FE Bureau

Media and entertainment industry may grow to Rs 4,51,373 crore by 2023

Subscription video on demand (SVOD) is estimated reach Rs 10,708 crore in 2023 from an estimated Rs 3,756 crore in 2018 on the back of attractive subscription rates, localised content and bundled packages, according to the re

Indian entertainment and media industry, CAGR, OTT video market, Boston Consulting Group, Amazon Prime Video , Netflix, Amazon Prime video News

Gujarat salt manufacturers facing new lease grant issues

“The salt manufacturers in Gujarat are facing problems related to approval of new leases as well as renewal of salt pan leases due to unclear guidelines. As a result of it, salt manufacturers have to depend solely on the re

Gujarat salt manufacturers, Gujarat, CSMRI, Salt Act, ISMA, salt industry,  Odisha salt News

Draft norms for ‘on-tap’ licensing of small finance banks by August end

RBI seeks to enhance supply of credit to small borrowers and encourage competition

Reserve Bank of India, Small Finance Banks, licensing of Small Finance Banks, RBI Act News

RBI governor says revised circular on resolution of stressed assets in 3-4 days

“It has taken a little more time than we had originally anticipated but it will be issued very shortly. And very shortly means in a matter of 3 or 4 days,” RBI governor Shaktikanta Das told reporters at a post-monetary po

RBI governor, Shaktikanta Das, Supreme Court, Insolvency and Bankruptcy Code, stressed assets, resolution of stressed assets News

Dovish RBI lifts bonds, yields at 18-month low

What cheered the markets was the announcement of a committee to review the liquidity management framework.

RBI, Indian bonds, CPI inflation, MPC, global markets, Banking system liquidity, ICICI Securities News

RBI waives NEFT, RTGS payment charges to promote digital transactions

The RBI has been levying charges ranging between Rs 2.5 and Rs 25 on banks for transactions routed through the NEFT system, depending on the value of the transaction.

RBI, NEFT, RTGS payment charges, digital transactions,  Nandan Nilekani,  digital payments News

RBI pushes for retail participation in state development loans

Treasurers believe there although retail participation in SDLs is a welcome move, it wont have much effect unless these instruments pay higher returns than standard savings products.

Reserve Bank of India,  retail participation, state development loans, sovereign bonds, Indian debt markets News

Take 5: Ashish Mishra, Managing Director, Interbrand India

The Collected Poems by Sylvia Plath. Have always loved her poems for their intensity. After this, I will pick up the social sensation Rupi Kaur’s book

Take 5, Ashish Mishra, Managing Director, Interbrand India News

Around the world: Amazon to open pop-up shops in the UK

The e-commerce giant is expected to open 10 pop-up shops selling everything from food and drinks, to electronics, beauty products and homewares.

Industry News

Modi govt forms two cabinet committees to bolster employment, economic growth

The five-member Cabinet Committee on Investment and Growth includes Amit Shah, Nirmala Sitharaman, road and MSME minister Nitin Gadkari and Piyush Goyal.

Modi govt,  Narendra Modi,  Narendra Modi Cabinet committees, BJP, Piyush Goyal, Amit Shah, Nirmala Sitharaman, Dharmendra Pradhan, Narendra Singh Tomar News

PMI survey: Services sector growth hits 1-year trough in May

Inflows of new business orders at service providers rose at the slowest pace in eight months.

PMI survey, Services sector growth, Nikkei India Services Business Activity Index, IHS Markit, GDP growth, manufacturing industry News

DHFL’s commercial paper rating downgraded to default by Crisil, Icra

The lender’s total borrowings, including deposits, loans from NHB, banks and the debt markets, stood at Rs 1 lakh crore at the end of December 2018, according to a company presentation.

DHFL, DHFL commercial paper rating, Crisil, Icra, non convertible debentures, Mutual fund houses News

Gujarat launches pilot of unique emission trading scheme

The scheme wouldn't change or remove any existing legal and regulatory requirement for industries to meet the prescribed concentration standards for particulate emissions.

emission trading scheme, Emission Trading Scheme, ETS-PM, Gujarat government, GPCB, Vibrant Gujarat Summit  News

Indian Bank opposes merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

Oriental Bank of Commerce,  Indian Bank and Corporation Bank, OBC shares, Prompt Corrective Action, BSE,Corporation Bank News

Major setback to NHAI: Delhi HC directs it to pay Rs 142 crore to JV

Pursuant to the HC’s directions, the NHAI had deposited the award money in the court on January 25.

NHAI, Delhi High Court, PNC Infratech, PNC-BEL JV, Uttar Pradesh News

Delhi International Airport’s loss at Rs 112 crore in 2018-19

Aero revenues, which include passenger service fee, landing and parking charges for airlines, were down 42% year-on-year to Rs 987.8 crore due to low airport tariffs for the ongoing control period — a five-year period for w

Delhi International Airport, Delhi International Airport revenue, DIAL, GMR Infra subsidiary, Ebitda, GMR group, Indira Gandhi International airport News

Greener future: JLR in pact with BMW to develop electric vehicle technology

The companies will jointly invest in research & development, engineering and procurement, which will provide the necessary economies of scale to support increased consumer adoption of electric vehicles

Tata Motors, Jaguar Land Rover, BMW Group, electric vehicle technology, BMW Group, Nick Rogers News

Automobile brand MG to make it EV SUV in India, launch it in December

With a full-sized boot and room for five, the company says the MG EZS is for people who want to go electric but also need the space and practicality of a compact SUV.

Morris Garages, EV SUV in India, Morris Garages EV SUV in India, World Environment Day, MG EZS, MG Motor India, Gujarat News

IBC: CoC to decide suitor for Orchid Pharma by tomorrow

Accord Life Spec, part of Accord Group, has diversified interests in medical education, technical universities, hospitals, breweries and hotels.

IBC, CoC, Orchid Pharma, Accord Life Spec, NCLT, Ingen Capital Group News

Waaree sees more revenue from EPC biz as imports rise

“The utilisation levels of the solar module plants are fluctuating, though as of now the plant load factors are gradually rising up,” said Sunil Rathi, director, Waaree Energies.

Waaree Energies, EPC projects, domestic panel makers, Indian Solar Manufacturers Association, Gujarat plant  News

Wipro acquires US firm ITI for $45 million

Headquartered in Ohio, USA, ITI has offices in the UK, Italy, Israel and Germany, and directly provides software products and services to manufacturers across segments.

 Wipro, Wipro acquires US firm ITI, International TechneGroup Incorporated , CAD, MBE, PLM vendors News

Internet of things: Tata Communications offers bundled IoT solutions on a marketplace platform

Tata Communications offers bundled IoT solutions on a marketplace platform

Internet of things, Tata Communications, IoT solutions, CAGR, IoT Marketplace, online B2B marketplace News

Piyush Goyal to chair meet on June 6 on ways to boost exports

The minister will chair a joint meeting of the Board of Trade and the Council of Trade Development and Promotion.

Piyush Goyal, US, China, export growth, global growth, Chinese mills, Indian exports, US china trade talk News

Brewing trouble: Auditors raise doubts if MTNL can continue as a going concern

The company's total liabilities during the financial year 2018-2019 stood at Rs 14,601.82 crore, while the net worth of the company is negative Rs 9,918.33 crore.

MTNL, MTNL loss, MTNL revenue, 4G spectrum, MTNL jobs, MTNL vacancy, Mahanagar Telephone Nigam Ltd, P K Purwar, 4G, radiowaves News

Big bank theory: Indian Bank and Corporation Bank may merge into OBC

Indian Bank saw a net loss of Rs 190 crore in the March quarter, against a net profit of Rs 132 crore in the same period last year.

PSBs, OBC, PSB mergers, public sector banks, public sector banks merger, Oriental Bank of Commerce merger, Indian Bank, Corporation Bank News

52 electricity transmission towers collapsed between Oct 2016 to March 2018: CEA

Since 2007, the maximum number of annual tower failures (163) were recorded in 2014, while the lowest (12) occurred in 2011.

electricity transmission towers india, Central Electricity Authority, CEA report, electricity transmission towers irregularities, transmission irregularities, Power Grid Corporation of India, PGCIL, L and T, Adani Transmission, Essel Infra News

Amit Shah-led GoM discusses plan to spur investments in oil and gas

It was also envisaged that by 2030, the import dependence should be halved. However, the dependence has been growing since and it stood at 83.7% in 2018-19,

home minister Amit Shah, Amit Shah policy, amit shah, amit shah, Indian oil companies, oil imports india, oil imports iran, india iran, india iran oil, iran us oil, us sanctions Iran News
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