Tag: private

We bet on private capex to grow corporate credit, says SBI chairman

By Ira Dugal and Siddhi Nayak MUMBAI (Reuters) – State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country’s largest lender said. The Indian… Continue reading We bet on private capex to grow corporate credit, says SBI chairman

ISRO transfers satellite bus tech to Alpha Design to boost private sector

ISRO on Saturday said it has transferred the IMS-1 Satellite Bus Technology to Alpha Design Technologies Pvt. Ltd in a step towards enhancing private industry participation in the country’s space sector. NewSpace India Limited (NSIL), the commercial arm of ISRO, facilitated the technology transfer through an agreement signed during an event held at… Continue reading ISRO transfers satellite bus tech to Alpha Design to boost private sector

UP to partner private sector investor to develop 1,000 ecotourism villages

Representative Image (Illustration: Binay Sinha) The Uttar Pradesh government will partner private sector investors to develop 1,000 ecotourism villages across the state. This will also help create local job opportunities.  According to UP tourism minister Jaiveer Singh, the state will provide a subsidy of 25 per cent for construction of guest houses. … Continue reading UP to partner private sector investor to develop 1,000 ecotourism villages

SBI reports merely 3% employee attrition, much lower than Private peers

State Bank of India (SBI) on Friday said attrition, including resignations, normal retirements and VRS, among others, at the bank was about three per cent, much less than private sector peers. All put together, there were just 540 resignations and the bank has an employee base of 250,000 during the current year. … Continue reading SBI reports merely 3% employee attrition, much lower than Private peers

India may restrict e-commerce websites from selling private labels

Illustration: Binay Sinha The e-commerce companies may be restricted from selling the private labels produced by companies where they have “significant interest” or which are related parties under the new e-commerce rules, The Times of India (TOI) reported on Friday. The rules and the new policy have been finalised and are expected to… Continue reading India may restrict e-commerce websites from selling private labels

India considers allowing private companies to develop nuclear plants

Rajesh Kumar Singh India’s state-controlled nuclear power industry is considering allowing greater participation of private firms, with an aim to developing small modular reactors to help decarbonize industry. The country is reviewing its six-decade-old atomic energy law to allow more involvement from non-state companies, federal atomic energy minister Jitendra Singh said Wednesday… Continue reading India considers allowing private companies to develop nuclear plants

India considers allowing private companies to develop Nuclear plants

India currently allows private technology and construction in nuclear plants, but operations and fuel management are controlled by federal government companies. (Photo: PTI) By Rajesh Kumar Singh India’s state-controlled nuclear power industry is considering allowing greater participation of private firms, with an aim to developing small modular reactors to help decarbonize industry.   … Continue reading India considers allowing private companies to develop Nuclear plants

Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch

Nifty Private Bank index faces resistance, sideways trend in focus The Nifty Private Bank index (last close: 23,415.70) is currently encountering a near-term challenge with significant resistance expected in the range of 23,550 to 23,650 on a closing basis. Only if the index manages to breach this range, the next resistance level of 23,900 may… Continue reading Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch

Foreign players’ share in private sector capital expenditure declines

Over the past six months, the proportion of foreign companies in private sector investments aimed at the construction of new factories and facilities has diminished. This decline is a result of a surge of significant domestic announcements and a moderate slowdown in foreign capital expenditure plans, although foreign investments remain near peak levels. … Continue reading Foreign players’ share in private sector capital expenditure declines