Even as states race to denotify state highways as ‘urban roads’, Maharashtra, home of roads and highways minister Nitin Gadkari, managed to get 65% of all sanctioned upgrades of state highways into national highways last year. According to year-end data prepared by the roads and highways ministry, 8,002 km of state highways in the state […]
Broking and financial firm HDFC Securities Ltd said it does not expect the US Federal Reserve to start sucking out the liquidity that it has infused into the global financial market in the last nine years any time soon. The comments came in the wake of the release of the minutes of the Federal Open […]
The Prime Minister’s office today said the government has not appointed a Lokpal at the center yet as there is no leader of the opposition in the Lok Sabha. According to the Lokpal and Lokayuktas Act passed in 2013, the center is supposed to appoint a Lokpal as an ombudsman for corruption related issues. “The […]
Sun Direct, the DTH service from Sun Network, has unveiled three new HD subscription plans that make it the cheapest provider of HD TV services in India. The plans are priced at Rs 51, 101 and 150, including taxes. The cheapest pack provides 23 HD channels — with the exact composition depending on the language […]
The Indian banking system is likely to get a permanent liquidity boost of Rs 1.7 lakh cr due to the demonetization of high-denomination bank notes, State Bank of India chief economic adviser said in a note to bank clients. He said people were not making the large cash withdrawals that everyone expected them to after the […]
Reliance Jio, the telecom services provider from the Reliance Industries group, is likely to launch its own cable TV services, according to photographs uploaded by anonymous users on web forums. The photographs were apparently taken at the demonstration of the new service, and come several months after rumors started circulating that the company will launch a […]
Many of those who were looking forward to using more data per day than the 1 GB allotted to them under Reliance Jio’s Happy New Year scheme are likely be disappointed as it looks like the 1 GB cap will remain under the Summer Surprise offer as well. Even those Prime Members who subscribe to the […]
Reliance Jio, the telecom services provider from Mukesh Ambani-led Reliance Industries, has extended the period for its subscribers to sign up for its Membership program up to Apr 15. It will also provide three months of free service for any member who signs up for its monthly packages starting at Rs 303 per month. In […]
The rush of last-minute recharges for availing Reliance Jio’s Prime Membership offer seems to have taken down Billdesk, one of India’s largest payment processing services. As of 10:40 AM, both the Billdesk website and the payment gateway service has been down for several minutes. Billdesk is the provider of payment processing services for Jio’s website […]
Indian Space Research Organization could soon help Indian e-bikes overcome their biggest drawbacks — low mileage per charge and limited speed. Costing between Rs 35,000-50,000, most of these bikes have a top speed of 25 km per hour and a range of 30 to 50 km per charge. That could change soon, thanks to the […]
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the […]
The Telecom Comission, a panel set up within the Department of Telecom with external representatives, has suggested that the ministry of communications should send back for ‘reconsideration’ the recommendation by the Telecom Regulatory Authority of India for it to impose a fine of Rs 3,050 cr on Bharti Airtel, Idea Cellular and Vodafone India. The […]
Reliance Jio, India’s newest telecom operator is set to add almost 50 mln users to its Prime platform, according to reliable sources. As of now, the company has added close to 43.5 mln, with another 3-4 mln additions expected in the remaining 2.5 days. On average, the company added 1.55 mln Prime customers per day over […]
With on four more days remaining before the start of paid services on Reliance Jio, India’s largest telecom operator by volume, the company has urged its sales agents to promote the idea of ‘queuing’ up recharges for a year. “We have been told to encourage users to do recharges for multiple months before the offer […]
Bharti Airtel, India’s largest telecommunications services provider, said it sold 10.3% of its tower unit Bharti Infratel to funds advised by US private equity firm KKR and Canada Pension Plan Investment Board at Rs 325 per share. The transaction has been done at a premium of around 3% to the stock’s opening price of Rs […]
With the financial year drawing to a close, Madhya Pradesh, Gujarat & Mumbai have emerged as the states where people pay the highest taxes on petrol and diesel, while Tamil Nadu was the state with the highest increase in rates this year. In Madhya Pradesh, people pay an eye-watering 39.75% tax on petrol imposed by […]
Vitara Brezza, the sports utility vehicle from Maruti Suzuki, has sold over 1.1 lakh units in its first year, the carmaker said in an update marking one year of the car’s launch. In total, around 36 lakh four-wheeled passenger vehicles are expected to be sold in India the current financial year, giving the model a […]
With the country’s largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as ‘free’ providers of savings bank services, according to an analysis of RBI data. SBI said […]
Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows. In the last four years, these two banks […]
Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the […]
