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Centre mulls installing EV charging kiosks at around 69,000 petrol pumps in country

In a review meeting on EV charging infrastructure, Power Minister R K Singh suggested oil ministry top officials that "they may issue an order for their oil marketing companies (OMCs) under their administrative control for setting up charging kiosks at all COCO petrol pumps", a source said.

Trai grants Vodafone Idea time till Sep 8 to respond to priority plan show-cause notice

Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice New Delhi, Sept 6 (PTI) Telecom regulator Trai has granted additional time, till September 8, to Vodafone Idea to reply to its show-cause notice on priority plan, after the company sought more time to respond. The Telecom Regulatory Authority of India (Trai) last month had slapped a show-cause notice on Vodafone Idea Ltd (VIL) over its pay-more-for-priority treatment mobile plan, saying the tariff offer "lacks transparency" and is "misleading" and not in compliance with the regulatory framework.

Work from home a new normal but hits productivity: Mumbaikars

The COVID-19 pandemic has popularised the concept of work from home, but Mumbai professionals say space crunch in apartments and lack of robust internet connectivity has hampered their work, though saving on travel time has been an advantage for some.  

Japanese bank MUFG takes on lease 30,000sqft space at BKC from Adani Realty

Japan's largest bank MUFG has picked up 30,000 sqft space in Adani Realty's commercial building at BKC on lease for 10 years for around Rs 90 crore, sources said.  

RBI revises audit norms for banks to improve risk management

The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems. 

Andhra Pradesh no. 1 state in ease of doing business; UP, Telangana follows on 2nd, 3rd

Andhra Pradesh has emerged as the best state in ease of doing business ranking, retaininig its top position in the ranking of states and union territories (UTs) based on the implementation of the business reform action plan, according to a report released by Finance Minister Nirmala Sitharaman on Saturday.

Tax Devolution: Finance Commission advised to treat FY21, FY22 differently

The council suggested that the 15th Finance Commission under the chairmanship of N. K. Singh will have to take a nuanced approach towards tax devolution to the states, other transfers, financing of expenditures in the midst of revenue strains including through borrowings and the path of fiscal consolidation.

Facebook says remains committed to be open, transparent platform

Facebook has said that it remains committed to be an open and transparent platform, and allow people to express themselves freely on the platform amid a raging row over the social media giant's alleged political bias.

BSNL to lay off another 20,000 contract workers: Employees' union

The union also claimed that 30,000 contractual workers have already been retrenched under the company's retrenchment process and added that all such workers remained unpaid for more than a year.

RBI revises priority sector lending norms, raises credit limits

The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure.

Sensex plunges 634 points; Nifty cracks below 11,350

Domestic equity benchmark Sensex crashed 634 points on Friday, tracking losses in index majors Reliance Industries, HDFC and Infosys amid a selloff in global equities. 

Gold Price Today: Gold marginally down Rs 56; silver also declines Rs 738

Gold prices were marginally down by Rs 56 to Rs 51,770 per 10 grams on Friday in the national capital amid rupee appreciation, according to HDFC Securities.

Vodafone Idea shares jump nearly 30 pc ahead of board meet to consider fund raising

Shares of Vodafone Idea on Thursday zoomed nearly 30 per cent ahead of its board meeting on Friday to consider fund raising through various means. The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 pc.

Infosys buys US product design firm for $42 million

Global software major Infosys on Thursday announced it has acquired US-based product design firm Kaleidoscope Innovation for $42 million (Rs 309 crore) to expand its engineering service offerings in medical devices, consumer and industrial markets across America.

Keep a watch at the skies, your next order with Amazon could be delivered through a drone

Amazon will soon deliver your orders through drones. On Monday, the Federal Aviation Administration granted Amazon the approval to deliver customers' order through drones.

Happiest Minds' IPO to open on Sep 7: All you need to know

IT services firm Happiest Minds Technologies Ltd on Wednesday said its initial public offering (IPO) will start on September 7, and the price band has been fixed at Rs 165-Rs 166 per equity share.

Coca-Cola appoints Sanket Ray as President, India and Southwest Asia region

Sanket Ray, who is at present chief operating officer for Mainland China, will take over from T Krishnakumar, the current president of the India and Southwest Asia business unit.

Delhi-Meerut RRTS: Duhai Depot contract bagged by VNC-KEC JV

Delhi-Meerut Rapid Rail Transit System (RRTS) Duhai Depot cum workshop construction project has been given to Vijay Nirman Company Pvt. Ltd. – KEC International Ltd after it emerged as the lowest bidder for the project. VNC-KEC International bagged the tender under Package 5A. The tender was opened on September 1, 2020. Vijay Nirman Company Pvt. Ltd. – KEC International Ltd had bid project cost for Rs 279.07 crore.

Govt asks banks to roll out loan restructuring scheme by Sep 15, provide support to borrowers

38 coal blocks to be auctioned for commercial mining: Coal Ministry

According to the Ministry, Dolesara, Jarekela, and Jharpalam-Tangarghat coal mines were added to the 1st Tranche of Auction under the Mines and Minerals (Development and Regulation) Act, 1957.

IT giants, Infosys, Wipro, Cognizant, others struggle with H1-B visa rejections

​The Indian IT sector has been struggling with high denial rates for H-1B visas. A study by an immigration think tank has revealed staggering numbers.

RBI's nod for Murali Ramakrishnan's appointment as South Indian Bank MD

The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1.

Amazon, Verizon likely to invest over $4 billion in Vodafone Idea: Report

The Vodafone Idea's stake-sale talks were paused because the outcome of a Supreme Court hearing on staggered payments of government dues was uncertain and could have threatened Vodafone Idea's survival.

Franklin Templeton MF's closed schemes receive Rs 1,498 crore in two weeks

Franklin Templeton Mutual Fund on Thursday said its six shut schemes have received about Rs 1,498 crore from maturities, pre-payments and coupon payments in the second half of August.

Isha, Akash Ambani, Byju Raveendran, Adar Poonawalla feature on Fortune's ‘40 Under 40’ list

Reliance Jio Board Directors Isha Ambani and Akash Ambani, Serum Institute of India CEO Adar Poonawalla and Byju Raveendran, co-founder of India's leading education technology company Byju’s, are among the “emerging leaders” from across the world.

Finance Minister Sitharaman to meet heads of banks, NBFCs on loan recast on Thursday

Finance Minister Nirmala Sitharaman will hold a review meeting with heads of banks and NBFCs on Thursday for smooth and speedy implementation of the one-time debt recast for resolution of COVID-19 related stress in bank loans.

India among top 50 countries in global innovation index

India is now among the top 50 countries in the global innovation index for the first time, moving up four places to the 48th rank and keeping the top position among the nations in central and southern Asia.

PUBG, 117 Chinese apps banned: CAIT hails govt's move, says big step against misdeeds of China

PUBG Mobile, Baidu, We Chat reading are among 118 Chinese apps the government banned on Wednesday citing security reasons. Hailing the move, CAIT said banning of 118 more Chinese apps by the government is a major milestone step against misdeeds of China.