Bharti Global, the offshore investment arm of Bharti, has been awarded comprehensive licences to operate 3G as well as 2G mobile services in Guernsey, an island located in the English Channel in Europe.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
In a major liberalisation, the government on Thursday allowed manufacturing of several hundreds of equipment and products in the defence sector without licence.
Police have identified the suspect as 28-year-old Usman Khan, inspired by the ideology of Al Qaeda terror group, was previously sentenced to 16 years in prison term for his role in the London Stock Exchange bombing in 1990.
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
Here's a recap of the cases against the 'Being Human' star.
Capable of flying at Mach 2.5 (two-and-a-half times the speed of sound), the F-15EX is the world's fastest fighter aircraft. It carries 13.5 tonnes of weapons load, more than the Rafale or the Sukhoi-30MKI.
Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
Affordable pricing, a variety of themes, and the ease of transacting are among key reasons that have made smallcases a hit among young investors.
In a bid to check proliferation of both legal and illegal weapons, the government has decided to review the law for granting licences to individuals and keep a database of those issued across the country.
Bajaj Auto fears adverse impact on its exclusive loan deal with Bajaj Finance
Vodafone had contended in its plea that DoT instead of signing and executing the ULs had at the last moment informed them that their request for deletion of 'restrictive' clauses in licence pertaining to roaming cannot be accepted.
The sectarian killings by hit-and-run groups have revived and sharpened communal fears among the victims while the Poonch encounter reveals how deep the terrorists have dug in without getting noticed in the porous border area, notes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
AirAsia, the largest low-cost airline in Asia, announced the JV with Tatas late February. Last month FIPB had approved the proposal.
Pleading his innocence, actor Salman Khan on Wednesday alleged that he has been framed by the forest officials as he recorded his statement in a Jodhpur court in an arms act case against him in connection with poaching of protected blackbucks at Kankani village in October, 1998.
The case pertains to contravention of the Arms Act by using expired licence guns to allegedly poach black bucks in Jodhpur on October 1, 1998.
This is a national leadership gone so wrong that India's most powerful prime minister in four decades has personally taken charge of medical oxygen shortages, observes Shekhar Gupta.
Notwithstanding how the current impasse is solved, at some point in the future, Russia will realise that just as centuries ago it developed the paradigm of securing its heartland's safety through annexing vast buffer zones between itself and the enemy, a more modern security is possible only through friendly relations and sustainable peace, observes Shyam G Menon.
The decision to quiz Sinha, as also former Sebi Chairman M Damodaran, was taken after examination of another former Sebi chief C B Bhave earlier this month, during which the agency sleuths were told that public interest was involved in grant of licence to MCX-SX to trade in currency derivatives.
Indian arms of multi-national companies are no longer required to add licence fee, payable on goods produced in India, in the value of components imported from the collaborator.
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
Foreign cigarette companies could soon find it harder to sell their products in India. The government is looking into a proposal to ban foreign direct investment (FDI) in the wholesale marketing arms of these companies. It is also exploring the possibility of shifting the import of tobacco products from the open general licence (OGL) to the restricted list.
While giving approval to commercially develop land in Gurgaon, the Haryana government considered Robert Vadra's name and status as proof of his company's financial capacity.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
The judgment in the 2G case is a huge, huge, indictment of the criminal investigation and justice system, says R Jagannathan.
The group's telecom arm, RCom, saw its shares plunge by 8.11 per cent to a low of Rs 71.35 in morning trade, while Reliance Capital tumbled by 9.91 per cent to a 52-week low of Rs 323.55 on the Bombay Stock Exchange.
The jump in the sale of American weapons to India comes at a time when sale of weapons from the US to other countries has dipped to USD 50.8 billion in 2020 from USD 55.7 billion in 2019.
The Central Bureau of Investigation may give a clean chit to former Uttar Pradesh Minister Raghuraj Pratap Singh alias Raja Bhaiyya in the murder of Kunda Deputy Superintendent of Police Zia-ul-Haq as it has not found any anomaly in the lie detector test conducted on him.
'There is a Covid vaccine-mania that is happening in the world now and the vaccine makers are using this mania for their own gains'
Since the punishment under Section 7 is a minimum of 5 years, he cannot apply for bail in the TADA court in Mumbai. "He will now have to file an appeal against his conviction in the Supreme Court. Once the appeal is filed, he can then apply for bail.
Bandhan Financial Services, which was given a banking licence on Wednesday, hopes to come up with a unique business model, with a mix of doorstep and retail banking.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Bharti will have to deal with 15 different regulatory regimes in Africa as opposed to just one in India.
Korean National Oil Corporation had moved court after the Nigerian government cancelled its licence for block 321 and 323 and decided to restore them to OVL, the overseas arm of India's Oil and Natural Gas Corporation. Media reports from Abuja said a Federal High Court restrained the Federal government from interfering with operations of the two oil blocks.
The Tejas Mark 1A outperforms the Sino-Pakistan JF-17 Thunder in avionics and weaponry, but the finance ministry's tax burden makes the Indian LCA costlier and hurts it in the export market.
