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Telecom industry revival package: Telcos get cash flow boost as Cabinet clears relief package
While telecom industry veterans like Sunil Bharti Mittal and Mukesh Ambani welcomed the relief measures, analysts said apart from the cash flow relief component, companies would not benefit much as most of the measures are linked to future spectrum auctio
Tata group among bidders for debt-laden Air India
Only the bids of investors who have received security clearance from the ministry of home affairs will be opened soon, official sources said.
Jet ready to take off in early 2022
The process of reviving the carrier is on track, with the existing air operator certificate (AOC) already under process for revalidation, the consortium said, adding that it is working closely with th
Bank loans to NBFCs grow slower as credit to small lenders dries up
Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book actually shrinking 2.2% y-o-y in June 2021.
New Incentives: Mega textile parks near ports to boost exports
Such mega parks will be able to better draw overseas buyers by offering a broad range of products and cater for large orders, given the greater synergy among its resident entities.
Atal Pension Yojana: Income losses force workers to opt out
Meanwhile, the government is considering combining APY with two popular insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana
Chip Shortage: Production-linked incentive scheme for IT hardware likely to be extended by a year
As is known, under the PLI, manufacturers are expected to meet the incremental production and sales target every year during the tenure of the scheme against the base year.
Real Estate trends: Housing supply and demand set to grow this festival season
In Mumbai Metropolitan Region (MMR) alone, consultants expect 2 million sq ft of launches in the coming festive months with 25-30 big launches planned.
Airtel not keen on low-cost phones; so far Reliance Jio only player to announce plans for hardware
As per Bharti, the learning from other geographies suggests that the consumers have shown a high propensity to switch service providers as subsidies are phased out eventually.
Collapse of consumption, return of labour to agri testimony to policy failure: West Bengal finance minister Amit Mitra
Persistent inflationary trend has also eaten into the meager consumption expenditure of the common people and has reduced their real income, he noted.
High shipping costs: Scheme to aid farm exporters back & fortified
The TMA scheme, introduced in March 2019, was initially applicable for exports undertaken up to March 31, 2020. Subsequently, it was extended up to March 31, 2021.
Chip shortage: Jio-Google smartphone launch delayed, now expected during Diwali festive season
Low-cost phone slated for Sept 10 will now come by Diwali
Setback for DMRC: Supreme Court upholds over Rs 4,600-crore arbitral award in favour of Reliance Infra
Soon after launching a joint public private partnership to build, operate and run the Airport Express line on August 25, 2008, DMRC and DAMEPL’s pact had fallen apart over some issues. Subsequently,
Big relief: Govt to clear Rs 56,000-crore dues owed to exporters
India has witnessed a surge in outbound shipments this fiscal and the expeditious clearance of dues will help the country achieve a rapid pace of export growth, Goyal said.
Supreme Court stays all Delhi HC proceedings in Future-RIL deal: Sebi, CCI, NCLT told not to pass any order for 4 weeks
The judge had also asked for attachment of the assets of Biyani and other directors, and had asked them why they should not be sent to prison for breach of the EA’s interim order.
Byju’s valued at near $17 billion: Raises $150 million; eyes $21 billion in valuation
The Bengaluru-based edtech firm that has raised a lot of capital from investors through 2020 and 2021 will use the bulk of the funding to finance its spate of acquisitions.
Textiles get Rs 10,683-crore PLI boost, cotton out: Investors in select MMF, technical textile facilities to get up to 15% incentives for 5 yrs
The incentives will be provided for incremental production in 40 man-made-fibre-based garments, 14 MMF-based fabrics and 10 technical textile segments, textiles secretary UP Singh told FE.
Retail Mutual Funds investors turn cautious in August
According to NS Venkatesh, chief executive officer of Amfi, the robust monthly mobilisation in arbitrage, dynamic asset allocation, thematic/sectoral and diversified flexicap schemes has overshadowed
Telecom SOS: Cabinet may take call on telecom relief package today
Though financially-troubled Vodafone Idea has been at the forefront of demanding a relief package, sources said that it would not be tailor-made for any specific company but would be for the entire se
Sri Lankan forex crisis worries exporters
Of course, Lankan importers haven’t yet defaulted on payments but such issues will surface soon if the forex crisis there isn’t stemmed swiftly, Indian exporters fear.
Edtech Boom: Byju’s buys online test prep platform Gradeup
Gradeup has been rebranded as Byju’s Exam Prep. Byju’s will tap into Gradeup’s student reach with the acquisition while strengthening its presence in the growing online competitive examination p
IBC: New code for CoCs to bring in discipline, say analysts
However, care must be taken to ensure that unscrupulous elements and defaulting promoters don’t get to delay resolution by resorting to frivolous litigations that question the CoC’s compliance, th
Stern Words: SC raps Centre over ‘tribunal reforms’, warns of contempt
Top court sees ‘pattern’ in govt overturning judicial orders
PLI Schemes: Chinese firms to be let in; MeitY assures industry that supply chains won’t be disrupted, other ministries to follow suit
Though the assurance has been given by the ministry of electronics and IT to the hardware industry executives, who had made a representation to the government in this regard, sources said that other a
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