Qatar Air interested in buying stake in IndiGo, not Air India, says CEO
Gulf major Qatar Airways is not interested in buying a stake in India's national
carrier Air India, which will be up for sale soon. The airline neither sees any synergy with Air India’s operations, nor believes that acquiring the airline will help it to boost its operations in India. Read more
Irdai directs Reliance Health Insurance to stop selling new policies
The Insurance Regulatory and Development Authority of India (Irdai) has directed the standalone health insurance arm of Reliance Capital — Reliance Health Insurance — to transfer its entire portfolio to Reliance General Insurance, and stopped it from selling new policies. Read more
Moody's cuts India outlook to negative, predicts 'prolonged slower growth'
India’s credit ratings outlook was cut to negative by Moody’s Investors Service, the first step toward a downgrade, as concerns mount the economic slowdown will be prolonged and debt will rise. Moody’s projects a budget deficit of 3.7% of gross domestic product in the year through March 2020, a breach of the government’s target of 3.3%, as slower growth and a surprise corporate-tax cut curbs revenue. Read more
IUC row: Trai schedules open house debate for Nov 15 as telco war erupts
Sector regulator Trai has scheduled for November 15 its open house discussion on the interconnect usage charges (IUC) issue that has seen old and new operators erupt in a war of words recently. Read more
SBICAP Ventures spots 12 stuck housing projects in first funding round
SBICAP Ventures has shortlisted about 12 stalled housing projects with an investment of Rs 100-200 crore to provide last-mile funding under a special window. Work on forming and registering an Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (Sebi) has begun. Read more
Mumbai Likely to Get Biggest Pie of Rs 25kcr Realty Bailout Package
Experts believe the maximum resolution through the government’s Rs 25,000-crore lifeline can be achieved in Mumbai, given that Mumbai Metropolitan Region (MMR) is the second-largest market in terms of stuck housing projects. According to industry experts, with the help of stress fund, there is potential to attract price realisation and better demand pattern which are then expected to push revival of several unfinished residential projects in MMR, reports The Economic Times.
Tatas set for long-drawn-out battle over licence of trusts
With trusts and tax officials differing over the end date of the registration, and whether it was a cancellation or a surrender, the dispute over the cancellation of registration of six Tata Trusts is set to be a protracted legal battle, reports LiveMint.