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 […]
State-controlled telecom services provider Mahanagar Telephone Nigam Ltd said it has sought permission from the Department of Telecom to sell some of its assets to pay down debt. “In order to come out of the debt, the management of MTNL is considering the proposal for asset monetization, i.e., lease or sale of real estate and […]
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 […]
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 […]
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 […]
Indian apparel makers have sought government intervention to stabilize the rupee, which has been rising in recent months, in stark contrast to the situation in other countries that compete with India in exporting garments. “Other countries started taking recourse to depreciating their respective currencies during the last one-and-a-half years, whereas Indian Rupee got appreciated,” complained […]
Kerala Police have filed a first information report against the head and eight members of the ‘investigation team’ of a newly launched TV channel for a botched up sting operation targeting a minister. The FIR has been filed under sections of the Information Technology Act, sections of the Indian Penal Code dealing with conspiracy and […]
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 […]
SpiceJet, the country’s favourite low-cost carrier, was today awarded 6 proposals and 11 routes under the first phase of the Government of India’s UDAN Regional Connectivity Scheme, the airline said. Out of the six finalised proposals, four will be to Adampur, Kandla, Pondicherry and Jaisalmer whereas two will be for underserved markets of Porbandar and […]
Bharat Heavy Electricals Limited (BHEL) commissioned an 800 MW coal-based supercritical thermal unit at the Yeramarus Thermal Power Station located in Raichur district of Karnataka, the heavy equipment maker said. The plant is a joint venture between BHEL and Karnataka Power Corporation Limited and now has a capacity of 1600 MW. With this, BHEL has supplied […]
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 […]
The Department of Atomic Energy today said that India is the first country in the world where the waste produced by nuclear power plants is being used for civilian applications. Jitendra Singh, the minister of state overseeing the department, also allayed concerns about any possible leakage of radiation from spent fuel. “There has been no […]
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 […]
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 […]
Exemptions to the National Eligibility cum Entrance Test cannot be given to any place or zones inside India as a common entrance test is required under the law, Faggan Singh Kulaste, junior minister in charge of health and family welfare said. “Section 10D of Indian Medical Council Act, 1956 prescribes conducting of a uniform entrance examination namely […]
The drivers and staff of all vehicles classified as ‘transport’ will be brought under the definition of ‘third party’ in third party insurance policies, the finance ministry said today. This will cover buses, vans and other commercial transport vehicles and will be implemented through the upcoming amendment to theMotor Vehicles Act. At present, only the driver […]
Minister of health and family welfare Anupriya Patel said Lopinavir syrup, the life-saving drug given to infants and toddlers with HIV has been restocked by the National Aids Control Organization. “NACO has done an emergency procurement from a registered manufacturer — McNeil and Argus. The drug has already been supplied and is available throughout the […]
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 […]
