Adani Group creates new company to run airport businesses : Bulletin: Business Today
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Adani Group creates new company to run airport businesses

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August 5, 2019

E-commerce firms focus on small towns to fuel job opportunities, say experts

E-commerce companies are betting big on small towns to explore the opportunities offered by a large customer base and are expanding their talent pool in these cities to fuel growth, experts say. They expect recruitment to go up by 15 per cent in this space. E-commerce companies have been setting up warehouses in small towns and have also been expanding their talent base in these towns.

CII urges Modi govt to reduce base price for upcoming 5G spectrum auction

The Confederation of Indian Industry (CII) has requested the government to bring down the base price for the upcoming 5G spectrum. The industry body Sunday said that the high price of such radiowaves will arrest the rapid growth of the sector and discourage people from adopting telecom services.

India needs 9% GDP growth to realise PM Modi's $5 trillion economy target: EY

India will constantly need to grow by 9% every year for five years and elevate aggregate investment rate to 38% of Gross Domestic Product (GDP) in order to realise Prime Minister Narendra Modi's ambition of seeing India as a $5 trillion economy, EY has said.

FPIs withdraw Rs 2,881 crore from Indian capital markets in just 2 trading sessions in August

The Foreign Portfolio Investors (FPIs) continued their selling spree in the first two sessions of August and pulled out a net amount of Rs 2,881 crore from the Indian capital markets. The withdrawals came amid domestic and global headwinds.

Too many reforms by Modi govt slowed down GDP growth: NITI Aayog CEO Amitabh Kant

NITI Aayog Chief Executive Officer Amitabh Kant Friday said that a wave of reforms undertaken by the Modi-led government has led to the current slowdown in the Indian economy. The NITI Aayog CEO recommended that the government needs to give a thrust to major structural reforms as was done earlier. He espoused an array of policy decisions to revive the economy.

Adani Group creates new company to run airport businesses

Adani Group Saturday said that it has set up a new company called Adani Airports Ltd to manage its airport businesses. The new firm has been incorporated by the group's flagship company Adani Enterprises for running airports in India and abroad. The Adani Group in February had won the mandate to run all the six government-owned airports that were put up for privatization.

Hyundai drives Utility Vehicle segment in July; sells 16,234 cars

Hyundai Motor India sold over 16,200 units in the utility vehicle segment in July to take a lead over Maruti Suzuki India (MSI) and Mahindra & Mahindra (M&M), which have for long dominated the vertical. The company's UV market share is now more than 21 per cent with the combined sales of Creta, Tucson, Venue and Kona Electric.
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