkei is up 0.40% while Hong Kong's Hang Seng index has gained over 2%. China's Shanghai index is also close to 2% higher.
Algeria's oil minister has called on OPEC to cut production and raise the price of oil, says a report. Meanwhile, Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, a report stated
Members of Greece’s parliament will cast their ballots at noon in Athens with Samaras needing 180 votes in the 300-seat chamber to appoint his nominee, Stavros Dimas, as head of state.
The Dabhol power project’s management, its promoters NTPC and the Maharashtra state government are opposing the plan of lenders and the central government to sell the plant’s liquefied natural gas (LNG) terminal to pare its 8,500 crore debt. NTPC and GAILIndia own 32.74% each of Ratnagiri Gas and Power (RGPPL), while the Maharashtra State Electricity Board has a16.94% stake. ICICI Bank, IDBI Bank, State Bank of India (SBI) and Canara Bank collectively hold 18.12%, a report stated.
Petronet LNG could be in action as it is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Glenmark Pharmaceuticals is reportedly set to out-license its molecule for pain management. Lupin is reportedly looking at acquisitions in various global markets.
Reliance Capital will consider giving up to 10 % stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank, a report stated.
Companies headed for an initial public offering (IPO) will have more legroom to sell shares to foreign investors, according to a report.
The disappearance of the AirAsia flight between Indonesia and Singapore on Sunday will have a major impact on perception and demand for the carrier globally, including in India, said executives at travel companies and airlines.
No comments:
Post a Comment