New Delhi: The Cabinet Committee on Economic Affairs (CCEA) is likely to consider Mylan Incs proposal to acquire Agila Specialities for $1.6 billion,at its next meeting. The finance ministry has cleared the proposal to that will augment foreign exchange inflows in the brownfield pharma sector.
Tina Ambani seeks exemption in 2G case
NEW DELHi: Tina Ambani,who has been summoned as prosecution witness in the 2G case on Monday moved a Delhi court seeking exemption from personal appearance on August 23 citing prior commitments.
RBI hikes FDI cap in ARCs to 74%
NEW DELHi: The Reserve Bank on Monday hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) to 74 per cent from the earlier cap of 49 per cent.
NTPC in R490 cr loan pact with Central Bank
NEW DELHi: NTPC has signed a term loan agreement for Rs 490 crore with Central Bank of India. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The loan facility has been extended at the base rate of the bank. PTI