New Delhi: The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020. The National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the RBI, to transfer funds from one bank account to another. Money transfer can be made by […]
New Delhi: Global FMCG major Coca-Cola is on track to complete all its investment commitments in India, including the $1.7 billion funding to create a “Fruit Circular Economy” meant to aide the Indian agri-ecosystem, a senior company executive told IANS. The planned investment of $5 billion announced by the company in 2012 is expected to […]
New Delhi: The Department of Telecom’s (DoT) plans to hold the spectrum auction before the fiscal has not been put off and discussions are on to cut the auction prices to make it affordable for telecom companies, according to official sources. There could be up to a 35 per cent reduction in spectrum auction prices […]
New Delhi: Saudi Aramco launched has its prospectus for the worlds biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India angle-acquiring 20 per cent in Reliance Industries Limited (RIL) oil to chemicals business and an expansion of its upstream business in high growth markets. In […]
In a bid to stand tall in the telecommunication sector, Bharti Airtel recently unveiled a new brand identity ‘Airtel Xstream Fibre’ for its home broadband services. All home broadband plans will now be available under the new brand umbrella. The new brand identity reflects the strength of Airtel’s future ready network that offers ultra-fast broadband […]
Hangzhou (China): E-commerce giant Alibaba’s Singles’ Day sales on Monday hit a record USD 31.82 billion in sales, crossing its previous record of USD 30.8 billion in 2018. In 16 hours 31 minutes of the event going live, the total gross merchandise value (GMV) exceeded USD 31.82 billion (about RMB 223 billion), surpassing the total […]
New Delhi: In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on […]
New Delhi: At a time when the revival package for BSNL and MTNL has been announced, demoralised Indian Telecom Service (ITS) officers of the companies have sought the intervention of the government. The Indian Telecom Service Association (ITSA) has asked the Central government to issue directions to the Department of Telecommunications (DoT), BSNL and MTNL […]
New Delhi: The British media is calling Vodafone’s ultimatum not to pump in more capital in India, a “potentially disastrous but fitting end to Vodafone’s big bet on India” where the destruction of value has been complete. Global telecom player, Vodafone has told Indian authorities that it will not provide more capital for its India […]
Mumbai: Edelweiss Financial Services has been witnessing slow growth and pressure on margins, however, current quarter performance raises concerns over asset quality as well, Emkay Global said on Wednesday. Emkay reasoned that the company’s loan book dipped year-on-year as well as a sequential basis to Rs 411 billion as consolidation in the loan book continued […]
New Delhi: In line with Finance Minister Nirmala Sithraman’s policy of discussion with stakeholders on policy matters, in a first the Finance Ministry has started the next budget planning by inviting suggestions on changes in direct and indirect taxes, including their rates, from industry and trade associations. Sitharaman, who had earlier announced additional measures to […]
New Delhi: Moody’s Investors Service on Thursday cut India’s economic growth forecast for current year to 5.6 per cent from 5.8 per cent estimated earlier, saying GDP slowdown is lasting longer than previously expected. “We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in […]
Chennai: India’s insurance sector regulator has directed general and health insurance companies to take action against hospitals if they don’t provide cashless facility for Covid-19 claims. In a circular the…
Mumbai: Vodafone Idea on Thursday lost over 20 per cent during the early trade on Thursday on reports that the Department of Telecommunications asked the telecom firms to pay their revenue share dues within three months. Bharti Airtel also saw heavy selling pressure, falling over 5 per cent. However, it recovered later to trade at […]
New Delhi: In a relief to taxpayers, the government on Thursday extended the due dates for filing GST annual returns for 2017-18 to December 31 and for the financial year 2018-19, to March 31 next year. The dates for filing the reconciliation statement has also been extended accordingly. In another relief, it has also decided […]
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