Nayar, a former investment banker, owns about half of the company with her husband and children. If the Nykaa IPO goes as planned, the value of their stake could exceed $2 bn.
The creation of the reserve assets is the first since $250 bn issued after global financial crisis in 2009 & is meant to help nations deal with debt & fallout from the pandemic.
Tesla is seeking to make inroads into India, where EVs account for less than 1% of annual car sales. It had last month requested Modi govt to cut import duty on electric cars.
Finance ministry is yet to finalise modalities to seek approval in Parliament for the sale, which leaves little time for the process to be completed this year.
e-RUPI digital solution will be delivered to beneficiaries in the form of a QR code and SMS-string-based voucher.
Softbank-backed Policybazaar plans to raise up to Rs 37.5 billion via a sale of new shares. Existing backers will seek to sell as much as Rs 22.68 billion worth of shares.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose from 48.1 in June to 55.3 in July.
Nine states have lesser storage in water reservoirs than in the corresponding period last year. Punjab, Gujarat, West Bengal, UP and MP among those facing the issue.
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore. It was Rs 92,849 crore in June this year.
In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.