0024 IST, Thursday, July 24, 2014 
Business/Industry
Piramal to sell Vodafone India stake for Rs.8,900 crore
Piramal Enterprises said it will sell its 11 percent stake in Vodafone India for Rs.8,900 crore ($1.48 billion). |
India Inc eyes poll booster to create 2 mn new jobsThe New Indian Express
Banking on a 'stable government' to create more jobs in the current slowdown in the economy, India Inc has said that such a scenario would lead to a 30-40 percent boost for hiring activities.
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IMF sees India recoveryBy Remya Nair / Mint
The International Monetary Fund (IMF) believes the Indian economy will recover this year-something that should bring cheer to consumers, investors, businesses, and, not the least, the new government that will take charge in May. |
OIL's $1 bn foreign bond sale to pay Mozambique block buy
State-run explorer Oil India Limited (OIL) announced it has become the first Indian company to make a foreign currency bond issuance worth $1 billion in its debut US dollar bond sale programme. |
Bharti Airtel, MTN in mobile money service in West Africa
Bharti Airtel has announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso. |
'ISRO examining business model for industries in satellite, rocket production'By Venkatachari Jagannathan
The Indian space agency is working at preparing a business model to partner with industries - public and private - so that they have a higher level of participation in the space sector, said its chief. |
India now only country with legislated CSRBy Gyanendra Kumar Keshri
With the implementation of the new company law from April 1, India has become the only country in the world with legislated corporate social responsibility (CSR) and a spending threshold of up to $2.5 billion (Rs.15,000 crore). |
Bharti Airtel is now Nigeria's second largest telecom operator
Telecom service provider Bharti Airtel has become the second largest operator in Nigeria in terms of customer numbers, according to Nigerian Communications Commission (NCC), the market regulator. |
India Inc expects economy to grow at 5.5 percent next fiscal
The Federation of Indian Chambers of Commerce and Industry (FICCI) said a survey by it pointed to improved economic growth in the next fiscal. |
Hilton to expand in India's tech hub
Hospitality major Hilton Worldwide is expanding its presence in Bangalore, the tech hub of the country, by opening its second hotel in the city's upscale eastern suburb. |
India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years. 
