A look at the pictures from the event!
After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Even the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.
The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. The government has said that these firms are strategically important and will not be closed down or divested.
Playback singer Sonu Nigam on Friday lashed out the Jet Airways for suspending the crew members, who allowed him to perform impromptu on the aircraft's address system.
The Centre is likely to privatise profit-making enterprises, reversing its previous position of first closing or merging loss-making state-run units. The NITI Aayog, which is in the process of selecting public sector units for privatisation, is likely to put out its first list, focusing on companies in non-strategic sectors, along with those that have got Cabinet approval for stake sale, or are in final stage of due diligence. "The shortlisted firms will be put out in three-four tranches, with the first list comprising non-strategic ones, followed by strategic sectors with a focus on privatisation and not divestment," said a senior government official privy to the plan. He said the first report was expected in early April. The think tank approach is in sync with the government's new strategies on privatisation and asset monetisation.
A look at the star arrivals.
Star gather to celebrate Kaifisaab's centenary.
'If the government cannot protect the acid attack victims the least they can do is support their rehabilitation.'
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
A Bharatiya Janata Party MLA in Chief Minister Yogi Adityanath's parliamentary constituency Gorakhpur on Sunday pulled up a woman IPS officer publicly leaving her teary-eyed, an incident which was captured on camera and triggered a spate of allegations.
After screening his film for Akshay Kumar, Ashutosh Gowariker hosted two more for the cast and their families the next day.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'It's like the BJP is mocking people: Do what you want, we'll still win.'
'One often assumes that after being in a marriage for a while, one knows their partner really well.' 'But do we really know what they want?' 'What they need? What they seek.'
Kajol and Rani and their friends celebrated Shubho Bijoya with sindoor khela, and made pretty pictures.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
Why is the Simmba man on the prowl in the telly jungle?:))
State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that as many as 78,569 employees have opted for VRS, and added that it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January.
Dikshit, 81, passed away on Saturday afternoon at the Fortis Escorts Heart Institute in New Delhi due to cardiac arrest.
Producer Krishan Kumar and his wife Tanya threw a grand Diwali bash, and invited all their friends over.
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
The prime minister will also visit the Hanuman Garhi temple and the buildings on roads leading to it too are being spruced up.
Sonu Nigam, Mahima Chaudhary, Lesle Lewis and chef Sanjeev Kapoor attended the event.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Bollywood stars with their families responded to Prime Minister Narendra Modi's appeal to show the nation's 'collective resolve and solidarity' in its fight against coronavirus with a symbolic gesture of lighting a lamp on Sunday night.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
Veteran music composer Khayyam passed into the ages on August 19, and several film personalities visited his home in Juhu, a north west suburb of Mumbai, to pay their last respects.
Giving details of coronavirus situation in the country, Bhushan said the previous highest surge has already been crossed and the trend is going upward and that is a cause for worry and that is something they continuously share with the states and UTs and try to help them tackle the pandemic in a more effective manner.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
Instead of wasting your breath on badly recycled versions of beloved classics, listen to Sukanya Verma's pick of 15 under-rated Bollywood numbers.
The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
With the disruption caused by the second wave of Covid-19 pandemic, the 'fear of unknown' is looming over the government's privatisation drive. Although there is a lot of uncertainty and unpredictability on how things will unfold, the government is hopeful of completing the transactions listed in the Budget with a delay of one to two months, said a top government official. However, "there are many unknown factors now, and we do not know whether there could be a third wave. But we are trying to carry on with our work", the official said." Since there is a lot of uncertainty, the estimates will have to be revised as rating agencies are revising their outlook for growth.
'The announcement has come too late. This should have been done years ago.'
After a gruelling 24 hours, the PhonePe team has fully restored UPI on the payment platform. The app is up and running again with ICICI Bank as its new partner with all payment instruments enabled.
The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.
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