Finance minister signals lower rate, cheaper funds
NEW DELHI: Finance minister Arun Jaitley on Wednesday told industry captains that he expects the cost of capital to come down, a statement which CEOs read as a signal to a rate cut in the coming months. The issue of high cost of capital, mounting bad debt in public sector banks and infrastructure... read more »
Air Astana signs code-share agreement with Air India
NEW DELHI: Kazakhstan’s largest airline Air Astana has signed a free flow code-share agreement with state-run airline and Star Alliance member Air India. “As a state-run airline and Star Alliance member carrier, Air India feels honoured to enter into this code-share agreement with Air... read more »
India needs $250bn over 5 years to meet energy needs
NEW DELHI: Power minister Piyush Goyal said on Thursday $250 billion of investment was needed over the next five years if the country was to meet an expected doubling of energy consumption and provide power for all its 1.2 billion people. Goyal, who estimated India’s total power consumption... read more »
Infosys to hire over 2,100 people in US to boost business
Bangalore: Infosys Ltd, India’s second largest software services exporter, on Thursday said it would hire more than 2,100 people in the US. Of these, 1,500 will be experienced professionals, while the rest will be hired from American colleges and universities. The hirings will help the company... read more »
