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The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely to…
Piyush Goyal (File photo) NEW DELHI: As companies from the EFTA Bloc — Switzerland, Norway, Iceland and Liechtenstein — promised investment into India as part of the $100 billion commitment under the trade deal, Swiss state secretary for economic affairs Helene Budliger Artieda called for the need for a bilateral investment treaty(BIT), while Liechtenstein sought…
Pfizer has agreed to lower prescription drug costs for Medicaid and invest $70 billion in US manufacturing, President Donald Trump announced on Tuesday, in a move aimed at reducing healthcare costs.As of 1:26 PM (GMT-4), Pfizer shares were actively trading at $25.08, marking a sharp 5.14% gain, signaling strong investor interest and positive developments driving…
Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…
Goldman Sachs has given new advice to workers with H1-B visas. This comes after President Donald Trump announced that companies must now pay $100,000 every year for each foreign worker on an H1-B visa. The new rule has forced big tech companies like Google, Microsoft, and Amazon to tell their visa workers to stay in…
The US government launched a new website promoting a visa programme aimed at affluent immigrants, offering American residency at steep prices.The initiative introduces a “Trump Gold Card” costing $1 million for US residency, plus processing fees and background checks. A forthcoming “Platinum Card,” priced at $5 million, will allow holders to “spend up to 270…
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…
OpenAI recently announced plans to restructure into a for-profit public benefit corporation, a move that will allow it to issue traditional stock to investors. With this change, according to analysts, Microsoft is set to receive a new equity stake in OpenAI that could be worth at least $150 billion. This would be a remarkable return…
