Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS…
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India is expected to extend a key support scheme for export credit to boost its export sector, which has been hit hard by a slowdown in developed countries. The commerce and industry ministry has proposed an extension of the interest…
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There must be review and monitoring, including through robust IT tools and databases, when it comes to FDI from countries of concern, highly placed sources told ET. Once a system is in place, disposal of cases should take place through…
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The Indian government may delay the planned privatisation of state-run general insurers, instead focusing on strengthening three insurers – Oriental Insurance Co. Ltd, National Insurance Co. Ltd, and United India Insurance Co. Ltd – through capital support and business revival…
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India has launched several initiatives to attract investments to the country, presenting itself as an alternative manufacturing destination to companies seeking a China+1 supply chain shift. The IT hardware and mobile phone programmes have seen success. The Centre is hopeful…
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“There is a strategic reason for not making any equity infusion even as organisational changes are being made,” said one of the persons. “However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are…
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