SUBSCRIBERS
Modi to tap US$19b hoard in India's state companies
Published Tue, Feb 3, 2015 · 09:50 PM
New Delhi
INDIA is ratcheting up the pressure on state-controlled companies to spend their hoards of cash.
Businesses such as Coal India Ltd have been told to step up outlays on major investments to boost the economy, two government officials with knowledge of the matter said, asking not to be identified as the push isn't public. The pace of such capital expenditure will be reviewed more frequently, they added.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
The crown jewel of China-Singapore relations: Suzhou Industrial Park celebrates 30 years
RBA to keep key rate at 12-year high as inflation stirs anew
EU chief says will urge ‘fair’ China competition in talks with Xi
Netanyahu says nothing will stop Israel from defending itself
IMF says its mission will visit Pakistan this month to discuss new loan