Order on AGR applies to all telecom licensees: Ravi Shankar Prasad
“While most of the licensees of DoT were not direct party to the dispute, the ratio of the judgement will be applicable on all the licensees,” said Ravi Shankar Prasad, answering a question in the Lok Sabha. This implies that companies with even minor telecom businesses may have to pay dues based on their entire revenue with retrospective effect.
NCLAT directs ED to file final affidavit in BPSL assets attachment matter
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of assets of Bhushan Power and Steel Ltd (BPSL). The NCLAT has directed to list the matter on December 12 for the next hearing. The appellate tribunal was hearing a batch of petitions, against the attachment of BPSL assets.
Oil companies' shares fall on OPEC output cut buzz
Shares of Indian Oil Corporation were down by 0.23 per cent to Rs 125.70 apiece.
Auditor general detects financial irregularities of Rs 108 crore in NRC
Supreme Court monitored NRC exercise started in December 2013. The Office of Accountant General (Audit) had submitted to State Coordinator, NRC the inspection report of the office of State Coordinator, NRC for the period April 1, 2014 to December 3, 2017 with a request to furnish reply to the Inspection Report within one month.
Haier makes a Rs 775 crore bet on Indian arm
The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).
Sensex rises 100 points, Nifty nears 12,050 amid firm global cues
Volatility indicator India VIX punged 9.78 per cent to below 13 level.
ET Awards 2019: Wipro wins the 'Corporate Citizen of the Year'
Rishad Premji wipro chairman receives the 'Corporate Citizen of the Year'. Watch!ET Awards 2019: Wipro wins the 'Corporate Citizen of the Ye...
NSE Indices launches Nifty Bharat Bond Series
The indices will have a base date of November 29, 2019 and a base value of 1,000.
5 reasons why RBI didn't go for rate cut
The Reserve Bank of India on Thursday maintained the status quo on policy rates in its fifth bi-monthly monetary policy review of the financ...
RBI to see full pass through of previous rate cuts before taking any action
The Reserve Bank of India justified its decision to pause its policy rate action by maintaining the repo rate at 5.15 per cent. This was not in line with the market consensus which expected a 25 bps (one bps is 0.01 per cent) reduction of the benchmark policy repo rate by the central bank. Spike in inflation was one of the main reasons for not doing so.
Government approves allocation of 5 coal blocks, to generate Rs 17,136 crore revenue
For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produce in open market. "The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines," the Coal Ministry said in a statement. This was the result of the auction conducted by the Centre last month.
General Motors, LG Chem to announce EV battery joint venture in Ohio
One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each.
Corporate frauds see a massive surge: SBI
The April–November period this year recorded 200 times more frauds compared to entire FY18.
RBI Monetary Policy December 2019: Key takeaways
While announcing the observations and decisions of the Monetary Policy Committee's meet for December 2019, Governor Shaktikanta Das announce...
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