Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
Telecom gear makers, who are in talks with telcos, say that if all goes well, they are ready to roll out the first phase of 5G services from October this year and cover the country's top 30-50 cities (in limited areas) by March 2023. The gear makers expect the telecom companies to give them a heads-up about their plans as well as the equipment required by July, and have promised deployment in three to four months after that. India's main telecom gear suppliers are Nokia, Ericsson and Samsung.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The Rs 24,713 crore deal that would boost Reliance Industries' fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved "acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited".
The entire flight -- from take off to landing -- was fully autonomous, which means it was on auto-pilot, Omnipresent Robot Technologies Founder and CEO Aakash Sinha said.
Tata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, president for Passenger Vehicles Business of Tata Motors Shailesh Chandra said. "As far as future is concerned, in next five (years) we will invest Rs 15,000 crore in electrification.
Visa delays have perturbed Indian visitors this summer. But a solution could be in sight soon, as embassies gear up to address the challenges caused by a spike in applications and staff shortages. While the British High Commission has said it is working urgently to reduce the current visa processing time, the German Embassy has introduced extra shifts to process more visas. However, appointments with the latter are fully booked till August-end due to high volumes.
Limited visibility around tariff hike and lack of clarity on new funding could make Vodafone Idea "more dependent" on any form of government relief for improvement of its fundamentals, BofA Securities has said in its latest report. The top brass of cash-strapped telco Vodafone Idea had last week said 'floor price' remains the "best and most preferred" fix for industry's woes arising from tariff-related issues. The company, whose fundraising plans have been significantly delayed, had further said it is in active talks with potential investors, and emphasised that there is no reason to start working on an alternate 'Plan B'.
Despite mounting pressure, Gotabaya, and Prime Minister Mahinda have refused to quit office.
'There is a sustainable level of residual terrorism that will be difficult to handle as long as Pakistani support and safe havens are available.'
India is witnessing trailers of future conflicts and its adversaries will continue with efforts to achieve their strategic aims, Army Chief Gen MM Naravane said on Thursday delving into national security challenges emanating from China and Pakistan.
This is an important milestone that paves the way for bringing the company's single-dose COVID-19 vaccine to the people of India, and the rest of the world, through a collaboration with Biological E Limited, the statement added.
A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday. Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got the no-objection certificate (NOC) from the Ministry of Civil Aviation on Monday.
The contentious bill providing for legal sanction to police to obtain physical and biological samples of convicts and detainees for investigation in criminal matters was passed by Lok Sabha on Monday, with Home Minister Amit Shah asserting it will act as a defender of human rights of law-abiding citizens.
The Reserve Bank on Thursday permitted banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible limit from next year. Bank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect from January 1, 2022, if they exceed the monthly limit of free transactions. "To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to Rs 21 per transaction. "This increase shall be effective from January 1, 2022," the RBI said in a circular.
FMCG distributors on Thursday said it has suspended their boycott of certain products of oral care maker Colgate after talks with the company representatives over the issue of the price disparity between the traditional distributors and organised business-to-business channel. A day after a virtual meeting with Colgate-Palmolive (India) Ltd (CPIL) representatives, the All India Consumer Products Distributors Federation (AICPDF) called off its stir to boycott certain products of the company starting from January 1, 2022. "From today, the movement against Colgate is postponed till further notice," the AICPDF said in a statement.
Lovingly made, heartfelt stories that speak the truths about our lives.
Twitter's India-born CEO Parag Agrawal has told worried employees that he doesn't know "what direction this company will go in" once the whopping $44 billion deal, which will take the social media giant private, closes with new owner billionaire Elon Musk.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.
'Uddhav has told the cops to crack down hard on the MNS agitation if MNS activists try to vitiate the communal harmony in the state.'
Amid protest over the proposed ambitious semi-highspeed SilverLine rail project, also known as K-Rail, the Kerala government on Saturday published the detailed project report that estimated the cost of project to be Rs 63,941 crore.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
'Hackers from China and UK were involved in the October 12 power outage,' Maharashtra power minister tells Rediff.com.
95 per cent of advertising inventory has been sold on television and 18 on-air sponsors have been signed up so far, the highest for any season.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in the retail arm of Reliance Industries, the Indian firm said in a statement on Wednesday.
Local trains have been off bounds for the general public since March last year due to the coronavirus pandemic.
Vi will continue to offer basic voice data services to its 2G users.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The acquisition of Walmart India adds a strong talent pool with deep expertise in the wholesale business that will strengthen Flipkart's position to address the needs of kiranas and MSMEs uniquely.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
The general public is allowed to travel in the suburban trains from the time of start of services for the day till 7 am, from 12 noon to 4 pm, and from 9 pm till the closure of services for the day.
Among other segments, home broadband subscriptions have picked up and the virtual private network service, too, increased by around 15 per cent.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
'For an introduction to his career-spanning genius, watch just five of his movies: Anand, Saudagar, Abhiman, Black and Pink,' notes Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
The key is to act and not wait and watch before the limited window of opportunity shuts, argues Shanthie Mariet D'Souza.
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