Industry

Twitter CEO Parag Agrawal to receive $1 million annual salary

Parag Agrawal, who has recently been named as the CEO of microblogging platform Twitter, will receive an annual salary of USD 1 million along with other perks and bonuses.

Twitter bans sharing private photos, videos of others without consent with certain exceptions

New Twitter policy to allow private individuals request removal of media.

Twitter will evaluate complaints by the subject of a picture or video — or someone representing them. (Reuters)

Paytm expects revenue, monetisation methods to expand in next few quarters: CEO Vijay Shekhar Sharma

Digital payments and financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters, according to a top company official.

vijay shekhar sharma

Government has no plans to implement rating system for MSMEs: MSME Min Narayan Rane

Credit and Finance for MSMEs: The erstwhile Performance & Credit Rating Scheme of the MSME Ministry was discontinued in December 2018. The scheme was intended to provide a third-party opinion on MSME

Innovation boost: Helping startups find their feet

Hyderabd’s T-Hub selects 11 startups for the Third Cohort of its funding programme ‘T-Angel’

startup

Jute balers seek increased regulation for prompt payment from millers

The JBA, in a letter to the textile ministry, alleged that a sizeable number of millers delay payment or even refuse to clear outstanding dues despite the Centre’s order last year of making prompt p

jute balers

Hiranandani group to build two more data centres buildings in Greater Noida

Each of the two buildings will have a capacity of 30 MW and will be ready to go live in January 2024.

data centres

Coal India Limited plans nearly 20,000 crore investment to augment evacuation capacity

The despatches of increased volume through rail mode would be both from upcoming greenfield and brownfield expansion projects, some of which have already become operational.

CIL

‘In my view, steel prices in the country will remain stable’

In an interaction with Rajesh Kurup, Rao said that Indian steel prices are likely to remain stable. Edited excerpts:

Seshagiri Rao MVS

India to have 810 million smartphone subscriptions by end of this year: Ericsson

According to the report, smartphone subscriptions accounted for 70% of total mobile subscriptions in 2021 and are projected to constitute around 94% in 2027, driven by rapid smartphone adoption in the

smartphone subscription

Succession plan: Shriram Group forms board of management

Stepping aside from a formal role, founder and patriarch of the group R Thyagarajan will now mentor the board of management, with the new leadership in place.

R Thyagarajan

Spectrum auctions: Trai to take up pricing, payment norms for review

Areas like block size, spectrum surrender and spectrum assignment for private networks may also be analysed in a fresh perspective.

It has also asked how should surrender of spectrum by operators be given shape.

Govt offering up to 50% discount to commercial miners for coal gasification

As per the original auction methodology for commercial coal mining — approved by the Cabinet in May 2020 — miners were provided a 20% rebate on the agreed revenue share for using the fuel for gasi

A recent Niti Aayog study has found out that methanol is much more economically competitive than ethanol when it comes to blending with gasoline.

IPPs seek stricter rules to ensure quicker payments from discoms

The disputed amount for central government owned power plants stood at Rs 4,220.3 cr while for private power producers, the same was much higher at Rs 19,312.7 cr.

SC allows Yes Bank to vote in Dish TV’s AGM

Essel Group-owned Dish TV India had on Monday night announced that it has postponed its annual general meeting, scheduled for Tuesday, by a month.

The police here did what even the National Company Law Tribunal did not do (freeze shares and voting rights)”.

Srei: Administrator admits Rs 22,910 cr claims from banks

Administrator Rajneesh Sharma has rejected claims of around Rs 1,604.63 crore by the commercial banks, while Rs 601.37 crore is under verification as of November 19.

Citing governance concerns and defaults by the two NBFCs in their various payment obligations, the RBI superseded their boards and appointed Sharma, former chief general manager, Bank of Baroda, as the administrator.

ESG, Green bond issues rise sharply in 2021 as Indian firms promote sustainable business

Dealers said companies get better rates on their ESG instruments rather than the normal fundraising instruments. Bank of America has made a global $1.5 billion sustainable finance commitment by 2030,

Dealers said companies get better rates on their ESG instruments rather than the normal fundraising instruments. Bank of America has made a global $1.5 billion sustainable finance commitment by 2030, which will focus on environment transition and development aligned to the United Nations sustainable development goal.

Fuel-stocking norms for power plants made more flexible

Designed by the CEA, these norms allow lower fuel stocks during the periods of low demand and mandate larger inventories during high-demand seasons.

ICICI Venture partially exits Go Fashion with 5x returns post listing

The asset management firm of the bank had invested Rs 100 crore for a 13.5% stake in Go Fashion via India Advantage Fund Series 4, the 4th PE fund of ICICI Venture.

The venture firm Venture has previously concluded over 70 exit deals worth about $2.25 billion in the last decade.

McNally Sayaji: NCLAT dismisses Kotak Mahindra Bank’s appeal to set aside insolvency proceedings order

The Kolkata bench of the National Company Law Tribunal (NCLT) had admitted ICICI Bank's application under Section 7 of the IBC for initiating the Corporate Insolvency Resolution Process (CIRP) against

MESL is the first Williamson Magor Group firm against which insolvency proceeding has been ordered.

Layered voice analysis: Using voice analysis to detect emotions

Genuine emotion detection and its new applications are gaining momentum among Indian security agencies, forensic labs and call centres

The Nemesysco CEO adds that LVA enables the users of the technology and their organisations to make “quick and effective decision-making based on any available human speech data” extracted with the technology.

RBI appoints three-member panel to advise Reliance Capital administrator

“It may also be mentioned that the Insolvency and Bankruptcy Rules, 2019 provide for the concerned financial sector regulator appointing a Committee of Advisors to advise the Administrator in the op

The constitution of new committee comes a day after the central bank superseded the board of Reliance Capital citing loan defaults and ‘serious governance concerns’ which the NBFC was unable to address.

Collections near normal level, but smaller MFIs still facing liquidity crunch, says CreditAccess Grameen MD

Hebbar said smaller MFIs with a portfolio of less than Rs 500 crore find it difficult to acquire funds because of their dependency on borrowing largely from non-banking finance companies (NBFCs) and o

As per a report released by the Microfinance Institution Network on Friday, aggregate collections are nearing 90% and disbursements are also closer to pre-Covid-19 levels.

Rupee Cooperative Bank gets RBI extension

Rupee has submitted various options for resolution of the bank, which include an exploratory proposal for merger. The RBI has given an undertaking in the Bombay High Court to take an appropriate decis

Rupee Cooperative Bank gets RBI extension
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