Author: By NBM Team

PayU acquires BillDesk for $4.7 billion

NEW DELHI: In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion (about Rs 34,376.2 crore). With the deal, the Netherlands-incorporated Prosus NV”s investment in India will jump to more than USD […]

Supreme Court directs demolition of Supertech Emerald’s twin 40-storey towers in 3 months

NEW DELHI: The Supreme Court on Tuesday directed demolition of twin 40-storey towers of Supertech’s Emerald Court project in NOIDA here for violation of building by-laws. The apex court directed that the entire amount of home buyers be refunded with 12 per cent interest from the time of the booking and the Residents Welfare Association […]

Bihar-born Pankaj Kumar appointed as new chief secretary of Gujarat

AHMEDABAD: Odisha-born senior IAS officer Pankaj Kumar has been appointed as the new Chief Secretary to the Gujarat government, an official from the state General Administration department said on Friday. A 1986-batch IAS officer, Kumar (59) will replace Anil Mukim, who is retiring from service on August 31, and will take charge on the same […]

Farmers’ national convention to mark 9 months of protest begins at Singhu border

NEW DELHI: The national convention by farmers to mark completion of nine months of their agitation against the three contentious farm laws began at the Singhu border on Thursday. The two-day-event that will see participation from 1,500 delegates across organisations of farmers, women, youth, and labourers, is aimed at intensification and expansion of the ongoing […]

Inviting applications to set up International Trade Financing Services Platform at GIFT IFSC

The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India. IFSCA vide circular dated 9th July 2021 issued the framework for setting up of International Trade Financing Services Platform (“ITFS”) at […]

‘Modi government in process of selling India’s crown jewels,’ says Rahul Gandhi on NMP

NEW DELHI: Congress leader Rahul Gandhi on Tuesday slammed the Centre’s move to monetise its assets across key sectors, saying the Modi dispensation is in the process of selling India’s “crown jewels” built by previous governments with public money over 70 years. Addressing a press conference here with former Union finance minister P Chidambaram, he […]

Eldeco Group, HDFC Capital set up Rs 150 crore affordable housing platform

NEW DELHI: Eldeco Infrastructure and Properties Limited (EIPL), has announced that it has partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) – a fund managed by HDFC Capital Advisors Limited, to form a platform focused on the development of low-rise, plotted development projects in Tier 2 cities in National Capital Region (NCR) […]

India to monetise 25 airports over 4 years, to fetch Rs 20,782 crore

NEW DELHI: The government of India is looking to monetise 25 AAI-managed airports, including Varanasi, Chennai, Nagpur and Bhubaneshwar, over the next four years, which could bring in investments worth Rs 20,782 crore. Further, divestment of Airports Authority of India’s (AAI) residual stake in four airport JVs has also been considered under the national monetisation […]

India eyes Rs 35,100 crore from partial sale of Bharatnet network, tower infra

NEW DELHI: The government of India expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets […]

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