New Delhi, Nov 29 (PTI) Following are the top business stories at 1900 hours: DCM10 BIZ-DHFL-ADANI Can improve DHFL offer, forfeit deposit of those against recovery of public money: Adani New Delhi: Billionaire Gautam Adani's roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money.
DCM18 BIZ-FINMIN-INSURANCE Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources New Delhi: The finance ministry has asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses to improve their financial health, sources said.
DCM23 BIZ-FDI SOURCE US second biggest FDI source for India during Apr-Sep 2020 New Delhi: The US has emerged as the second biggest source of foreign direct investment (FDI) into India, replacing Mauritius, during the first half of the current financial year, according to data of the commerce and industry ministry.
DCM26 BIZ-GST-VERIFICATION CBIC asks for physical verification of biz granted deemed GST registration between Aug 21-Nov 16 New Delhi: The CBIC has asked field offices to carry out physical verification of premises of businesses which have been granted deemed GST registration between August 21 and November 16 to ascertain that they have genuine business or intend to carry out so.
DCM24 BIZ-RBI-POLICY RBI likely to maintain status quo for 3rd straight time on inflation concerns New Delhi: The Reserve Bank is likely to keep the benchmark interest rates unchanged in its next monetary policy review in view of heightened retail inflation which has persistently remained above its comfort level, feel experts.
DCM22 BIZ-LD IPO-MARKET Cos raise Rs 25,000 cr via IPOs in 2020 so far; next year expected to be equally strong New Delhi: High liquidity and robust interest from investors helped companies raise nearly Rs 25,000 crore through initial share-sales this year so far and 2021 is expected to be equally strong for the IPO market, experts said.
DCM13 BIZ-FPI-INFLOW FPIs net buyers for 2nd consecutive month in Nov, invest record sum of Rs 60,358 cr in equities New Delhi: Foreign portfolio investors (FPI) remained net buyers for the second consecutive month in November by pumping in a whopping Rs 62,951 crore in Indian markets.
DES14 AVI-AIRASIA PLANES AirAsia India plans expansion; to induct 3 more A320 neos by June 2021 Mumbai: Budget carrier AirAsia India plans to add three more Airbus A320 neo planes by June next year as part of its fleet and network expansion.
DCM31 BIZ-CAIT-PM-ECOMMERCE CAIT writes to PM, alleges violation of FDI norms by e-commerce cos New Delhi: Traders' body CAIT on Sunday wrote to Prime Minister Narendra Modi seeking 'strong action' against e-commerce firms for alleged violation of FDI policy by them.
DCM25 BIZ-TELECOM-ITU-5G ITU completes evaluation of 3 new 5G-related technologies, including submission by TSDSI New Delhi: Three new technologies including '5Gi' submitted by the Telecommunications Standards Development Society India (TSDSI) have completed 'successful evaluation' and conform with rigorous performance requirement, according to International Telecommunication Union (ITU) statement. PTI RVK