Shashank Singh played the innings of his life to power Punjab Kings to a famous win.
The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
Measures reportedly being mulled by the government to ease telecom industry's stress and fundraising may give Vodafone Idea the much-needed breather, but structural issue undermining the sector can be fixed only with "sizable" tariff hike for 4G prepaid customers, according to a note by Edelweiss. It further observed that as Voda Idea's large liabilities are falling due, and given the impending launch of JioPhone Next (whose rollout timeline has now been pushed to before Diwali), "the sooner the government measures as well as tariff hikes are rolled out, the better it is". It is pertinent to mention here that the telecom sector has been keenly watching out for the relief package, which could include redefinition of Adjusted Gross Revenue (AGR) to exclude non-telecom items, cut in levies such as Spectrum Usage Charges and easier terms and conditions for surrendering radiowaves to the government.
Non-Plan expenditure for April-May stood at Rs 2.01 lakh crore.
Chief Economic Advisor V Anantha Nageswaran on Thursday expressed hope that the economy will maintain the trend growth rate of 6.5 per cent and above for the rest of the years in the current decade. The economy will close the current fiscal logging in a growth of 6.5-7 per cent, he said, citing the projections of private sector analysts, Reserve Bank of India (RBI) and international agencies like OECD and the IMF. "This appears to be reasonable at this point in time although we will get the data on the fiscal second quarter in a few days, which will give more clarity on these numbers.
Rajasthan Royals have traded bowling all-rounder Krishnappa Gowtham to Kings XI Punjab before the IPL players' transfer window expires on Thursday.
Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) surged by 50.64 per cent to $9.1 billion in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), driven by healthy growth across segments due to a revision in the timeline of tax collected at source under the LRS scheme and normalisation in international travel. Major drivers include equity and debt investments, deposits, and the international travel segment, among others. According to the latest RBI data, the amount remitted under LRS stood at $9.1 billion in Q1FY24, compared with $6.05 billion in the same quarter last year.
The fiscal situation is an improvement over the previous year.
Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).
Stung by the government's punitive action on electric two-wheelers, registrations in April fell by nearly a fourth to 62,581 from 82,292 in March, according to data from VAHAN. Electric two-wheeler companies, including Okinawa, Hero Electric, Ather Energy, and TVS, have all clocked their lowest registrations in the four months of this calendar year. Ola Electric has been the only exception to this bloodbath, and has crossed its March numbers, hitting 21,560 registrations in April, which is its highest in this calendar year. As a result, there have been some interesting changes in the electric two-wheeler pecking order.
N Chandrasekaran received Rs 2.62 crore (Rs 26.2 million) as perks.
A 61-year-old lawyer suffering from cancer was found dead inside her house in Noida in a posh locality, with the police Monday arresting her former Indian Information Service (IIS) officer husband and charged him with the murder.
Sanjib Jha, CEO, Coverfox Insurance Broking answers your health insurance related queries.
India fast bowler Jaydev Unadkat claimed a Rs 11.5 crore deal with the usually thrifty Rajasthan Royals even as South African pace ace Dale Steyn went unsold on the second day of the Indian Premier players' auction in Bengaluru, on Sunday.
Sebi wanted to know how much Mutual Fund head honchos were paid. A look into who got how much...
Adolf Hitler's personal telephone which the Nazi dictator used to give deadly orders during the World War II has been sold for a whopping $243,000 (Rs 1.62 crore), more than double the starting price, at a US auction.
In Phase 6, indications are that the BJP, which is defending 40 seats, will lose in double digits and gain in single digits. Not good, if you are the ruling party scrambling to earn a working majority, with just one phase left to go, argues Prem Panicker.
Over 83 per cent of the more than 13 lakh electorate cast their vote on Monday in the single-day Nagaland state election which passed off by and large peacefully, Chief Electoral Officer V Shashank Shekhar said.
As dramatic as it gets, but a former Indian Information Service (IIS) officer kept hiding inside a store room for more than 10 hours after killing his wife even as police teams along with a dog squad searched his property.
Krunal Pandya on Saturday became the costliest uncapped buy in IPL history, going for a whopping Rs 8.8 crore to Mumbai Indians as rookie players, both Indian and overseas, turned overnight millionaires in the auction in Bengaluru.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
Home First Finance will be answering readers' home loan queries. Mail your queries to getahead@rediff.co.in with the subject line 'Home Loan Query' and we will have your queries answered by Home First Finance.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Showing signs of financial strain, the government's fiscal deficit in the first five months of the ongoing financial year has already touched 74.6 per cent of the budget estimate.
Assam Chief Minister Himanta Biswa on Tuesday said that the Centre is likely to sign a peace accord with militant organisations from the state's Adivasi communities within September.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
A total of 62 players were sold at the auction for the 13th edition with the eight franchises spending a total of 1.403 billion rupees ($19.73 million). Australia's Pat Cummins became the most expensive overseas buy ever in the Indian Premier League when the Kolkata Knight Riders paid a staggering Rs 15.50 crore ($2.18 million) for the fast bowler in Thursday's auction in Kolkata on Thursday.
Gaurav Mohta lists three ways to ensure a smooth financial situation for your family despite rising interest rates.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The aim is to reduce working expense by about 15 per cent.
Ayush Badoni sizzled on a gloomy day in Lucknow with a career-best 59 to steal the thunder in the rain-hit match against Chennai Super Kings.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
BHEL, YES Bank, RCom, Titan Ind, JP Associates, BF Utilities, Ruchi Soya and Punj Lloyd have tanked more than 10% each on BSE.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
As many as 379 cases of central excise duty evasion were registered in 2013-14.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
