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Reliance Jio spared Rs 13,000 crore payout, Airtel Rs 2,000 crore
The AGR dues of RCom stand at Rs 25,199.27 crore while that of Aircel is Rs 12,389 crore and Videocon’s Rs 1,376 crore.
Loan moratorium: Govt repeats its opposition to interest relief on EMIs
Mehta suggested that a meeting of representatives of the Central government with RBI and other banks will be held soon to come up with a proper solution.
SC ruling: Adani Power can recover Rs 5,000 cr from Rajasthan SEB
After the RERC and Aptel rulings in May 2018 and September 2019, respectively, the power distribution companies (discoms) of Rajasthan have already paid more than Rs 2,400 crore provisionally to the c
Cash usage back to levels seen before lockdown: Razorpay survey
While Fino said bill payments through both the self and assisted channels are up by about 5% from the pre-Covid levels, Razorpay said it has observed the growth in online bill payments to be 180-190%.
DoT moves NCLAT against Aircel resolution plan
DoT contention is that spectrum does not belong to the company but has been leased to it by the government and in the sale of spectrum through insolvency its AGR dues would not get settled.
Moratorium seekers: Most firms stressed, pre-Covid
Even as the moratorium ended on Monday, the demand outlook for most sectors remains muted, CRISIL said, adding firms in the low resilience sector would continue to be stressed over the next 2-3 quarte
After 3 months of surge, employment under MGNREGS slows; 60% less jobs in August versus July
The government allocated Rs 61,500 crore for this scheme in the budget for 2020-21, and it later increased the allocation by Rs 40,000 crore amid the pandemic to support the rural economy.
Mumbai Airport: Adani is top airport firm with GVK buy
There could be some legal hitches in the completion of the deal as a consortium of foreign investors which had earlier signed a binding agreement with GVK Group for buying the asset, has legally chall
COVID-19 impact: GDP shrinks by quarter in Q1, yet govt slows spend
Nominal GDP shrank by a record 22.6%, year on year, in the June quarter, which will weigh on the centre’s fiscal deficit ratio.
Sugar mills: UP can’t pay farmers, Maharashtra mills can’t pay workers
As per the latest report of the Maharashtra Sugar Commissionerate, as on August 15, mills in the state have paid farmers Rs 13,870 crore in cane payments, which was 99.41% of the total amount computed
Brand launches to spur ads in festive season
With companies readying a slew of product launches, media buyers expect them to spend liberally on pushing their products
Margin obligation: Market participants ask Sebi for more time
So far, the markets regulator did not have any margin requirement for cash market transactions but now clients will have to cough up 20% for such trades. This will be applicable to buying and selling
Contempt case: Supreme Court lets off Prashant Bhushan with just Re 1 fine
The SC also referred to the unprecedented press conference by its four rebel judges on January 12, 2018, which Bhushan had cited to argue that even judges had gone public with their criticism of the c
M&E could generate 8 million jobs by 2025
EY expects the M&E industry to make revenues of Rs 2.42 lakh crore by 2022, suggesting there's scope for much more work
Finance minister Nirmala Sitharaman to review stress in bank loans on September 3
Of course, a clearer picture will emerge after the Kamath panel prescribes the contours of the recast scheme, Rao added. The current repayment moratorium will expire on Monday after six months.
Looking for a job amid pandemic? Here’s good news as job openings jump, work from home becomes new trend
Professionals in spaces like cybersecurity will command increments in the range of 12-18%, those employed in automation roles will see hikes in the range of 12-15%, while medical scientists and microb
Covid-19 cases in Delhi, Mumbai more critical; Number of patients in ICU higher than rest of India
Coronavirus cases in Delhi, Mumbai: This may also be the reason that Delhi, Mumbai and Pune have higher death rates than the national average. On August 30, India had a case fatality rate of 1.8%.
Why Govt must spend to drive up demand
The pandemic is likely to have hurt the informal sector more acutely as it comprises smaller firms with limited economic buffers to withstand shocks. If small entrepreneurs are to risk their personal
Five years on, National Investment and Infrastructure Fund (NIIF) yet to hit target
The NIIF was set up in December 2015 as a Category-II Alternate Investment Fund. NIIF chief executive Sujoy Bose, however, was appointed in only June 2016 and the senior management of the fund was als
Covid-19 spread in India: A million cases in just 15 days! Cases surge in tier-2 cities
For the month of July, these eight cities added 2.9 lakh covid infections while the other 170 urban districts — India has 178 urban districts — added 3.5 lakh. In the month of August, these eight
Done deal: Burdened with debt, Kishore Biyani sells Big Bazaar to Reliance
Reliance Retail, which has a store count of 11,806 outlets across 7,000 towns in the country, had earlier said that store expansion remains a 'thrust' for the business.
GST shortfall: Centre’s formula signals states to take hit from Covid
Both the estimated amounts of shortfall are adjusted for the estimated cess collection of about Rs 68,000 crore in the current fiscal.
East Asia summit: India, China, US to bolster supply chain to deal with challenges posed by Covid
Speaking on this occasion, commerce and industry minister Piyush Goyal reiterated that the Modi government’s Atmanirbhar Bharat initiaive “does not mean a protectionist India”.
Don’t track: Apple’s upgrade can limit how much data Facebook can collect
Google uses a similar tech called Google Play Services ID for Android (GPS ADID) and even gives users the ability to reset this from their settings and even offers an opt out.
GST shortfall: Bengal, Kerala finance ministers say Centre should borrow, not states
The states have been given two options — either to borrow Rs 97,000 crore with an additional fiscal deficit headroom of 0.5% or Rs 2.35 lakh crore without any FRBM relaxation.
Crushing season: If govt paid-up, farmer dues owed by sugar mills could halve
In the case of a state like Uttar Pradesh where around Rs 11,300 crore is owed to farmers, the dues to some of the better mills are close to 75% of what the mills owe the farmers.
Extension of compensation cess fund to hit Centre’s revenue
The proceeds of this tax could then be claimed by the central government as central GST component as opposed to compensation cess proceeds which are reserved solely for states, sources said.
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