Falafal Technologies Pvt Ltd (FTPL) has paid Rs 7.37 crore as equity value for shares of SIL held by IL&FS Ltd and IL&FS Employee Welfare Trust, in addition to taking over SIL''s fund based and non-fund based financial debt of nearly Rs 650 crore, a release said. … [Read more...] about IL&FS concludes stake sale in education business; cuts consolidated debt by over Rs 650 crore
Business
Andhra Pradesh tops for the third time in ‘ease of doing business’ ranking of states, Union Territories
It was followed by Madhya Pradesh (4th), Jharkhand (5th), Chhattisgarh (6th), Himachal Pradesh (7th), Rajasthan (8th), West Bengal (9th) and Gujarat (10th). Delhi’s position improved to 12th from 23rd in the last edition, while Gujarat slipped from 5th place in 2018. … [Read more...] about Andhra Pradesh tops for the third time in ‘ease of doing business’ ranking of states, Union Territories
Over 70% small, medium businesses in India bat for digital shift to weather COVID-19 impact
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about Over 70% small, medium businesses in India bat for digital shift to weather COVID-19 impact
Laws being put in place to ease business environment for private sector in space segment: ISRO
"We need to do some of the activities to ensure that there is no hardship, so a comprehensive space act is required, as well as the different policies should be in place, and they are in the pipeline, with the opening of the space sector,” ISRO Chairman K Sivan said. … [Read more...] about Laws being put in place to ease business environment for private sector in space segment: ISRO
Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business
Reliance Retail launched an online grocery service named JioMart in May and now sells a raft of items such as electronics, jewellery, apparel and vegetables, among others. It acquired British toy chain Hamleys last year, and also runs the outlets of global brands such as Burberry, Armani and Jimmy Choo, among others, in India. … [Read more...] about Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business
