Category «Business»

PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore

PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore

By Administrator_India Capital Sands Reliance Retail-Silver Lake deal: Private equity giant signs deal with RIL retail unit after its investment in Jio Platforms earlier this year. Private equity giant Silver Lake Partners will invest Rs 7,500 crore in the retail unit of India’s Reliance Industries Ltd (RIL) in exchange for a 1.75 percent stake. The …

EU lending institution to invest 650 million euros in Kanpur metro rail construction

EU lending institution to invest 650 million euros in Kanpur metro rail construction

By Administrator_India Capital Sands The European Investment Bank said it will invest 650 million euros into the construction of Kanpur’s first metro line, enabling about three million people in the city to benefit from green, fast and affordable public transport. The EIB, in a statement, said the new metro rail system will reduce commuting hours …

Vodafone Idea may clear Rs 500 crore interest dues after moratorium ends

By Administrator_India Capital Sands Stressed telecom major Vodafone Idea may pay interest dues of around Rs 500 crore to lenders in the December quarter. The company has informed lenders it will clear accrued interest on outstanding loans after availing the six-month moratorium, which will end on August 31, according to a report by The Economic Times. Vodafone Idea …

Need to divest governance of PSBs from govt: Former RBI deputy governor

By Administrator_India Capital Sands Former Reserve Bank deputy governor N S Vishwanathan on Tuesday said there is a need to separate governance of state-run banks from the government and pitched for doing away with the nationalisation laws from which the executive derives its powers. Privatisation is a bigger political decision and not an economic one alone, Vishwanathan …

Signs of farm ‘revolution’ in India as coronavirus prompts change

Signs of farm 'revolution' in India as coronavirus prompts change

By Administrator_India Capital Sands For more than two decades, Indian farmer Ravindra Kajal cultivated rice the way his forefathers had – every June he flooded his fields with water before hiring an army of farmhands to plant paddy seedlings. But a scarcity of workers this year because of the coronavirus forced Kajal to change. He …

India posts first trade surplus in 18 years as coronavirus hits imports

Double-digit rise in exports helps India nearly halve trade gap with China

By Administrator_India Capital Sands India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold and other industrial products, reflecting a slowing economy. Indian exports and imports have been falling since March and worsening India-China relations, …

A month into reopening, no clear turn for U.S. economy or pandemic

A month into reopening, no clear turn for U.S. economy or pandemic

By Administrator_India Capital Sands A month into efforts to broadly reopen the U.S. economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed more than 112,000 Americans. Data on cellphone traffic, employee time management and weekly unemployment claims point …

Reliance suffers worst profit fall in over 11 years on weak fuel demand

Reliance suffers worst profit fall in over 11 years on weak fuel demand

By Administrator_India Capital Sands Reliance Industries Ltd, operator of the world’s biggest refining complex, reported a 39% slump in its March quarter profit, the steepest drop since December 2008, as a sharp fall in oil prices and lower fuel demand hammered its dominant energy businesses. The company, India’s largest by market value, posted consolidated profit …

Arun Kumar Saini – Enterprises & Businessman, Group companies with interests in education, real estate, financial services and brand holdings.

Arun Kumar Saini

Arun Kumar Saini born & brought in Village Kushak Hiranki (Delhi) Capital of India. Arun Kumar Saini started taking a keen interest in business when he was 16. He had seen his father, C.S. Saini, working harder in his life & inspiration. After completing Class 10 in 1997, he decided to take a break from …