Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
China Development Bank takes Reliance Communications to NCLT over loan default
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
Facebook co-founder and CEO Mark Zuckerberg on Tuesday said India is a very special and important country with a remarkable entrepreneurship culture, as he sought to push deeper the just-launched payments services that allow users to make payments over WhatsApp. Last month, Facebook-owned WhatsApp received approval from the National Payments Corporation of India (NPCI) for rolling out its payments services in India. In 2018, WhatsApp started testing its UPI-based payments services in India -- a global first -- with about a million users.
At present, there is no direct air connectivity between India and Myanmar.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
All those subscribers who have registered with the National Customer Preference Registry (earlier known as 'Do Not Call Registry') would get relief from all commercial communications, the Telecom Regulatory Authority of India (Trai) said.
TRAI seeks views to regulate net-based calling, messaging apps
The government on Monday appointed S R Rao as commerce secretary, in place of Rahul Khullar, who was made chairman of the Telecom Regulatory Authority of India after he retired earlier this month.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Telecom services provider Reliance Communications (RCom), in a consortium led by IT firm HCL Infosystems, is believed to have bagged the Rs 300 crore (Rs 3 billion) contract for government's national identity card programme, Aadhaar.
Nearly 22 per cent of the cyber attacks which took place in the country last year were on the banking sector.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
The party unanimously elected veteran Duraimurugan as general secretary and senior leader T R Baalu as treasurer. Former Telecom Minister A Raja and seasoned party leader K Ponmudi were elected as deputy general secretaries.
Airtel said the amount will be used for refinancing its existing loan portfolio.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
Alleging that the BJP-led National Democratic Alliance regime had distributed for free, 250 mega hertz of spectrum among the telecom operators, he told reporters, "The scam during the NDA regime could be worth much more than Rs 1.6 lakh crore."
Various ministries, including home and defence, have been asked to take necessary steps to prevent leakage of classified information to the media and fix responsibility in case the leakage takes place.
For getting the benefit of the NDNC registry, the subscriber will have to register his telephone number with his telecom service provider. The registration of subscribers for NDNC has already commenced.
The outgoing Lok Sabha had 23 Muslim MPs, the most being from Congress and TMC. The highest number of Muslim MPs were in 1980 when as many as 49 MPs from the community which constitute nearly fifth of Indian population present in the Lok Sabha.
She said the Citizenship Amendment Act (CAA) adopted last year by India's Parliament was of 'great concern'.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and four others were on Friday chargesheeted by the Enforcement Directorate in the Special 2G court.
It is the most potent symbol of India's soft power -- more perhaps than the IT industry and our managerial skill, notes Vanita Kohli-Khandekar
The Bharatiya Janata Party on Thursday said Union Textiles Minister Dayanidhi Maran's continuation in the cabinet was "untenable" in the wake of allegations that he could have indirectly benefitted from payoffs in a telecom deal.
Rajnath Singh believes it would be naive to see disengagement of the armies from the LAC as the end of the trouble. The defence minister has urged the defence forces to be ready for a long haul
The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
Massive relief and rescue operations have been launched in Manipur where a strong 6.8 magnitude earthquake on Monday claimed nine lives, shattered buildings and caused panic.
The exponential number of downloads can be attributed to a call by Prime Minister Narendra Modi, asking people to have the app on their mobiles, combined with the government's push for downloading of the app through other channels, reports Neha Alawadhi.
Spectrum was sold at about 68 per cent premium.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
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