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Business Economy

Follow T-Government TS-iPASS initiative to attract investment exiting from China : Nilesh Shah

Hyderabad, May 23 (UNI) Kotak Asset Management Company Managing Director Nilesh Shah has said that the best way to attract investments exiting from China is to follow the Telangana Government TS-iPASS initiative, ( the industrial policy of staste government) to give online approvals for industries within 15 days through self-certification mode, by all Indian states.
He said this while speaking on the Federation of Telangana Chambers of Commerce and Industry (FTCCI) Webinar - “Investor Confidence Building Measures-post COVID-19” on Saturday.
Mr Shah pointed out that India needs to fire on four specific cylinders to defeat corona and bring back economy on rails again. These include medical solutions, monitory stimulus, out of the box thinking and fiscal stimulus. Besides money needs to reach borrowers hands to revive growth, he said.
He has also to say that India has the largest Gold reserves which is nothing but a dead asset. We need to monetize gold to revive our economy, the Kotak Company MD said.
On stock market investment, Mr Shah said “Investors should continue to remain invested and new investors should also make investments in Large Cap; Mid Cap and Small Cap Stocks as they are available at fair prices and based on their risk appetite.
He expressed confidence that once the medical solution is available, the capital market in all likeliness revive and cross the previous high”.
More News

Toyota Kirloskar Motor clocks 1639 units in May 2020, Resumes production in its plant in Bidadi

31 May 2020 | 8:08 PM

Kolkata, May 31 (UNI) Toyota Kirloskar Motor (TKM) on Sunday announced that the
company sold a total of 1639 units in the month of May 2020.

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Kaveri Seeds sales up by 14 86 pc in FY-20

31 May 2020 | 3:02 PM

Hyderabad, May 31 (UNI) The Board of Directors of Kaveri Seeds Company Limited approved the financial results for the quarter ended May 31, 2020 at its meeting held in Secunderabad on Saturday.

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IndiGrid to acquire Jhajjar KT Transco Private Limited from Kalpataru Power Transmission Limited and Techno Electric & Engineering Company Limited

30 May 2020 | 7:15 PM

Kolkata, May 30 (UNI) India Grid Trust (“IndiGrid”), India’s leading infrastructure investment trust, has announced the execution of SPA for acquisition of 100% stake in Jhajjar KT Transco Private Limited (“JKTPL”) from Kalpataru Power Transmission Limited (“KPTL”) and Techno Electric & Engineering Company Ltd (“TEECL”).

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PFC to provide PPE kits, ambulances to Uttarakhand govt in its fight against Covid-19

PFC to provide PPE kits, ambulances to Uttarakhand govt in its fight against Covid-19

30 May 2020 | 4:43 PM

New Delhi, May 30 (UNI) Power Finance Corporation Ltd (PFC) , the central PSU under Ministry of Power and India's leading NBFC, has come forward to provide financial assistance of Rs 1.23 crore to the Uttarakhand Government to fight the COVID-19 pandemic.

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Production of Natural Rubber rises to 7 12 lakh tonnes in India

30 May 2020 | 1:27 PM

Kottayam, May 30 (UNI) The production of natural rubber in the country rose to 7.12 lakh tonnes, registering a growth rate of 9.4 per cent during 2019-2020.

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