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- Tax dept lifts freeze on India dividend payout, Cairn Energy says
Indai’s tax department, however, continues to bar Cairn Energy from selling its residual 9.8% stake in Cairn India
- Google backs UK-based payments company Currencycloud
The cash injection, which brings the total raised by Currencycloud to $61 million, will be used to support the company’s global expansion plans
- Ferrari unveils 812 Superfast, its fastest production car ever
At the Ferrari 812 Superfast specifications include a 12-cylinder engine spitting out 800 bhp that power the hypercar to 100 km/hour in 2.9 seconds
- Cabinet approves deal with ADNOC for strategic oil storage
India imports most of its oil needs and ADNOC will supply about 6 million barrels of oil to the facility in Mangalore
- Geneva Motor Show: Car makers focus on technology, not consolidation
At the Geneva Motor Show, the rise of electric vehicles, self-driving cars and ride sharing is set to eclipse big mergers such as PSA Group’s purcha
- Renewable energy firm Bhoruka Power in talks to raise $120 million
Bhoruka Power MD S. Chandrasekhar will use the funds to increase renewable energy capacity to 1GW by 2020
- SoftBank said to sell 25% stake in ARM to Vision Fund
SoftBank will receive about $8 billion for the shares. The transaction will be separate from the $25 billion the Japanese firm plans to contribute to
- Steel exports shoot up 150% in February, imports fall 46%
The jump in steel exports comes at a time when the govt is providing extensive support to the domestic industry by way of trade remedial measures, inc
- Elon Musk brainchild Hyperloop in GCC sovereign wealth funds talks
Hyperloop Technologies seeks to bring the super-fast transportation system to the Persian Gulf and raise $300 million from global investors over six
- GM India to cease Halol plant production on 28 April
General Motors India consolidates manufacturing at Talegaon in Maharashtra
- Microfinance firms seek RBI nod to extend loan tenure
Microfinance lobby group MFIN petitions RBI to extend tenure of loans that were due between 1 November and 31 December by three months
- PFC to lend Rs2,704 crore to Bengal’s Power Development Corp
The loan to West Bengal Power Development Corp. is for building a 660 megawatt super critical power plant
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