DoT slaps Rs 3,050 crore penalty on Airtel, VIL; Airtel to approach court
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The DoT has given three weeks time to the telecom operators to pay the penalty, a source said while sharing the content of the demand notice served to the companies on Thursday.
Addition of gold reserves from 2018 will help India#39;s sovereign rating: IIM-A study
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The study of 48 countries by the premier institute#39;s #39;India Gold Policy Centre#39; for two decades ending 2020 said high levels of central bank gold reserves have a strong impact in reducing the sovereign credit risk of that country in international mar
Grand Challenge will have total subsidy of Rs 1,800 crore for 3,472 electric buses
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The subsidy for the scheme will be based on operating expenditure, unlike the earlier capex-based programmes. The scheme falls under the remodeled Faster Adoption and Manufacturing of Hybrid and Electric vehicle 2 (FAME) scheme.
Grand Challenge will have total subsidy of Rs 1,800 crore for 3,472 busesÂ
newsdepo.com
The subsidy for the scheme will be based on operating expenditure, unlike the earlier capex-based programmes. The scheme falls under the remodeled Faster Adoption and Manufacturing of Hybrid and Electric vehicle 2 (FAME) scheme.
DoT asks Vi, Airtel to pay Rs 3,050 crore in 3 weeks: Report
newsdepo.com
Vi has to pay Rs 2,000 crore and Airtel Rs 1,050 crore. Notably, Viâs bigger fine comes from its 2018 merger with Idea Cellular, which was fined Rs 950 crore.
India#39;s agri exports can be doubled in #39;medium term#39;, says ITC Chairman
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#39;I think the most important sector that we need to deal with is really the agriculture value chains. And to that I would also add the wood-based value chains as an opportunity,#39; Puri said.
NMDC eyes 47 mn tonne iron ore production in FY22, to spend Rs 3,720 crore on capex
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During the first quarter of the fiscal, NMDC achieved production of 8.91 MT and sales of 9.45 MT respectively - its best Q1 since inception, Deb noted.
Sebi extends deadline for investment advisers to conduct annual compliance audit
newsdepo.com
Sebi prescribed a timeline of six months from the end of each financial year for IAs to conduct an annual audit in respect of compliance with Investment Advisers norms.
Foreign exchange reserves rise $34.1 billion in June quarter: RBI data
newsdepo.com
On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $31.9 billion during the June quarter compared to the same period a year ago.
Wall Street open higher in final session of third quarter
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The Senate was expected to approve later Thursday a stopgap measure to fund the government and avert a shutdown. However Washington remains mired in partisan conflict over President Joe Biden#39;s wider legislative agenda.
Maruti Suzuki to cut October output by 40% due to semiconductor shortage
newsdepo.com
The cut in output comes just at the start of the festive season which begins on October 7 with the start of Navratri. This is usually the time of the year when automakers build inventory for the rush in demand
The initial share-sale comprises fresh issuance of equity shares of up to 38 lakh and an offer for sale of up to 90 lakh equity shares by promoter Abhishek Bansal, according to the draft red herring prospectus (DRHP).
The price of natural gas produced by state-owned firms such as ONGC from fields given to them on nomination basis will be $2.90 per million British thermal unit for the six month period beginning October 1, an official order said.
WhatsApp adds Rupee symbol in chat composer to ease sending payments
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Speaking at the Global FinTech Festival (GFF) 2021, WhatsApp India Director Payments Manesh Mahatme said the company believes that true inclusion is when customers don#39;t have to navigate their way through their phone to make a payment.
BSNL seeks Rs 40,000 crore support from government
newsdepo.com
The BSNL CMD confirmed that he has approached the government for the support, which is beyond the Rs 69,000 crore relief package that was announced in 2019.
Eight core sectors#39; output grows 11.6% in August
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The eight core industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Maruti Suzuki launches virtual car assistant S-Assist#39; for Nexa customers
newsdepo.com
Available at free of cost to customers of the company#39;s cars sold through its premium outlet NEXA chain, the S-Assist provides multi-media content like do-it-yourself videos, digital literature, and workshop assistance on smartphones.
