The much-hyped Delhi-Mumbai Expressway project will now be implemented through a Special Purpose Vehicle (SPV). On August 13, the National Highways Authority of India (NHAI) said it has formed an SPV to carry out financing, construction, and operations of the `82,514-crore project. The SPV, na...
Amidst the present global economic slowdown triggered by the pandemic, retail chain D-Mart has said that it has recovered 80% of its pre-lockdown business in stores that can function unhindered. The news that the grocery retail chain could bounce back after a few weeks of uncertainty and poor sales ...
The border clash in the Galwan valley between Indian and Chinese soldiers was sure to take its toll on trade between the world’s second and fifth largest economies. Even if the ban on 59 Chinese mobile apps by India is ignored, there are clear indications that India has taken a tough stance agains...
The Supreme Court (SC) of India on March 4, 2020, struck down the restrictions imposed on Indian banks by the Reserve Bank of India (RBI) that said that the banks should not facilitate or engage in any transactions in Bitcoin or in any other type of cryptocurrency. The RBI had brought in a circular ...
The Adani Group on February 14, 2020, signed agreements with the Airport Authority of India (AAI) for operations, management, and development of Mangaluru, Ahmedabad, and Lucknow airports. According to the agreements, the group will run these airports for 50 years since the start of their commercial...
In a cabinet decision on January 22, the Maharashtra state government allowed shops, malls, and eateries to remain open 24x7. Maharashtra tourism minister Aaditya Thackeray, who had floated this idea a few years back, said the decision will “boost the nightlife in the city” and strengthen Mumbai...
The geo-political tension triggered by the killing of Iranian Islamic Revolutionary Guards Corps’ (IRGC) top military leader Qasem Soleimani and the subsequent retaliatory missile attacks on American military bases in Iraq by Iran has brought many countries including India to the edge. Thoug...
Just when India’s corporate world seemed to conclude the year without recording anything significant, a National Company Law Appellate Tribunal (NCLAT) ruling staged one of the biggest upsets in India’s corporate history. On December 18, NCLAT pronounced its judgment on the removal of Cyrus Mist...
