The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country. The government plans to sell its residual stake in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of the ambitious ₹ 2.5 lakh crore asset monetisation pipeline identified to raise additional resources, sources said. Sale of Airport Authority […]

Creating suitable talent pool vital: Microsoft India president There’s a huge opportunity to position India as a global hub for data and artificial intelligence (AI), enabling investment, jobs and innovation, says Anant Maheshwari, president, Microsoft India. Excerpts: How prepared are enterprises today in a pandemic-stricken marketplace? Across every industry and sector, we’ve seen years’ worth of digital transformation happen over […]

‘Cairn set up tax abusive structure, did not pay taxes anywhere on gains in India’ India is in the process of filing an appeal against an arbitration panel ruling asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident of addressing them and will strongly […]

March is Women’s History Month, so it’s an appropriate time to ponder: what can women entrepreneurs do to get ahead? I’ve worked with entrepreneurs for nearly three decades, both women and men, in small towns and big cities. In most respects, male and female business owners – whether running small businesses or launching visionary ventures – are pretty similar.  On […]

The longer your investment horizon, the better At the current juncture, when interest rates are threatening to move upwards, there is a question among investors — which funds are appropriate and which funds should one exit. Before we discuss the guidance part, let us look at some relevant facts for ease of understanding. The 16 debt fund categories are defined […]

It now imports 8,000 units from China State-owned Container Corporation of India Ltd. (Concor) on Friday said it plans to source its annual requirement of about 8,000 containers, which till now were being imported from China, solely from domestic manufacturers. Concor, that spends about ₹200 crore annually on procurement of containers, had already given a developmental order for 1,000 containers […]

‘A ban may hit hundreds of techies, crypto entrepreneurs’ There is some amount of ‘secrecy’ around the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, a new regulation expected to be cleared by the Centre soon, the Internet and Mobile Association of India (IAMAI) said. “We don’t understand what is so secretive about this bill that is in the […]

Personal mobility demand drives sales Leading car makers Maruti Suzuki, Hyundai and Tata Motors reported robust sales growth in the domestic market in February as the demand for personal mobility amid the COVID-19 pandemic continued to drive the market. Others, including Toyota Kirloskar Motor (TKM), Mahindra & Mahindra, and Honda Cars India, also reported strong wholesale dispatches to dealers last […]

Option of appeal did not figure in Pandey’s talks with U.K. firm’s CEO, say sources The Centre is likely to file an appeal against the $1.4 billion international arbitration award won by Cairn Energy in a tax dispute, even as the issue did not figure during two-days of talks the Finance Secretary held with the company officials to look for […]