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@Business Business @Business, 26 Jun 2019 At 03:33 PM

Adani Ports looks to raise $750 million via overseas bonds

Billionaire Gautam Adani-controlled Adani Ports and Special Economic Zone (APSEZ) is seeking to raise about $750 million by selling overseas bonds in the first major foreign issuance by a local infrastructure company. The funds raised through the bond issuance will be used for capital expenditure, including lending to its subsidiaries for capital expenditure purposes and repaying existing debt. Standard Chartered Bank, Citi, JP Morgan, MUFG, Barclays and DBS are some of the foreign bankers that are helping the company to raise the money overseas. Src-https://bit.ly/2LgHRgE

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@Business Business @Business, 26 Jun 2019 At 03:29 PM

Lowering GST on Automobiles Would Help the Economy: Anand Mahindra

Anand Mahindra chairman of Mahindra Group stated that reducing GST rates on automobiles would help the economy, claiming that the auto industry has a huge multiplier effect on small companies and employment. He tweeted "What we're all searching for is the 'Mt. Mandara' which can start the 'Manthan' of the economy & get it spinning faster. I'm biased, of course, but the auto industry is one such 'Mandara'. It has a huge multiplier effect on small companies & on employment. Lowering GST would help." Src- https://bit.ly/2xdvHga

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@india INDIA @india, 26 Jun 2019 At 01:58 PM

If someone is out on bail, let them enjoy: PM Modi slams Sonia & Rahul

PM Narendra Modi, lambasted on the Congress and its leaders in the Lok Sabha and referring the Emergency of 1975, he jilted Congress allegations by saying "due process" will be followed while his government will continue to take action against corruption. PM Modi referring to the speech of Congress leader Adhir Ranjan Chowdhury who had accused Modi government of making charges against top leaders to defame them and challenged it to arrest UPA Chairperson Sonia Gandhi and Congress President Rahul Gandhi, Modi stated that his government was being criticised for "not putting (people) to jail. Further, in a disguised reference to Gandhi's, Modi said, "If you get bail, enjoy it." Src: https://bit.ly/2J2y8rC

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@india INDIA @india, 26 Jun 2019 At 01:47 PM

Fuel demand in India to reduce at 4-4.5% this year: Indian Oil

As per the head of the largest fuel refiner, this year, the growth in India's demand for gasoline and jet fuel is probably to get low. Indian Oil Corp (IOC) Chairman, Sanjiv Singh stated, "In a view of a wide range of reasons including monsoon impact, the growth of demand of fuel in the first six months (2019) has been slightly subdued." He further said that overall demand will be somewhere in the range of 4% and 4.5% which is satisfactory. IOC, having term contracts with US Oil dealers, is likewise open to purchase more spot cargoes yet will rely upon financial aspects.

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