Major Relief For Telecoms,Govt gives 2-year on spectrum dues
NEW DELHI : Providing relief to the country’s stressed telecom companies, the Union Cabinet on Wednesday approved a two-year moratorium on payment of pending spectrum auction instalments for the years 2020-21 and 2021-22. The move to defer payments for 2020-21 and 2021-22 will give Rs. 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance More...
Reliance Jio To Hike Mobile Tariffs
MUMBAI : Bharti Airtel Ltd and Vodafone Idea Ltd have added about $5.5 billion and $1.25 billion, respectively, to their market capitalization in the past three trading sessions alone. Just last week, they reported More...
GST Collections Remain Subdued At Rs 95,380 Cr In Oct
IRA JHA NEW DELHI : GST collections came in at Rs 95,380 crore in October, down 5.29 per cent from Rs 1,00,710 crore in the same month last year, as per government data released on Friday. This is the third consecutive More...
After Hunger Index Rank, Rahul’s Report Card On Development Claims
NEW DELHI : Congress’s Rahul Gandhi held up the Global hunger Index figures today as proof of a “colossal failure” of the Narendra Modi government. In the Global Hunger Index report released on More...
Samsung ends mobile phone production in China
SEOUL : Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world`s biggest smartphone market. The shutdown More...
India Gets First Tranche of Swiss Account Details
NEW DELHI /BERNE: India has received the first tranche of details about financial accounts of its citizens in Swiss banks under a new automatic exchange of information framework between the two countries. India More...
PMC Bank crisis: MD Joy Thomas arrested in Rs 4,355 fraud case
MUMBAI :Joy Thomas, the suspended managing director of crisis-hit Punjab and Maharashtra (PMC) Bank, has been arrested in an alleged Rs. 6,500 crore fraud case, sources in the Economic Offence Wing in Mumbai said. In More...
Lower GST collection could change its fiscal maths
NEW DELHI : The national tax Goods and Services Tax (GST) recorded the lowest revenue collection in 19 months since it was introduced in July 2017, just over two years ago, according to data released by the government More...
Maruti Suzuki slashes Baleno price by Rs 1 lakh
NEW DELHI : Days after the government cut corporate tax rate, Maruti Suzuki, the country’s biggest car-maker announced a reduction in prices. Maruti Suzuki has reduced the price of select models by ₹5,000 More...
Sensex slides 642 pts amid rise in oil prices
MUMBAI : Equity markets came under heavy selling pressure on Tuesday on fears that a spike in crude oil prices following attacks on Saudi oil facilities could hurt the economy further. India’s current account More...