Kotak Mahindra BankNSE -0.36 % Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 percent from 43 percent. The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank. [“source=economictimes.indiatimes”]
Read MoreNEW DELHI: The flow of foreign direct investment into India is dropping and may suffer its first full-year decline since Prime Minister Narendra Modi came to power in 2014. The reversal from strong numbers in Modi’s initial years in charge may indicate that investors are being deterred by the government’s recent protectionist policies and uncertainty about this year’s general election result. Inbound foreign direct investment (FDI) dropped 7 percent to $33.5 billion in the nine months between April and December 2018, compared with $36 billion in the year-earlier period, according to figures released over…
Read MoreGross fixed capital formation (GFCF) grew strongly at 8.3% and 9.3% in FY17 and FY18 respectively, and is projected to accelerate at 12.2% in FY19. The recent GDP revisions for 2016-17 and 2017-18 would have surprised even an ardent supporter/admirer of the Central Statistical Office (CSO). Unwittingly though, it has made the lives of doubters like this author a lot easier! For, those who repeatedly pointed to the dissonance between these GDP estimates and other lead indicators can now assert with reasonable certainty that the Indian economy has two parallel…
Read MoreYou need to study hard if you want to score high grades in school or exams. Here are five simple yet healthy ways to improve your memory, help you stay awake while studying for exams. 5 healthy tips to help you stay awake while studying for exams | Photo Credit: Thinkstock New Delhi: Studying for long hours can be a challenging task for many students, especially after a long day of classes. The fact is that you need to study hard if you want to score high grades in school or exams.…
Read MoreThe UK’s Department for Work and Pensions is drawing up plans for an internal service that allows it to automate slurps of medical data on claimants to dole out health-related benefits. In an ad posted on the UK’s Digital Marketplace, DWP said the work was currently in alpha and it now wanted a supplier to deliver a technical proof of concept to expose NHS data to the department’s systems. The aim, it said, is to cut down the time and cost involved in gathering information the department needs to make a…
Read MorePakistan and Saudi Arabia on Monday held a joint business conference to strengthen bilateral economic ties, a day after they signed seven agreements worth USD 20 billion to promote trade and investment in the cash-strapped South Asian country. Saudi Crown Prince Mohammad bin Salman, who is also Saudi Arabia’s defence minister, arrived on his maiden trip to Pakistan on Sunday. He will arrive in India on February 19 on his first official visit. Counterterrorism and energy security are expected to top the agenda for discussions during the two-day trip. Pakistan…
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