Move will usher in competition in the sector with entry of new players.
The agriculture ministry, in the last few weeks, issued guidelines and letters to states to ensure agriculture and food products reach consumers in a timely manner, while farmers don't have to come to the mandis to sell them.
For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore (Rs 8.22 billion).
DoT plans to initiate move that might lower the revenues telcos share with government.
US SEC order says that Cadbury India paid an agent a total of USD 90,666 (Rs 61.70 lakh) for "providing consultation, arrange statutory/government prescribed formats of applications to be filed for various statutory clearances, documentation, preparation of files and the submission of the same with government authorities," for specific licences.
At present, other large players in the grocery and food retail space include Flipkart Supermart, Bigbasket, and Grofers.
Recommending technology neutrality, the Telecom Regulatory Authority of India on Friday said Internet service providers should be allowed to use any medium, including fiber and radio to provide services.
The spat between cable TV operators and broadcasters continues despite the appointment of Trai, with the cable service providers accusing Trai of being helpless in reining in broadcasters and calling for a licence regime to control the channels.
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
Hardening its stand on the issue, the Delhi government has recommended power regulator Delhi Electricity Regulatory Commission to revoke the license of Reliance Infra-backed power distribution companies if they fail to pay dues to NTPC and resort to long outages in large parts of the city citing fund crunch.
India has a unique window of opportunity to effectuate long-lasting structural change in its banking sector, says Riju Agrawal.
Airline officials said the operational launch may be held in the later part of October.
The Delhi high court on Friday asked the Centre to clarify by next Tuesday the timeframe within which it would take a decision on Telecom Regulatory Authority of India's recommendation that private FM Radio broadcasters be shifted from licence fee re
After Tatas and Reliance, yet another corporate giant - the Rs 20,000 crore (Rs 200 billion) Essar Group is entering the inter-state power trading business.
TRAI's recommendation to the Department of Telecommunication is aimed at encouraging faster provision of high-speed Internet services (broadband) by standalone ISPs.\n\n\n\n
Trai data show the company has no subscribers in Uttar Pradesh East & West and Bihar
Subscribers of wireless in local loop phones opting for full mobility should brace themselves for a change in numbering
Blind categorisation of OTTs with TSPs is damaging as the two are fundamentally different. It is naive to claim 'same service, same rules' when the services are so utterly different, says T V Ramachandran.
Blind categorisation of OTTs with TSPs is damaging as the two are fundamentally different. It is naive to claim 'same service, same rules' when the services are so utterly different, says T V Ramachandran.
Telecom Regulatory Authority of India on Monday recommended 100 per cent foreign ownership in satellite radio services and no entry and licence fee for the time being.\n\n
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Indian telecom sector has at present around 13 mobile phone service providers with some of them expected to go for consolidation once the final guidelines are in place.
According to a senior CBI official, the agency has evidence to suggest the finance ministry's recommendations were overlooked while giving a licence to MCX-SX in 2008.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
HSBC Holdings plc on Thursday said it was keen to study the opportunities available in the Indian insurance sector, including pension fund.
The interim Pension Fund Regulatory and Development Authority on Friday said it will appoint a Central Record-keeping and Accounting Agency and give licence to six pension fund managers to start the new pension regime by December this year.
The court allowed tips to performers but disallowed showering of currency on them.
