Siti Networks, the cable TV arm of the Zee Essel Group, has become the first major distribution platform to notify new cable TV prices that will come into effect from Sunday under TRAI’s revised tariff plan. The company has put up a declaration on its website in which it has updated the number of channels […]
India’s banking regulator has lifted a restriction it placed in September 2018 under which Bandhan Bank would have to seek its approval before opening any new branch. The restriction was put in place after the company failed to comply with a rule that requires banks to reduce their promoter shareholding to 40% or less within […]
Fashion retailer Shoppers Stop said it has shut down 2 of its 91 shops due to lower-than-expected sales and poor profitability. The shops that have been shut down are located at Orion East Mall, Bangalore, and The Grant Mall, Chennai. It said it took the decision “due to lower than expected business” at the two […]
Operating conditions for Indian non-banking financial companies/institutions (NBFCs or NBFIs) have improved slightly in the first two months of 2020, however, uncertainty levels continue to be high for certain segments within the sector such as housing finance and wholesale lending, global ratings agency Fitch said in a note today. “The recent fundraising by a number […]
SpiceJet, the country’s fastest growing low-cost carrier, announced 20 new flights that will lift off from March 29. This will take the total flights operated by the airline to over 620 per day. The new flights connect cities such as Guwahati, Patna, Hyderabad, Varanasi and others (see image for full schedule). The new flights including […]
India Ratings, a unit of Fitch Group, downgraded the credit rating of Vodafone Idea and said it doesn’t see how the company can pay the money sought by the Department of Telecom as directed by the Supreme Court. A bench headed by Justice Arun Mishra has asked companies such as Vodafone Idea and Bharti Airtel […]
Maruti Suzuki has delivered a BS-VI upgrade to its popular WagonR car without implementing a price change, unlike the petrol version. The new, BS-6 compliant WagonR S-CNG Lxi will continue to be available at a price of Rs 5.25 lakh in Delhi, excluding RTO charges. The only other CNG trim, Lxi (O) will continue to […]
The Directorate General of GST Intelligence (DGGI) has arrested a Delhi-based businessman for issuing fake invoices that were then used to claim input tax credits by the those who received those invoices. Under India’s Goods and Services Tax regime, tax does not have to be paid on the same material multiple times. In other words, […]
Broadcast regulator TRAI has sent a letter to all broadcasters, cable and DTH firms reminding them to take “preparatory activities” ahead of regulatory and pricing changes from March 1. From that day, no channel priced above Rs 12 will be allowed to be sold as part of a package. Cable and DTH firms will also […]
Even as many realty developers struggle to move their stock, Sunteck Realty Ltd has sold over 1,600 apartments at its MaxXWorld township in Naigaon in just two weeks. The MaxXWorld project, which offers homes with 1 to 3 bedrooms, are priced in the range of Rs 30 lakhs to 55 lakhs. The average price of […]
Government of India was today quizzed on whether it has been able to establish links between Rohingya refugees in India and Pakistan-based terror groups. In a written question, Lok Sabha Member for Mumbai South Rahul Shewale asked the Union home ministry “whether the Government has established Rohingyas’ link with various Pakistan based terrorist groups”. The […]
The government has detected fake GST refunds of Rs 1,926 cr since the new system was introduced in 2017, ministry of finance said on Monday. GST refunds are issued by the government when an entity, such as a business, has paid more tax than it was required to under the Goods and Services Tax regime. […]
The first exit poll on the Delhi Assembly elections has called it a win for the Aam Aadmi Party with 44 out of 70 seats. The BJP will win all the remaining 26 seats, the poll said. AAP BJP CONG TIMES NOW 44 26 0 REPUBLIC 55 15 0 INDIA NEWS NATION 55 14 1 […]
The recent changes made to the TV channel pricing rules of India by the Telecom Regulatory Authority of India to the tariff order on January 1 are targeted at dealing with the problems faced by the consumer and balancing the interests of various industry participants, Minister of Information and Broadcasting Prakash Javadekar said today. The […]
Government of India today said that 233 babies were born to Parsi (Zoroastrian) couples in India under the ‘Jiyo Parsi’ scheme. Under the scheme, the government provides financial assistance to Parsi couples for Assisted Reproductive Technologies such as In-vitro Fertilization and Intra Cytoplasmic Injection, including surrogate pregnancies. Jiyo Parsi scheme was started in 2013-14, and […]
Bharti Airtel, the former No.1 telecom operator in India, said it is keen on having a second round of price increases in the year starting April, but can do it only if the rest of the industry follows suit. Airtel said it needs to get more money from its customers to ensure that its investors […]
Bharat Sanchar Nigam Ltd, which is in the middle of a massive turnaround program, has officially asked the government for the allotment of 5G spectrum, according to Sanjay Dhotre, junior minister for communications, Government of India. “Bharat Sanchar Nigam Limited (BSNL) has requested DoT to assign spectrum for 5G services on Pan India basis (except […]
The ministry of traditional medicines at Government of India has hit back at critics who have questioned the medical validity of its recent advisory on countering Coronavirus through herbal medicine. The AYUSH ministry had issued a list of dos and don’ts last week, including items such as ensuring proper personal hygiene, wearing face masks in […]
Government of India today said that its list of public sector companies scheduled to be sold to private entities did not include Bharat Heavy Electricals Ltd. The company, abbreviated BHEL, has with operations in multiple locations such as Bhopal in Madhya Pradesh and Trichy in Tamil Nadu and is India’s largest suppliers of heavy electrical […]
Amara Raja Batteries Ltd, India’s biggest manufacturer of lead acid batteries, reported a modest increase in revenue, and said it continued to face a demand slow down in its key markets of automobiles and telecom. “The automotive sector is facing challenges of demand uncertainty due to social, regulatory and technological changes,” said Vice Chairman and […]
