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Lockheed Martin To Set Up F-16 Fighter Aircraft Manufacturing Units in India et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 12, 2018 12:46 PM 2 min read

End of Day Wrap-up (Thursday / April 12, 2018) #healthcare #Fortis #BritishAirways #Lufthansa #SingaporeAirlines #AirIndia #tax #startup #IMF #ChristineLagarde #Transfin

Editor's comment: Malaysian investment holding company IHH Healthcare Bhd likely to make a USD1.3 billion offer for Fortis Healthcare Ltd. This has come just a day after TPG-backed Manipal Health Enterprises Pvt revised its offer for Fortis Healthcare.


Four major international airlines including British Airways, Lufthansa and Singapore Airlines are interested to bid for Air India. As per terms, a foreign airline can have a joint venture in India provided it has a local partner with at least 51% stake and effective control.


In a notification by Commerce and Industry Ministry, startups can avail tax concession provided their total investment including fundings from angel investor, does not exceed INR100 mn. Also, an angel investor picking up stakes in a startup should have a minimum net worth of INR20 million or should have an average returned income of over INR2.5 million in the preceding three financial years.


Global credit agency Standard and Poor's (S&P) says that the Indian banks need to improve risk management and governance practices in the light of troubles faced by the two private lenders ICICI Bank and Axis Bank.


IMF chief Christine Lagarde warns China about saddling other countries with a "problematic increase in debt" through its ambitious global trade infrastructure project. She also advocates greater transparency & cooperation to get all stakeholders on the same page to avoid such problems.