India Archives - Pinfaves

After Indigo, now Jet Airways opts out of Air India disinvestment process

January 25, 2022January 25, 2022 Loknath DasAfter, Air, Airways, disinvestment, India, Indigo, Jet, Now, of, opts, Out

Less than a week after budget airline IndiGo rescinded its interest from participating in the disinvestment process of debt-laden Air India, Mumbai-based full-service carrier Jet Airways also said it will not take part in the strategic sale. Another low-cost airline SpiceJet had already pulled itself out of the race even before the preliminary information memorandum was issued and has maintained its stance even after the Centre formally invited expressions of interest. “We welcome the government’s move to privatise Air India. It is a bold step. However, considering the terms of…

Nippon India Mutual Fund marks down its investment in Yes Bank to zero

March 7, 2020March 7, 2020 Loknath DasBank, Down, Fund, In, India, investment, Its, Marks, Mutual, Nippon, to, yes

NEW DELHI : Nippon India Mutual Fund on Friday said it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of ₹2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said. The announcement came hours after Yes Bank was placed under a…

Digital media to garner 65% of ad investment in India this year: GroupM

February 10, 2020February 10, 2020 Loknath Das65%, Ad, Digital, garner, In, India, investment, Media, of, This, to, Year

Print still relevant to advertisers wanting to build credible brands Advertising investment in India is set to soar to ₹91,641 crore this year, representing an estimated growth of 10.7 per cent for 2020, according to GroupM, the media investment group of WPP, in its advertising expenditure (adex) forecasts for 2020. Even with an overall slowdown in the global economy, Indian media spends are expected to be between low to moderate in H1, with robust growth anticipated in H2 2020. India is the eight-largest market globally and is the largest contributor to…

Livingfoodz.com rises in the ComScore India report for Lifestyle

January 12, 2020January 12, 2020 Loknath DasComScore, for, In, India, Livingfoodz.com, Report, Rises, The

livingfoodz.com, the digital arm of LF -India’s premium multi-platform lifestyle brand from the Essel Group with presence in TV, Digital and Events has hit the 2. 4 Mn users mark in December, 2019. Securing the top 10 position (excluding food ecommerce) in comScore has placed livingfoodz.com ahead in lifestyle over many legacy players owing to its unique content, its distinctive focus on trends and Tv catch up. Speaking to the curious at heart who love to explore, travel and live life to the fullest; livingfoodz.com caters to the adventurous foodie,…

India can explore $82 bn export potential in 20 products in China: Report

January 4, 2020January 4, 2020 Loknath Das'Explore', 20, 82, bn, Can, China, Export, In, India, potential, Products

India can explore an annual $82-billion export potential in twenty products, including electrical equipment and ferro alloys, in the world’s second largest economy China, according to a report. Indian exporters have a competitive advantage as far as these twenty goods are concerned. Currently, India meets only 3.3 per cent or $2.7 billion of the total annual import demands of $82 billion for these 20 products in China. India’s exports of these 20 products are worth around $15 billion to the world, which is 4.5 per cent of the country’s annual…

Political stability makes India an investment hub: PM Modi urges NRIs to invest in J&K

August 25, 2019August 25, 2019 Loknath Dasan, hub:, In, India, Invest, investment, Makes, Modi, NRIs, PM, political, stability, to, Urges

Prime Minister Narendra Modi on Saturday said “political stability and predictable policy framework” have made India an “attractive” investment destination as he urged the Indian business leaders in the UAE to invest in Jammu and Kashmir, which he said could emerge as the country’s growth engine. Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India’s economic growth. Highlighting the economic opportunities in India, he said, “Political stability and predictable policies framework are key driving…