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
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.
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.
«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.
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.
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.
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.
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.
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
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.
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.
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.