A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum payment moratorium being offered by the government as part of its relief package for the telecom sector. The other options offered in the Telecom Department's notification will be considered by the board of directors within the stipulated timeframe, it said in a regulatory filing. "...we wish to inform you that the Board of Directors of the company has approved the exercise of the option of deferment of the company's spectrum auction instalments for a period of 4 years (October 2021 to September 2025) in accordance with ...the notification dated 14 October 2021 issued by the Department of Telecommunications (DoT) to the company," it said.
The bill was passed in the assembly in December last year but was pending before the council where the ruling Bharatiya Janata Party is one short of a majority.
ATP tournaments incurred losses of between $60 and $80 million last year, hurt by last-minute cancellations
The Pakistan Cricket Board (PCB) is set to legally notify the Board of Control for Cricket in India by next week about compensation for India's refusal to play bilateral series.
The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).
Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share price. In its order, the regulator restrained Sunrise Asian and its then five directors from the capital markets for one year and the 79 connected entities for six months. The Securities and Exchange Board of India (Sebi) had conducted an investigation in the scrip of Sunrise Asian for the period from October 16, 2012 to September 30, 2015, based on a reference received from the Principal Director of Income Tax (Investigation), Kolkata.
The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three.
Pakistan will be competing in a three-Test and three-T20 series starting July 30 in a bio-secure environment owing to the threat posed by the COVID-19 pandemic.
Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways official. Notably, the railways recently floated a sizeable tender worth Rs 35,000 crore of wagons, which had been in the pipeline since 2018. "Our Budget Estimates for freight increase were conservative.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
Planemakers have started pitching their latest aircraft to a privatised Air India which has been acquired by salt-to-steel conglomerate Tata Sons. European aerospace major Airbus on Monday said that it is in talks with the airline to sell its long haul aircraft Airbus A350-900. The wide-body aircraft is capable of flying non-stop between India and United States- one of the most popular and revenue generating routes.
The Pakistan Cricket Board is planning to hold the remaining matches of PSL-5 in November provided the situation arising out of the coronavirus pandemic improves in the next few months, PCB CEO Wasim Khan said. The PSL was suspended last Tuesday after the PCB revealed that a foreign player showed symptoms of the coronavirus, but Khan said the remaining matches may be held during the 10-day window available in November.
Mani said if the Indian team visits its neighbours, it will be a 'big breakthrough' for Pakistan cricket.
Prime Minister Narendra Modi on Wednesday undertook an aerial survey of affected areas in Gujarat and the adjoining Union territory of Diu to assess the devastation caused by Cyclone Tauktae.
The family members of 26 people from Madhya Pradesh, who were killed in the Uttarakhand accident, cannot believe that the pilgrimage met with a tragic end.
Govt may tighten presumptive taxation norms and also do away with some deductions.
Income tax officials on Monday conducted surveys at offices of engineering major Larsen & Toubro and media firm Zee Group for alleged GST evasion, an official of the tax department said. When contacted, L&T neither confirmed nor denied the development, while the media group has confirmed the tax survey. The tax official said surveys have been carried out at many L&T premises in the city, and in case of Zee, the surveys are underway at all its offices across the country since morning.
Shutting of stores had not stopped alcohol sales. On the contrary, it had increased black market operations and peddling of illicit hooch, which could cause death/serious injury.
'The Sangh Parivar's position is that whatever gold that is there in a temple should remain there. It shouldn't be taken away by anyone.' 'See, we are not misappropriating anything; we are only using it for the welfare of the temple and the devotees.'
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
This year's lucrative Indian Premier League has been postponed indefinitely while a cloud also hangs over the men's Twenty20 World Cup in Australia in October-November.
'Messi's departure is a move that helps Florentino. Imagine that (Kylian) Mbappe now signs for Real Madrid.'
Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported a profit of Rs 181 crore (Rs 1.81 billion) in FY2020, making it one of the few Indian consumer-tech unicorns to have turned profitable.
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
India's second-largest software services firm expects its topline to grow 7.5 - 9.5 per cent in FY2019-20 in constant currency terms.
Former Test opener Langer urged the board and the players union to thrash out their differences behind "closed doors".
Voters can be relied on to punish a party which makes reckless promises without actually implementing them, asserts Virendra Kapoor.
Aditya Birla group chairman Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd (VIL) to the government or any other entity that the government may consider worthy to keep the company operational. The billionaire businessman made the offer in June in a letter to Cabinet secretary Rajiv Gauba. According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.
Sourav Ganguly will have his hands full during his nine-month tenure
"We don't want any member country to get hurt. Especially India as they have always supported us. If India becomes weak, we also become weak."
Paytm had received the approval for brokerage services from market regulator Sebi in January this year.
Disney-Star generated advertising revenue of over Rs 27 billion for IPL 2020.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.
CBDT has directed officials to start scrutinising information from tax evasion petitions, and take them up on a priority basis.
Pakistan Cricket Board has suffered massive revenue losses but it doesn't need India to 'survive' and keep its finances flowing, PCB chairman Ehsan Mani said on Tuesday. Terming the BCCI as 'unreliable', Mani said Pakistan cricket is vibrant and strong enough despite not playing any bilateral series with India for a long time now.
Personal loans have about 80 per cent share in exposures restructured under regulatory package 2.0 by eight banks who have declared results for the second quarter. The remaining 20 per cent are loans to individuals used for business and credit to MSMEs. The total recast exposure of these banks under One Time Restructuring (OTR 2.0) was Rs 27,708 crore.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
