Business highlights
DCM20 BIZ-FINMIN-BUDGET Budget-making team of Finance Ministry short of two key officials
New Delhi, Dec 8 () The budget-making team of the Finance Ministry is short of two key officials, including a full-time expenditure secretary, while the preparation for the second budget of Modi 2.0 government has shifted into top gear.
DCM17 BIZ-RBI-ECB India Inc foreign borrowings jump over two-fold to USD 3.41 bn in Oct
New Delhi, Dec 8 () India Inc's foreign borrowings grew over two-fold to USD 3.41 billion in October over the corresponding month a year ago, according to data from the Reserve Bank of India. DCM25 BIZ-AIRTEL-INVESTMENT Bharti Telecom seeks Rs 4,900 cr FDI nod; infusion to make Airtel foreign firm
New Delhi, Dec 8 () Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private telecom operator a foreign entity. DCM16 BIZ-MARUTI-PRODUCTION (CORRECTED) Maruti raises production by 4 pc in Nov after 9 straight months of output cut (Eds: Adding line, correcting figures in para 4)
New Delhi, Dec 8 () Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand. DCM22 BIZ-SEBI-MATRIMONIAL SITE Front running case: Sebi scans matrimonial website to catch manipulators
New Delhi, Dec 8 () To catch manipulators, markets regulator Sebi has started looking at matrimonial profiles of suspected persons to establish link with family members in front running cases. DEL27 BIZ-RAJAN-INDIA-GROWTH India in growth recession; extreme centralisation of power in PMO not good: Rajan
New Delhi, Dec 8 () Former Reserve Bank of India (RBI) governor Raghuram Rajan said India is in the midst of a "growth recession" with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers. HRS