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US Fed announces plan of $4.5 trillion balance sheet reduction

The US Federal Reserve has kept its interest rate unchanged but announced that it would start unwinding its $4.5 trillion balance sheet from October, a further step to end the loose monetary policy. The post US Fed announces plan of $4.5 trillion...

Big relief for Unitech homebuyers, SC orders payment of compensation in Vistas project in Gurgaon

The sum has been disbursed among homebuyers. A bench of chief justice Dipak Misra finally disposed of the matter after home buyers informed it that they have received the principal amount paid to the developer along with interest at the rate...

Republicans plan healthcare vote, Obama and TV host denounce bill

Senate Republicans announced plans to vote next week on their latest bid to scuttle Obamacare. The post Republicans plan healthcare vote, Obama and TV host denounce bill appeared first on The Financial Express.

Amrapali homebuyers want Jaypee Infra order replicated in their case, approach SC

They want the code to be held ultra vires to the Constitution as being violative of fundamental rights – right to equality and right to life – guaranteed under Articles 14 and 21. The post Amrapali homebuyers want Jaypee Infra order replicated...

Tata Steel plans to rejig part of debt to sustainable levels

Of the balance debt, some portion of around $1.5-2 billion of working capital support lines will also unwind and be replaced by new lines, while the remaining debt will remain with Tata Steel. The post Tata Steel plans to rejig part of debt...

Mahindra and Mahindra eyes half of farm equipment biz revenue from abroad by 2019

The company announced acquisition of the manufacturing and foundry businesses of Turkish tractor company Erkunt Sanayi at an estimated cost of Rs 735 crore at the event. The post Mahindra and Mahindra eyes half of farm equipment biz revenue...

Theresa May, Emmanuel Macron, Paolo Gentiloni push for quick removal of extremist online content

Leaders of France, Italy and the United Kingdom urged social media companies on Wednesday to more swiftly remove “terrorist content” from the internet, with the aim of stopping it from being uploaded in the first place. The post...

Drug prices: Apollo Hospitals’ Suneeta Reddy wants Center to allow flexibility to charge high end customers more

Investments required to match the average global parameters in healthcare is around Rs 14 lakh crore — just for the number of beds per 10,000 people. The post Drug prices: Apollo Hospitals’ Suneeta Reddy wants Center to allow flexibility...

Rs 6,000 cr project: France’s Energie ties up with Dubai’s Abraaj to build over 1000 MW wind power project in India

In 2015, Abraaj had partnered with the Aditya Birla Group to build a 1 GW solar energy platform. It also has a majority stake in a 50 MW wind power project in Pakistan. It has invested over $1 billion in 10 projects globally. The post Rs 6,000...

France’s Emmanuel Macron says hasn’t given up on convincing Trump on nuclear deal

French president Emmanuel Macron said he had not yet given up on convincing U.S. President Donald Trump to change his view of the 2015 nuclear deal between Iran and world powers. The post France’s Emmanuel Macron says hasn’t given...