The public sector firm has launched STVs in the range for Rs 23 to Rs 41 for prepaid customers whereas postpaid users have to pay a fixed monthly charge of Rs 20 to Rs 40 to avail the cheaper rates.
Resolving the TBS challenge comprehensively would require 4 Rs: Recognition, recapitalisation, resolution and reform.
A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
With Ola Corporate, aims to provide services to 10,000 firms by next year
Inviting private sector in Indian Railways is a good idea.
Abramovich handed Chelsea director control of firm on day of Ukraine invasion - filings
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
There is no one way to describe the 12 months that have gone by since India reported its first Covid-positive case on January 30, 2020.
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
The wave of enthusiasm for digital technology had faded as we'd grown more and more worried about what smartphones and social media were doing to society and to us as individuals. Now that switchback ride between hopes for the technology and fear of it seemed to have taken us on another upward path, as the virus made us fall back in love with it. Read on for an intriguing excerpt from Rory Cellan-Jones's Always On: Hope And Fear In The Social Smartphone Era.
If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
'By the time actual action began, it was already too late.' 'The virus was raging.'
'The skills and abilities of civil servants are still respected, even though they become whipping boys when things go wrong.'
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
The upward revision is due to stronger-than-expected GDP numbers for the quarter ended March 2016.
In a filing to the Bombay Stock Exchange (BSE), USL said it had made a recommendation to the board of subsidiary United Spirits to consider the sale of the entire share capital of Whyte & Mackay.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
'I am very optimistic about Tech Mahindra'.
Indian students planning to study abroad this year have to pay higher fee, fund their quarantine stay and also compete for on campus work opportunities.
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
The coal-bearing states shall be getting additional revenue from such coal mines.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
OVL, along with Oil India Ltd, had in June agreed to buy Videocon Group's 10 per cent in the same block for $2.48 billion.
Chinese telecom gear giant Huawei Technologies has sought permission for access to the government's 'Trusted Telecom Portal' which went live on June 15 so that it can share details about the telecom products which telecom service providers have agreed to buy from it. The move is significant as sources close to the development say that, according to Chinese telecom companies' interpretation, the new National Security Directive on the telecom sector does not in any way prohibit them from participating in the process of selling telecom equipment of any kind to private telcos. The firm is waiting for a response from the government. It declined to comment.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
The pandemic has brutally highlighted the inadequacy of India's administrative systems. And, the government has demonstrated its culpable inability to speed up vaccination in a timely manner, says Jaimini Bhagwati.
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Their success or failure will eventually hinge on how much equipment the services procure, and whether the finance ministry supplements the allocations in the Budget
'What proportion of the people require the vaccine for us to manage this entire COVID-19 situation?'
As the pandemic enveloped various parts of the US, Kinsa's app alerted its team and wherever possible, the company made the data public. Between March 1 and November 1, 2020, the company captured close to 15 million fever readings and 1.7 million symptom inputs on its app. Several researchers and The New York Times downloaded the company's data, which showed that it was in general three weeks ahead of the surge.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
A fresh global skill gap study shows how India can tap opportunities in Germany, New Zealand, Qatar, Malaysia, The Netherlands, Saudi Arabia, Singapore, Sweden, Switzerland, UAE and the UK.
Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as the ride-hailing company's revenue declined 65 per cent to Rs 689.61 crore amid COVID-19 induced lockdowns. As per regulatory documents filed by ANI Technologies - the parent company of Ola - it had logged standalone operating profit (profit before finance cost, depreciation, amortisation and tax (EBITDA)) of Rs 89.82 crore in FY21 on a standalone basis, while it had registered a loss of Rs 610.18 crore in the preceding fiscal year.
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