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AGR dues: FM Sitharaman says Telecom department actively engaging with firms

Post the court#39;s latest verdict, it will only be proper to wait and hear from the department concerned, she told reporters here when asked whether the government was mulling relief for the telecom companies after the recent Supreme Court orders directing t

CARE Ratings downgrades NCDs of Vodafone Idea

The development comes after the board of Vodafone Idea, on February 17, authorised the company to immediately pay the Department of Telecommunications (DoT) Rs 2,500 crore as a portion of the dues on AGR.

India#39;s GSPC seeks nine LNG cargoes for February to April delivery

The deadline for offers is February 17, one of them said.

Pakistan to consider importing insecticides from India to fight locusts

Pakistan declared a national emergency over locust swarms early this month after the food ministry gave a briefing to parliament, warning that the country was facing the worst locust infestation in two decades.

NCLT grants 3 days to Cox Kings#39; former directors to submit records

The Mumbai bench of the NCLT in October 2019 admitted an insolvency application against Cox Kings after the tour operator defaulted on its debt obligations to the company#39;s financial creditor, Ratan India Finance.

TDS adds undue compliance burden for e-commerce platforms: IAMAI

The government, in the Budget, announced a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, which is to be collected from the sellers by the e-commerce companies.

How Federal Bank is using artificial intelligence to hire

Federal Bank wants to shed the image of a traditional bank by using tech-savvy tools

Reliance Industries seeks five LNG cargoes for April-June supply

The deadline for offers is February 17, one source said.

Over 3,000 trains cancelled in 2019 due to maintenance work on railway network: RTI reply

Between January 1 and September 30 last year, 2,251 trains were cancelled and from October 1 to December 31 last year, 895 trains were cancelled due to maintenance works, as per the reply.

Tatas pay Rs 2,197 cr to settle AGR dues

«Tata Teleservces Ltd and Tata Teleservices (Maharashtra) Ltd have made a payment of Rs 2,197 crore to the Department of Telecommunications (DoT) towards license fee and spectrum usage charges,» it said in a statement.

Insurers exit government#39;s Fasal Bima scheme to cut losses

While all other general insurance schemes have a policy of annual hike in premium, PMFBY does not have this provision. This has made the business unviable for insurers and reinsurers

Gold price firm at Rs 40,865 per 10 gram, silver up Rs 115 per kg

The yellow metal is likely to take further cues from the Federal Reserve and European Central Bank minutes to be released this week.

India#39;s poultry sales decline after coronavirus rumours linked to chickens

Millions of small poultry farmers have been hit by a sudden drop in sales. Soybean and corn producers are also being affected with prices of both the commodities used in animal feed have falling up to 8% in the last three weeks.

STPI exports stood at Rs 4.24 lakh crore in 2018-19: Official

Importantly, the focus of the government is towards making India a software product nation, Rai said.

Govt to spend Rs 2,000 cr to upgrade tourist infrastructure in Jammu and Kashmir

«The Jammu and Kashmir administration in coordination with the central government will spend Rs 2,000 crore to upgrade infrastructure and create better facilities for tourists,» Ahmed said at a roadshow here.

RBI Guv: Govt must continue reforms; green shoots of recovery need to sustain

In an interview with PTI, he said the fallout of the outbreak of novel coronavirus in China needs to be closely monitored by «every policymaker» to tailor a swift response.

Rupee rises 8 paise against US dollar

At the interbank foreign exchange market, the rupee started on a weak note at 71.45 against the US dollar. During the session, it swung between a low of 71.48 and a high of 71.24.

Reporter#39;s Take | Govt to push use of LNG for intercity buses

Moneycontrol#39;s Shraddha Sharma gets in conversation with Swaraj Baggonkar to talk about the government#39;s push towards LNG.

Coronavirus impact: Face masks become costlier as demand shoots up

All Food and Drug License Holders Foundation (AFDLHF) has estimated a nearly 100 percent jump in prices in India.

About Rs 30,000 cr tenders cancelled to promote Make in India products: DPIIT Secy Guruprasad Mohapatra

The Department for Promotion of Industry and Internal Trade (DPIIT) from time to time has intervened to change conditions in those tenders in order to promote #39;Made in India#39; goods.

Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20.

Telecom AGR crisis: RBI closely monitoring developments

The Supreme Court last week rejected a plea by mobile carriers such as Bharti Airtel and Vodafone Idea Ltd for extension in the payment schedule and asked them to deposit an estimated Rs 1.47 lakh crore in past dues for spectrum and licences by March 17.

Vedanta to deploy GE#39;s digital smelter solutions at aluminium plant in Odisha

This will be the first such deployment of digital twin technology at any aluminium smelter in India and is part of Vedanta#39;s long-term digital transformation initiatives, it added.

JSW Energy to buy GMR Energy#39;s Kamalanga power plant for Rs 5,321cr

In a regulatory filing, the company said it has signed share purchase agreement with GMR Energy Ltd for acquiring its subsidiary, GMR Kamalanga Energy Ltd, which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha.

Customs dept starts capturing district level data of goods exports

The information would now also capture declarations by exporters intending to avail benefits India#39;s under free and preferential trade agreements with partner countries.

USFDA inspection of Lupin#39;s Aurangabad facility completed with no observation

The inspection was carried out by the United States Food and Drug Administration (USFDA) between February 10 to 14, 2020, Lupin said in a filing to the BSE.

AGR dues | Mismatch in calculation may result in protracted dispute: Report

Vodafone Idea had in another statement warned that in the absence of any form of judicial relief, the company#39;s viability would be impacted.

Emirates NBD is bullish on gold and japanese yen, bearish on WTI crude, copper, natural gas Euro

Crude oil traded in range and was set for their first weekly gains as markets are expecting OPEC to implement deeper cuts to offset the slowdown in demand in China.

CCI approves acquisition of WABCO Holdings by ZF Friedrichshafen AG

WABCO India Ltd in a regulatory filing in March 2019 said that WABCO Holdings Inc has entered into a definitive merger agreement with ZF Friedrichshafen AG.

ENGIE fully commissions 250 MW Kadapa solar project in Andhra Pradesh

The 200 MW phase was commissioned ahead of schedule in May 2019 and this milestone supports ENGIE#39;s ambition to be a major renewables development partner as India becomes one of the fastest growing countries in global energy transition, a company statemen

ICICI Bank raises Rs 945cr by issuing Basel III compliant bonds

According to a BSE filing, the bank has allotted 9,450 Basel III compliant unsecured subordinated tier 2 bonds in the nature of debentures aggregating to Rs 945 crore on private placement basis.

Indian Overseas Bank mulls FPO next fiscal

Ajay Kumar Srivastava, Executive Director IOB, said that the FPO idea was still «at the drawing board level» and the Board would take a decision on the quantum of funds to be raised and the percentage of stake to be diluted.

Payment banks sense new lease of life in FASTag business

Both Paytm and Airtel assume leadership position in terms of the number of tags issued last month. Can they create new use cases on top of this?

IRFC lists $1 bn medium-term notes on India INX

In the first tranche, bonds worth USD 700 million will be issued at a coupon rate of 3.249 per cent due in 2030 while the second tranche consists of bonds worth USD 300 million at 3.95 coupon rate due in 2050, India INX said in a release.

Nitin Gadkari expects 10,000 orders for electric buses

Department of Heavy Industries sanctioned only 37 percent, or 5,595 electric buses, from the entire lot of proposals received.

Vodafone seeks adjustment of its AGR dues against Rs 7,000 cr owed by tax dept: Report

In the absence of relaxation of timeline for repayment of dues, the National Company Law Tribunal is the only option left with the telecom company.

Tata Power plans to have 700 EV charging stations by 2021

The company has already installed 100 fast charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020.

Shriram Automall acquires online car selling portal BlueJack

With this acquisition, Shriram Automall targets to transact yearly over 1.2 million vehicles worth more than Rs 30,000 crore. At present 70 lakh used cars are sold in India every year and the market is expected to be valued at Rs 50,000 crore in 2022, the com

World V launches Rs 100cr fund for Indian startups

World V will lead the investment in both consumer facing and B2B companies working on emerging technologies, including cloud, big data, artificial intelligence, machine learning and internet of things, it added.
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