Front Page

Solar power not finding buyers – Here’s what Centre plans to do

The winners of the February auctions for 1.2 GW were SoftBank Group’s SB Energy, Canadian energy firm AMP Energy’s India unit, New York-based Eden Renewables’ Indian arm and ReNew Power.

Covid-19 infections in India growing most in states that tested too little

In the case of India, since the initial levels of testing were low, infection levels spread faster once the levels of testing were raised. As the number of tests rose by 12.3 times – from 2.9 per th

Stricter law not knee-jerk bans needed to ensure data privacy

Such a provision would make functioning of Chinese apps difficult in the country and if they want to be present in the Indian market, they would have to meet these guidelines right from the beginning.

The basic pretext of banning these apps is the allegation that they surreptitiously transmit users’ data in an unauthorised manner to servers that have locations outside India.

Is online gaming the new battleground for telcos?

As per a recent KPMG report on business of fantasy sports, in the last three years, the gaming sector is seeing good traction both in the usage and engagement.

The fantasy sports model and the offerings in India are pretty much in sync with what is being offered globally.

Work from home, e-learning spur tablet demand

“This was primarily fuelled by the Covid-related lockdown and consumer demand for WFH and LFH needs. Shipment of tablets with WiFi capabilities grew a whopping 98% Q-o-Q in Q2 2020,” CMR said.

Going ahead, Kumari said growth prospects continue to remain favourable with the market anticipated to grow 15-20% in July-December 2020.

Ease of doing business: Andhra Pradesh on top again, Uttar Pradesh soars to second spot

Importantly, in a first, the latest ranking of states are based purely on stakeholders’ comments on all reform measures, instead of a mix of their claims (verified) and user feedback.

msme, sme, small business

Paradigm shift: Andhra govt charts out DBT plan for power subsidy to farmers

Around Rs 1,700 crore has been earmarked for feeder segregation and installing meters in the state and the remaining requirement will be funded through debt.

Power subsidy for farming in the state, estimated to be nearly Rs 8,500 crore in FY21, is roughly a fifth of the annual revenue reported by discoms in the state.

Exiting China: Japan to offer sops to its firms that move to India

In April, following the Covid-19 pandemic, Tokyo had announced a large subsidy programme of 220 billion yen (about $2 billion) for its companies shifting production back to Japan and set aside another

piyush goyal, trade, ministry of commerce, commerce minister, fair trade practice, India-US deal, commerce ministry

Priority lending: New norms from RBI for areas with low credit off take

Krishnan Sitaraman, senior director, Crisil Ratings, said the revision in PSL guidelines will incentivise credit flow to specific segments like clean energy, weaker sections, health infrastructure and

rbi mandates, GDP, economioc growth, OMO purchase

AGR fallout: Vodafone Idea plans to raise Rs 25,000 crore

However, to meet its capex needs and interest on non-spectrum liabilities, the company will also need to depend on a combination of tariff hikes, cut in opex and other cost-saving measures.

Vodafone Idea will get around Rs 6,870 crore from Vodafone Plc, which would be the latter's share towards merger liabilities (Vodafone and Idea had merged in August 2018).

Reviving demand: GST relief likely for stressed auto sector

The GST rate on automobile products is 28% and with the various cesses it goes up even further. The industry has been demanding a 10% cut to revive demand.

The GST Council is likely to deliberate on the matter later this month with regard to reducing GST on two-wheelers.

Covid-19 Vaccine: Russian Sputnik V safe, produces antibodies

Findings of non-randomised, phase 1/2 trials of the vaccine have been published by the Russian researchers in The Lancet; this can be held to mean that the research has passed expert scrutiny.

The vaccine was well-tolerated in the subjects in both phases, with the most notable adverse effects being pain at the injection site, fever, headache, weakness and muscular and joint pain.

Making room: OYO offers extension of leave, voluntary separation

In an interview with FE last month, Kapoor had said OYO has managed to reach 30% of the pre-Covid occupancy levels in India with bookings led by millennials and small businesses.

OYO said the employees opting for VSP will receive financial assistance, relaxation on ESOP vesting besides being eligible for health coverage, parental insurance and other company benefits.

On the rise again: Onion prices threaten to skyrocket

The unseasonal rains in March and April this year with hailstorms caused rotting in storage. At present, the onion arrivals in the market are not of top quality but are commanding good prices due to t

On Friday, onion prices at Lasalgaon touched a minimum of Rs 1,000 a quintal and a maximum of Rs 2,411 per quintal with modal price at Rs 2,000 per quintal.

Future ready: Paytm trims losses, revenue up slightly

Total losses stood at over Rs 4,000 crore in FY19. “Optimising expenses” have helped pare losses, the company said in a statement.

paytm money, investors, SIP, systematic investment plan, small investors

Cibil advises customers to opt out of loan moratorium, stops after complaints

A senior official from Cibil said messages had been sent to some customers ‘inadvertently’ but added the organization had stopped sending them after complaints were brought to its notice around Au

For its part, ICICI Bank denied sharing any customer data on moratoriums.

FM Nirmala Sitharaman asks banks to roll out loan recast by September 15

The meeting comes ahead of the expected announcement of the KV Kamath-led panel’s recommendations on eligibility parameters for the restructuring of loans to soften the blow to both borrowers and th

Another credit guarantee scheme for subordinate debt of Rs 20,000 crore, meant for MSMEs, was also deliberated on in the meeting.

Interest waiver: SC protects borrowers from coercive action by banks

“The question is about the demands of compound interest in the meantime. Moratorium and penal interest cannot go together. RBI will have to clarify,” Justice R Subhash Reddy, who was also part of

Instead of opting for interest waiver, the government has gone for the measures for revival of the sectors in tandem with RBI

Niti Aayog bats for major bank consolidation, recommends selling of Uco, BoM, Punjab and Sind Bank

The government has stated that a maximum of four state-run players will be allowed in each of the ‘strategic sectors’, a list of which will soon be placed before the Cabinet for clearance.

The idea was to create only a few but strong banks to support the rising credit appetite of the economy, help reverse a slide in economic growth and cut costs through greater synergy.

Checking China: India bans another 118 Chinese apps including PUBG

The government has once again resorted to invoking Section 69A of the Information Technology Act, which empowers it to block apps/contents which are engaged in activities prejudicial to sovereignty an

This is the third instance of the government banning Chinese apps since the India-China border skirmish erupted.

One more chance: SEBs to get Rs 90,000 crore, firm action after that

“PFC-REC lending norms have been tightened and the prudential norms have been updated to correspond to the best followed by any financial institution,” Union power minister RK Singh told FE.

If the discoms fail to traverse the glide path for aggregate technical and commercial (AT&C) loss reduction, as sanctioned by the Centre and states, the loans will be recalled.

One more shot: Vodafone Idea looks at fund-raising options after clarity on AGR dues

The precarious position of the company financially can be gauged from the fact that its cash and cash equivalents stand at Rs 3,450 crore while its net debt was at Rs 1.16 lakh crore as on June 30, 20

Unacademy becomes a unicorn after raising $150 million

Earlier this week, Eruditus raised $113 million from investors, including Chang Zuckerberg Initiative, giving it a post-money valuation of $800 million. In July, US-based Coatue led a $100-million fun

The Bengaluru-based company joins a handful of other start-ups in the ed-tech space that has been attracting considerable investor interest of late.

Fundraising: Zomato raises fresh $62 million from Temasek

While the amount may not seem large, every penny counts at a time when the lockdown has hurt business badly and revenues are under pressure.

In this highly competitive space, Zomato so far has raised a little over $900 million while investors have infused close to $1.64 billion into rival Swiggy.

Zee Entertainment rolls out Zee Plex

The C2H service will be available in India starting October 2

According to Zee’s FY20 annual report, its network of Tv channels reach 350 million consumers on a daily basis.

V-shaped recovery? Manufacturing PMI in expansionary zone

The recovery, however, drove up input price inflation to a 21-month peak.

manufacturing, production, production linked incentive, PLI scheme

AGR ruling: Supreme Court spares IBC, but batters Vodafone Idea

NCLT to take final call on spectrum sale to clear dues

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


Stock Market