Government urges caution on corporate bond risks

Many businesses do not specify the purpose of their issuance. This lack of transparency poses risks to investors, and this risk of default is intensified when companies issue bonds with higher coupon rates, and in turn use the funds they receive through issuances to pay off bank debts or redeem earlier bonds that have reached […]

Kangana office demolition: Renuka Shahane asks, ‘Do we need the unnecessary drama?’

The morning has been rife with news as well as posts shared online of the BMC officials at Kangana Ranaut’s office premises. A flood of messages on social media have seen reactions for the Brihanmumbai Municipal Corporation’s actions, many castigating their move. Several well-known names have spoken up as well. Actress Renuka Shahane took to […]

Nigeria needs a vibrant Third Sector, but CAMA 2020 will stifle it

To be clear, I am not making a case for an unregulated, free-for-all voluntary sector. But I detest the general approach in CAMA 2020 that seems to suggest that businesses are good things and, therefore, should be supported, but charities, NGOs and religious groups are potentially bad things and, therefore, should be treated with suspicion […]

Suzuki Motor Corporation raises stake in Maruti Suzuki to 56.37%

Suzuki Motor Corporation (SMC) has increased its stake in Indian subsidiary Maruti Suzuki to 56.37% by purchasing shares from the market.Prior to the transaction, Suzuki held 56.28% in Maruti Suzuki.Suzuki purchased 284,322 equity shares valued at Rs 204.31 crore Maruti Suzuki said in a notification to the Bombay Stock Exchange (BSE).Earlier in March this year, […]

PCMC corporator called out for puja in office, flouting rules in pandemic

The prior leader of opposition, NCP corporator Datta Sane, had died tragically of COVID-19 just early last month, after which Misal was taking charge. Wednesday’s ceremony was held in the presence of a couple of priests and close party workers. However, none of them were seen wearing masks or maintaining physical distance. The entire process […]

How to drive the economy by reforming state-owned debt

Also in this period, the state divested VND25.17 trillion (nearly $1.1 billion) and collected VND171.84 trillion ($7.47 billion), which was 6.8 times higher than the book value. Total money collected from equitisation and divestment since 2016 reached more than 218 trillion ($9.47 billion), which is 2.79 times higher than the total revenue from equitisation and […]

Silence from Government and Air NZ raises questions about future ownership

Drawn-out discussions between Air New Zealand and the Government over the company’s future capital structure could be a sign the airline’s majority shareholder is considering taking a bigger stake, or possibly full ownership, of the national carrier, an aviation expert says.

Why 11 policemen will now protect Kangana Ranaut; Here’s all you need to know

The protection: The Ministry of Home Affairs has accorded Y-plus category security cover of armed central paramilitary personnel to Bollywood actress Kangana Ranaut. A spat: The development comes following an online spat between Ranaut and Shiv Sena leader Sanjay Raut after the actress compared Mumbai to Pakistan-occupied-Kashmir (PoK). Raut, writing in the Sena mouthpiece Saamna, […]

New investment methods needed for HCMC’s delayed underground parking projects

For the Tao Dan underground carpark, its first investor, Infrastructure Development Investment JSC, or IDICO, had withdrawn from the project. The Saigon Times discovered that Vietnam’s largest private conglomerate Vingroup also withdrew from two underground parking lots at Tao Dan Park and Hoa Lu Stadium as its proposals were rejected by the city government.

Policy on PPP model needed for intelligent traffic system to reduce road accidents: Gadkari

He added that the World Bank and the ADB are providing ₹7,000 crore each for removing black spots from national highways. “We have already identified black spots on national highways. India has already spent ₹20,000 crore on removing the black spots,” Mr. Gadkari said.