Indian Economy: News and Discussion

Haldilal

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Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
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Ya'll Nibbiars

 

Haldilal

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Ya'll Nibbiars

IRB Infrastructure Developers Limited has executed an investment agreement with Cintra INR Investments BV Cintra, Mr. Virendra D. Mhaiskar, IRB Holding Private Limited formerly known as Mhaiskar Ventures Private Limited and certain other members of the Promoter and Promoter Group of the Company 'Cintra Investment Agreement. The Cintra Investment Agreement records the terms and conditions on the basis of which Cintra has agreed to subscribe to the Equity Shares of the Company. The total subscription amount aggregates to a maximum of INR 3180,22,19,509.48 Indian Rupees three thousand one hundred and eighty crores twenty two lakhs nineteen thousand five hundred nine and Paise forty eight.

In terms of the Cintra Investment Agreement, the Company is required to issue and allot not less than 11,65,26,032 eleven crores sixty five lakhs twenty six thousand and thirty two Equity Shares and up to 15,01,59,212 fifteen crores one lakh fifty nine thousand two hundred and twelve Equity Shares, at a price of INR 211.79 Indian Rupees two hundred eleven and Paise seventy nine per Equity Share.

And Upon completion of the proposed preferential allotment, Cintra shall have the right to nominate 2 two directors or 25% twenty five percent of the total directors of the Board if the size of the Board stands increased, rounded up to the nearest whole number to the position of nonexecutive directors of the Board. Cintra will also have similar nomination rights to the committees of the Board. The Cintra will have a standard pre-emptive right, i.e. right to subscribe to shares in case of further issuance of shares to maintain its shareholding in the Company.

The Company & Cintra have in-principle agreed to enter into advisory service agreement prior to or after infusion of subscription amount under Cintra preferential issue, to provide services to the Company on an arm's length basis, with a view to create a framework to allow transfer of knowhow and international best practices from Cintra to the Company.
 

Haldilal

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Ya'll Nibbiars The Tata housing is going to invets 600 crores in Noida.
 

Hari Sud

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Ya'll Nibbiars It's Official The JSW is investing 35,000 Crores for the Hydrogen Plant in Maharahstra.

View attachment 122220
Not so good an investment...... Splitting water into Hydrogen and Oxygen requires a huge amount of electricity, which in turn requires coal to produce it. The alternative is natural gas but that again India does not have excess of natural gas hence this noise of hydrogen is worthless.
 

FalconSlayers

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Not so good an investment...... Splitting water into Hydrogen and Oxygen requires a huge amount of electricity, which in turn requires coal to produce it. The alternative is natural gas but that again India does not have excess of natural gas hence this noise of hydrogen is worthless.
Will be generated using solar.
 

Haldilal

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Ya'll Nibbiars The IOC Investing 5,000 crores rupeesat Mathura and 2,000 crores rupees at Panipat for the hydrogen plants.
 

Covfefe

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W.r.t. the issues in banking, I tend to support the entry of corporates into commercial banking. The RBI has been flirting with the idea for some time now while Raghuram Rajan and his bhajan mandali, as usual, are performing their usual rona dhona. Pretend as they might; the reality is that both the GOI and the RBI still suffer from socialist hangovers. A potential US $5-10 trillion economy requires huge banks and uninterrupted credit growth; something unimaginable w.r.t. the present system.
Rajan has already published an article on why it is a bad idea. It's there on his LinkedIn account, read it sometime back. He's too conservative player for an aspiring economy like India.
 

Chandragupt Maurya

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@IndianYonko
Over 500 Industrial Units Set Up In Bihar Under Nitish Kumar, More In The Pipeline
investment proposals worth Rs 30,000 crore have been received for ethanol production in the state, he said. The remaining proposals worth Rs 6,6694 crore have come for investment in food, health care, oxygen, tourism, manufacturing and other sectors, Hussain added.
 

Hijibiji

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It seems that India has come of age going the legal way against the FAANMG etc. Earlier they were taken to task only in EU and US. It seems G was taken to task and it seems G complied. Only Rs 1000 Cr was the stake. Strange times! Indian Economy has grown a lot.

"[Breaking] YouTube & Google slapped with Rs. 1000 Crores (135 million dollars) compensation and contempt notice for acting against the law and the Constitution to help the vaccine syndicate.

The legal notice has been sent by social activist and Awaken India Movement- AIM National Steering Committee (NSC) member Shri. Virendra Singh through his advocate.

Read the full blog here."

 

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