In a bid to promote competition in resale of bandwidth, the Telecom Regulatory Authority of India in its recommendations submitted to Department of Telecom has favoured not fixing any ceiling on the number of players in the segment.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Sahara also sought permission to sell its properties in Bangalore.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
A three-pronged investigation will take place into alleged state aid for several La Liga clubs, including Real Madrid and Barcelona, the European Commission said on Wednesday.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
The Bombay high court on Friday ordered the release of Rs 1,500 crore (Rs 15 billion) deposited by Jet Airways in escrow account for acquiring Air Sahara.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
The Dubai branch of Bank of Baroda has been directed by courts in Dubai to pay a sum of over $103,869 to an Indian company in a bank guarantee case.
The European Commission will begin disciplinary action against seven Spanish clubs including Real Madrid and Barcelona over possible illegal state aid, Spanish foreign minister Jose Manuel Garcia Margallo said on Monday.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The government is buying out the shares of India Ports Global, which are now held in a 60-40 ratio by the JNPT and Deendayal Port Trust in Kandla.
The government has said it will examine proposals for the simplification of procedures for export oriented units and special economic zones in a time-bound manner.
The Board of Control for Cricket in India is set to pay a huge compensation of more than Rs 800 crore to disbanded Indian Premier League franchise Kochi Tuskers Kerala for terminating their contract in 2011.
Upholding an order of Maharashtra Electricity Regulatory Authority, the Bombay high court on Thursday asked Tata Power Company to pay Rs 289 cr
SpiceJet grounded all its aircraft due to payment woes
'The ICC would put in place a process through which any member can access the withheld money upon an unconditional and irrevocable undertaking, perhaps a bank guarantee,' ICC president Ehsan Mani said.
The commission has also sought records related to the termination of the deal to be presented before it in an in camera proceedings for its perusal before deciding whether they can be disclosed under the RTI Act or they attract its exemption clauses.
Permissions of 71 TV channels have been cancelled by the information and broadcasting ministry for various reasons after a comprehensive review of the companies operating them, Lok Sabha was informed on Thursday.
Chinese mobile company Vivo replaced PepsiCo as the title sponsor of the high-profile Indian Premier League (IPL), a change necessitated by the beverage giant's sudden pullout from a five-year deal that was to end in 2017.
The multinational oil firm, however, is required to furnish a Rs 500 crore bank guarantee to the government.
While conditional access system continues to remain in disarray, the first direct-to-home television service in the country is likely to take off by October 1 with a Zee promoted company signing its license agreement with the government on Friday.
Oil firms will supply fuel to SpiceJet on 'cash and carry basis'.
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