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Bharti Infratel-Indus Towers merger approved by Government

Business | Feb 21, 2020, 09:34 PM IST

The government has approved the merger of Bharti Infratel and Indus Towers. The merger deal was signed on April 23 last year and was to be concluded by October 24. The companies extended the deal by two months to December 24, 2019, and another two months to February 24, in absence of DoT approval.

sbi,state bank of india,sbi kyc,state bank of india kyc,sbi latest news,state bank of india latest n

Alert for SBI account holders! Your account will get non-operational on February 28 if...

Business | Feb 21, 2020, 09:23 PM IST

SBI account: For any bank, maintaining a record of information about its customers is of great importance.

Paytm Bank partners with Ola, Uber to issue FASTags to 1 lakh drivers

Paytm Bank partners with Ola, Uber to issue FASTags to 1 lakh drivers

Business | Feb 21, 2020, 12:47 PM IST

According to Paytm Payments Bank, the company is also working with Ola at the Bangalore airport and some other locations including Indira Nagar, Devanahalli, and Electronic City transport hubs to accelerate the adoption of electronic toll payments in India.

A file photo of US President Donald Trump (PTI photo)

Would not rush into a trade deal with US during President Trump’s visit: MEA

Business | Feb 20, 2020, 04:53 PM IST

India would not like to rush into a trade deal with the United States during President Donald Trump’s upcoming two-day visit to the subcontinent, Ministry of External Affairs (MEA) spokesperson Raveesh Kumar said during his weekly press briefing in New Delhi on Thursday

LIC Pension Plan Alert! This scheme can give you Rs 10,000 per month, but hurry up

LIC Pension Plan Alert! This scheme can give you Rs 10,000 per month, but hurry up

Business | Feb 20, 2020, 04:47 PM IST

Old age comes with a number of problems and a monetary benefit can go a long way to help us in the twilight years. With this in mind Life Insurance Corporation of India (LIC), the country's largest insurer is offering a pension scheme that will give policyholders monthly monetary benefit.

SBI Cards IPO: Good News! SBI credit card business IPO to

SBI Cards IPO: Good News! SBI credit card business IPO to open on March 2; Check price band

Business | Feb 20, 2020, 03:10 PM IST

SBI Cards IPO: The $1.25 billion (Rs 9,000 cr) initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), will open on March 2, according to its prospectus.

Vodafone Idea pays Rs 1,000 crore towards AGR dues

Vodafone Idea pays Rs 1,000 crore towards AGR dues

Business | Feb 20, 2020, 01:57 PM IST

Telecom firm Vodafone Idea on Thursday paid Rs 1,000 crore to the Department of Telecommunications (DoT) towards its statutory dues. This was in addition to the part-payments Vodafone-Idea had made previously.

New Pension Rules: Centre revises pension rules for govt

New Pension Rules: Centre revises pension rules for govt employees. Know what is special

Business | Feb 20, 2020, 02:56 PM IST

New Pension Rules: In a landmark judgement, the Narendra Modi-led government on January 18, 2020, decided to give pension under the old pension system to the government employees who were appointed before 01.01.2004 but they joined the job on this date.

Gold prices, life-time high, Rs 43,000, silver

Gold hits lifetime high, crosses Rs 43,000 mark; silver touches Rs 48,600

Business | Feb 20, 2020, 03:38 PM IST

For the first time in history, Gold prices have logged life-time high to Rs 43,000 per 10 grams while Silver has touched Rs 48,600 on Thursday.

Quikr loses unicorn tag as Swedish investor Kinnevik pares valuation

Quikr loses unicorn tag as Swedish investor Kinnevik pares valuation

Business | Feb 19, 2020, 11:30 AM IST

Online classifieds marketplace Quikr is no longer a unicorn, or a start-up valued at more than $1 billion. Swedish investor Kinnevik, which has 17 per cent stake in Quikr, has devalued it by 45 per cent to roughly around $570 million due to the fraud committed by certain dealers and vendors in its managed rentals segment.

Indian Institute of Science, IISc, Indian institutes, economies

11 Indian universities in top 100 among emerging economies

Business | Feb 19, 2020, 09:29 AM IST

Indian universities had a good performance year within the emerging economies of the world as a record 11 made it to the top 100 Times Higher Education's (THE) Emerging Economies University Rankings 2020.

Trump, Trade deal, India, Trump India visit, PM Modi, Donald Trump,

Trump says big India trade deal on but maybe not on this trip

Business | Feb 19, 2020, 12:09 PM IST

US President Donald Trump ahead of his India visit has said, "We're doing a very big trade deal with India. We'll have it. I don't know if it'll be done before the election, but we'll have a very big deal with India."

Govt employees ATTENTION! Modi cabinet makes BIG change in Pension Rules

Govt employees ATTENTION! Modi cabinet makes BIG change in Pension Rules

Business | Feb 18, 2020, 08:23 PM IST

7th Pay Commission latest news: Department of Pension and Pensioners’ Welfare has said that all Central Government employees whose selection for appointment was finalized before 01.01.2004 but who joined service on or after 01.01.2004, can now opt to be covered under the Central Civil Services (Pension) Rules, 1972 instead of the NPS (National Pension System).

'Can't say anything': Kumar Mangalam Birla on Vodafone Idea

'Can't say anything': Kumar Mangalam Birla on Vodafone Idea insolvency question

Business | Feb 19, 2020, 12:16 PM IST

Vodafone Idea Chairman Kumar Mangalam Birla met telecom secretary Anshu Prakash on Tuesday amid raising concerns that the company may head to insolvency if the government takes coercive action against the telecom companies for failing to pay AGR dues.

How To Improve Your Credit Score: 5 Simple Ways to Improve Your Credit Score, How to Check CIBIL Sco

5 Simple Ways to Improve Your Credit Score

Feb 18, 2020, 07:07 PM IST

Credit score is one of the key factors that determine your eligibility for credit. The lower your credit score, the harder it will be for you to avail a loan or credit card.

Sensex, Nifty

Sensex tumbles over 245 points, Nifty falls about 75 points in early trade

Business | Feb 18, 2020, 10:36 AM IST

Sensex tumbled over 245 points to trade at 40,810 in openings deals on Tuesday while Nifty fell about 75 points to trade at 11,971 in early trade.

Charges on ATM cash withdrawal likely to increase;

Charges on ATM cash withdrawal likely to increase; operators write letter to RBI

Business | Feb 18, 2020, 10:20 AM IST

Withdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.

AGR dues, vodafone idea, bharti airtel, telcos agr dues, adjusted gross revenue, AGR dues latest new

AGR dues: Who owes what

Business | Feb 17, 2020, 07:12 PM IST

A number of telecom firms are in troubled waters with over a massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues to pay. These include top telcos -- Bharti Airtel and Vodafone Idea -- who owe about 60 percent.

vodafone idea, agr dues, tata group, vodafone idea payment, agr dues latest news, telcos, telcos lat

AGR dues: Vodafone Idea pays 2,500 crore; Tata Group makes payment of over Rs 2,190 crore

Business | Feb 17, 2020, 05:15 PM IST

​Vodafone Idea and Tata Group on Monday made part payment of about Rs 2,500 crore and over Rs 2,190 crore, respectively, to the telecom department towards statutory dues.

AGR dispute: Airtel pays Rs 10,000 crore to DoT as part

AGR dispute: Airtel pays Rs 10,000 crore to DoT as part payment towards AGR dues

Business | Feb 17, 2020, 11:12 AM IST

Airtel on Monday paid Rs 9,500 crore and Rs 500 crore on behalf of Bharti Hexacom Ltd. to the Department of Telecom towards adjusted gross revenue (AGR), the company has said in a statement. Telecom operators Bharti Airtel, Vodafone Idea and Tata Tele are jointly liable to pay dues of over Rs 1 lakh crore.

Kashi Mahakal Express, fare, timings, hails, PM Modi, Narendra Modi, Varanasi, Indore

Kashi Mahakal Express: Train fare, timings, stops, schedule, all you need to know

Feb 16, 2020, 03:00 PM IST

IRCTC's third private train Kashi Mahakal express was flagged off by Prime Minister Narendra Modi today. The train will run between Varanasi and Indore thrice a week.

80 years after its inception, RBI to switch to April-March accounting year from next fiscal

80 years after its inception, RBI to switch to April-March accounting year from next fiscal

Business | Feb 16, 2020, 07:13 AM IST

Over 80 years after its inception, the Reserve Bank of India (RBI) on Saturday decided to switch to April-March fiscal year from the current July-June format as its accounting year to align with the Central government.

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What are AGR dues that Vodafone-Idea and Bharti Airtel have been asked to pay?

Business | Feb 14, 2020, 08:45 PM IST

The Department of Telecommunications (DoT) on Friday ordered Bharti Airtel and Vodafone Idea to clear their adjusted gross revenue (AGR) dues before Saturday midnight

File

Ultimatum for Telcos: Bharti Airtel, Vodafone Idea asked to clear dues by 11.59 pm today

Business | Feb 14, 2020, 07:10 PM IST

In an ultimatum, the Department of Telecommunications has ordered firms including Bharti Airtel and Vodafone Idea to clear dues before Friday midnight.

Wholesale inflation jumps to 3.10 per cent in January

Wholesale inflation jumps to 3.10 pc in January as against 2.59 pc in December

Business | Feb 14, 2020, 01:21 PM IST

On a sequential basis, the expenses on manufactured products category, which constitute over 64 per cent of the WPI's total weightage, increased to 0.34 per cent from (-)0.25 per cent.

7th Pay Commission, govt employees, Odisha, DA

7th Pay Commission: Good news for govt employees in Odisha, state hikes DA by 5%

Business | Feb 14, 2020, 03:11 PM IST

7th Pay Commission Latest News: Odisha government brought massive news for government employees ahead of Valentine's Day as Naveen Patnaik government hiked total DA of the state government employees by 5 per cent. The new Dearness Allowance will now be calculated at 14 per cent under the 7th Pay Commission.

Alibaba notches up revenue by 38% in Q3; pledges to play role in countering coronavirus

Alibaba notches up revenue by 38% in Q3; pledges to play role in countering coronavirus

Business | Feb 14, 2020, 11:18 AM IST

As coronavirus spreads to parts of China, e-commerce giant Alibaba has pledged to play its role in countering the ill-effects of coronavirus on Chinese economy. Alibaba Group reported year-on-year revenue growth of 38 per cent to 161.4 billion yuan ($23.12 billion) for the fiscal quarter ending December 30, 2019.

BSNL, MTNL

Almost 50% BSNL, 75% MTNL employees opt for voluntary retirement scheme

Business | Feb 14, 2020, 09:32 AM IST

There are a total of 153,000 employees in BSNL while 18,000 are there in MTNL. After opting for VRS, BSNL will be left with almost 50% of its employee force while MTNL with 25% of its working force.

PM Modi, Donald Trump, US President, Modi, Trade deal

India may offer to open its dairy, poultry market for US during Trump's visit, say reports

Business | Feb 14, 2020, 09:06 AM IST

India during talks with US during President Trump's scheduled visit to New Delhi later this month may open its dairy and poultry market as the two nations may advance talks for a limited trade deal.

Vijay Mallya, London, Extradition, banks, Kingfisher

'Please banks, take your money': Vijay Mallya offers to repay

Business | Feb 14, 2020, 12:21 PM IST

Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and has challenged his extradition once again asked the Indian banks to take back 100 per cent of the principal amount owed to them.

IMF, Indian economy

IMF says India urgently needs ambitious structural, financial sector reforms

Business | Feb 14, 2020, 06:50 AM IST

India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels, says IMF.

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40 crore social media users could lose their anonymity under new social media rules: report

Business | Feb 13, 2020, 07:15 PM IST

Social media platforms, such as Facebook, Twitter, TikTok and Youtube, will be compelled to reveal identities of their users under the new government rules set to be published later this month

SBI Bank branches to be shut down for customers? Here's

SBI Bank branches to be shut down for customers? Here's what central govt says

Business | Feb 13, 2020, 04:11 PM IST

Is the entral government planning to shut down State Bank of India (SBI) branches across the country and replace them with e-corners? No, the government has ruled out the possibility of closing down branches of SBI Bank.

Now smoking will cost you more! ITC hikes cigarette prices

Now smoking will cost you more! ITC hikes cigarette prices by 10-20% post budget announcement

Business | Feb 13, 2020, 02:25 PM IST

Market leader ITC increased cigarette prices by 10-20 per cent across some of its brands in all of its markets, following the hike in the National Calamity Contingency Duty (NCCD) announced in the Union Budget this year.

MakeMyTrip founder Deep Kalra steps down as CEO, Rajesh

MakeMyTrip founder Deep Kalra steps down as CEO, Rajesh Magow to take over

Business | Feb 12, 2020, 01:16 PM IST

Deep Kalra, the founder of online travel agency MakeMyTrip, has stepped down as group chief executive officer (CEO) of the Gurugram-based company, with MMTco-founder and India CEO Rajesh Magow Rajesh Magow taking over the lead.

LPG Gas Rate: LPG cylinder prices hiked across metro cities from today

LPG Gas Rate: LPG cylinder prices hiked across metro cities

Business | Feb 12, 2020, 11:26 AM IST

LPG cylinder price hiked: LPG cylinder prices sharply hiked and the new rates would be applicable from today. State-run oil marketing companies today hiked the price of non-subsidised liquefied petroleum gas (LPG) cylinders across metro cities.