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After roads, tailwinds favour private sector investment in airports

December 6, 2019December 6, 2019 Loknath DasAfter, favour, In, investment, Private, Roads, sector, tailwinds

Recently, Zurich Airports International AG won the bid to develop and operate the Jewar airport near Delhi for 40 years. The Swiss firm’s bid to share revenue of ₹400.97 per passenger with the Airports Authority of India (AAI) beat competition by a wide margin. But keen participation by leading business firms such as Adani Enterprises Ltd, Delhi International Airports (GMR Group) and international firm Anchorage Infrastructure Investments Ltd shows the rising private sector interest in airports. Naveen Kumar Saini/Mint This follows the recent deal by Tata group with Singapore’s sovereign wealth fund GIC…

Exclusive: Sachin Bansal on his investment strategy, his special interest in finance and the sectors he is bullish about

November 27, 2019November 27, 2019 Loknath Das'Special, and, Bansal, bullish, EXCLUSIVE:, Finance, he, His, In, interest, investment, Is, On, Sachin, sectors, strategy, The

Flipkart co-founder Sachin Bansal, who has turned a devout investor after his exit from the ecommerce company, has turned his attention to the financial services sector. Bansal recently became CEO of Chaitanya Rural Intermediation Development Services, an NBFC focused on providing microfinance to lower economic groups in rural areas after he acquired a 90 percent stake for more than $100 million. Bansal, 37, told CNBC-TV18 in an interview that he is looking at a “long-term stint” at Chaitanya India Finance. “Chaitanya is a 10-year-old company with a target of lower-income…

Germany’s Merkel pledges 1 billion euros investment in India on eco-friendly urban mobility

November 3, 2019November 3, 2019 Loknath Das

German Chancellor Angela Merkel on Saturday pledged to invest 1 billion euros over the next five years on environmentally-friendly urban mobility in India. Merkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasised on the need to replace diesel-run public transport with electric vehicles. “We have agreed to co-operate on climate protection and green urban mobility and have earmarked 1 billion euros towards this,” Merkel said at an event here. Germany would also put in 200 million euros to reform…

Understanding the investment slowdown

September 20, 2019September 20, 2019 Loknath Dasinvestment, The, Understanding

The public sector had a secondary role to play, which, however, had increased in scope during this period. The investment rate in the country has been declining quite significantly over the last six years or so. The gross fixed capital formation (GFCF) rate had peaked at 34.3% in FY12 and then came down to 28.6% in FY18, before registering a marginal recovery to 29.3% in FY19. The story is still an enigma because in the last few years various states have held investment extravaganzas where several MoUs have been signed—for…

Kashmir on edge: Most tourists cancel travel plans, airlines cap flight ticket prices

August 6, 2019August 6, 2019 Loknath DasAirlines, cancel, cap, Edge, Flight, Kashmir, Most, On, plans, Ticket, Tourists, travel

The turmoil in Kashmir has not only cut short the travel plans of pilgrims and tourists currently visiting the state, but also thrown a spanner into upcoming travel plans for the long Independence Day weekend. According to Tourism Kashmir Director Nissar Wani, about 20,000-22,000 tourists were in Kashmir on Friday when the Jammu and Kashmir (J&K) administration issued an advisory asking Amarnath Yatris to cut short their pilgrimage and all tourists to leave Kashmir Valley at the earliest, citing terror threats. As per reports, only a little over 1600 tourists…

These South African jobs will disappear as technology takes over

April 21, 2019 Loknath DasAfrican, As, disappear, Jobs, Over, South, Takes, Technology', these, Will

The National Economic Development and Labour Council (Nedlac) has released a new report looking at how the fourth industrial revolution is set to hit jobs in the country. Overall, respondents were of the opinion that automation, globalisation and demographic change could have a significant impact on their industries, causing some jobs and activities to disappear, while creating opportunities for new jobs and activities to emerge. “The speed and depth of technology adoption drives business growth, new job creation and the need for augmentation of existing jobs, provided it can fully leverage the…