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FE Bureau

He added that the directive will also not affect annual maintenance contracts or updates to existing equipment already inducted in the network as on date of effect of the directive.
5G trials to start very soon: Ravi Shankar Prasad

Emphasising on the government’s focus to become a global hub for electronic manufacturing, the minister said the aim is to…

By FE Bureau
December 16, 2020 02:45 IST
Our members too have supported microloan borrowers during this unprecedented challenging period, helping them restart credit cycle and rebuild their livelihoods.”
‘NBFC-MFIs loan disbursement falls 43% to Rs 10,617 cr in Q2’

The micro loan disbursed during the second quarter, however, saw over 18-fold quarter-on-quarter increase from Rs 570 crore. In the…

By FE Bureau
December 16, 2020 02:30 IST
At present, dates and dragon fruits are being exported by Kutch farmers without any government interference, he claimed, adding that a similar success story has been scripted in dairy and fisheries sectors across the country.
Farm laws are in interest of farmers but the Opposition misleading them: PM

On the occasion of the foundation stone-laying ceremony of the world’s largest hybrid renewable energy park in the bordering Kutch…

By FE Bureau
December 16, 2020 02:15 IST
National Pension System, NPS, section 80CCD (2), tax benefits, employees, employers, section 80C, section 80CCD 1(B)
Government sector: Net NPS subscriber addition crashes

According to the PFRDA data, only 41,036 subscribers from the central government sector joined the NPS between April and November.…

By FE Bureau
December 16, 2020 02:00 IST
Calcutta High Court stands by JC’s move to ease supplies and check raw jute prices

The HC said that the application to the JC “shall contain the name of each of its (The Jute Balers…

By FE Bureau
December 16, 2020 01:00 IST
PC Gaming: Give your game the perfect set-up

Around 57% of PC gamers highlight slow storage as the biggest pain-point, says a Western Digital study

By FE Bureau
December 16, 2020 00:30 IST
Ola to invest Rs 2,400 crore to set up EV plant: World’s biggest e-scooter factory to create 10,000 jobs

The company is gearing up to launch the first of its range of electric scooters in the coming months. The…

By FE Bureau
December 15, 2020 10:28 IST
Tata Sons ‘wrongly suggested’ SP Group can’t complain about misuse of AoA: Mistry counsel

Senior counsel CA Sundaram told a Bench led by Chief Justice SA Bobde that Tata Sons “wrongly suggested” that the…

By FE Bureau
December 15, 2020 08:21 IST
Some associations recommended that the government pare back its stake in state-run banks, barring the top 3-4, to below 50% via the market route over the next 12 months.
Pre-Budget meeting: India Inc tells Centre to boost non-debt receipts

They suggested that the Centre set realistic revenue and deficit targets for FY22, avoid excessive off-Budget borrowing and firm up…

By FE Bureau
December 15, 2020 07:45 IST
Under the earlier plan, the buyer was required to take over the airline’s estimated residual debt of Rs 23,286 crore (from the total about Rs 60,000 crore debt as on March 31, 2019).
Air India sale: Employees, NRI group in the race

Tata Group through its aviation firm AirAsia India is also said to have submitted EoI, but there was no official…

By FE Bureau
December 15, 2020 07:30 IST
Due to the plant, nearly eight lakh people across the parch regions of Mundra, Lakhpat, Abdasa and Nakhatrana of the district will get benefit.
PM Modi to lay renewable energy park foundation stone in Kutch

The hybrid park, to be developed near Vighakot village, is spread across 72600 hectares where wind as well as solar…

By FE Bureau
December 15, 2020 05:10 IST
The need for growth capital, deleveraging to support growth as well as building buffer capital to face challenges arising on account of Covid will see a buoyant fundraising activity.”
Kotak Mahindra Capital sees a buoyant IPO market in 2021

The investment banking firm said on Monday IPO activity is expected to be dominated by resilient sectors such as new-age…

By FE Bureau
December 15, 2020 04:15 IST
Thereafter, banks had sought clarifications about what constitutes the definition of 'aggregate exposure', among other things.
RBI exempts 7 categories of accounts from ambit of current accounts circular

“On a review, it has been decided to permit banks to open specific accounts which are stipulated under various statutes…

By FE Bureau
December 15, 2020 04:00 IST
He cited an example of a state where the tariffs have not increased for three years and the state is in financial trouble.
Half-hearted reforms won’t help salvage discoms: RK Singh

Stressing the need for robust and sustainable revenue stream for discoms which have been given many bailout packages, the minister…

By FE Bureau
December 15, 2020 03:45 IST
The health authorities and the institute are working closely to contain the outbreak by saturation testing and isolation of all positive cases, it added.
Covid-19 outbreak: IIT-M shuts down academic zone temporarily

As soon as a spurt in symptomatic cases was reported by some students residing in the hostels, the Institute has…

By FE Bureau
December 15, 2020 03:15 IST
v
Centre releases seventh tranche of GST compensation payment

Of this amount, Rs 5,516.6 crore was allocated to 23 states while the remaining was given to the three Union…

By FE Bureau
December 15, 2020 03:00 IST
This has resulted in the arrest of 140 persons including 5 chartered accountants. The department has also booked 1,488 cases against 4839 fake entities.
Transporters found undervaluing goods to evade GST

A preliminary investigation showed that the goods reported to the GST system had been under-valued by as much as 30%,…

By FE Bureau
December 15, 2020 02:45 IST
He added that the directive will also not affect annual maintenance contracts or updates to existing equipment already inducted in the network as on date of effect of the directive.
After smartphones, focus now on manufacturing laptops, tablets: Prasad

Prasad said the applications of 10 mobile manufacturing companies, including both domestic and foreign, have been approved for the scheme…

By FE Bureau
December 15, 2020 02:30 IST
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