Tag Archives: 500

11 states may see Rs 9,500 cr revenue loss this year under GST

Even though as a whole states’ revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report. “All states combined will grow at a CAGR of 16.6 per cent in FY18 over… Read More »

Fairfax to sell 12% in ICICI Lombard for Rs 2,500 crore

Fairfax Financial Holdings, the joint ventures partner of ICICI Bank in ICICI Lombard General Insurance, is selling 12.2% in the Indian non-life insurance major to three entities for nearly Rs 2,500 crore.The three funds which are buying into the company are Red Bloom Investment, an arm of global private equity major Warburg Pincus, Tamarind Capital, a company owned… Read More »