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  • Other-Business-News

    Govt within its rights to hold spectrum auction: COAI

    DoT is also now mulling whether the apex court order also impacts any other company which uses spectrum or has a licence. New Delhi: The government is well within its rights to hold spectrum auction in the current financial year if it so desires, but old operators, reeling under the impact of SC ruling on statutory dues, are unlikely to participate, industry body COAI said. "The...

    • an hour ago
  • Other-Business-News

    Markets closed today on account of Gurunanak Jayanti

    Financial markets will resume trading on Wednesday, November 13. Mumbai: India's currency, debt and equity markets will remain closed on Tuesday for a holiday. Financial markets will resume trading on Wednesday, November 13. The broader NSE Nifty ended 0.04 per cent higher at 11,913.45 on Monday, while the benchmark BSE Sensex closed up 0.05 per cent at 40,345.08. The 10-year benchmark...

    • 6 hrs ago
  • Other-Business-News

    Norms fail to curb rise in pledged shares

    Promoters pledge their shares to secure funds to bankroll other ventures or acquisition. Mumbai: Despite Sebi tightening norms, promoter pledged shares continued to rise with BSE 500 companies have seen percentage of pledged promoter holdings increasing during September quarter. Analysis shows that pledged holding of BSE 500 stocks have gone up to 2.52 per cent in September 2019 against 2.47 per cent in...

    • 8 hrs ago
  • Other-Business-News

    SFBs would need nearly Rs 3,900crore till FY22: ICRA

    SFBs have made good progress on deposit mobilisation. Mumbai: Small Finance Banks (SFBs), the newest entrant in the banking space continue to witness strong growth on various parameters such as assets under management, deposit mobilisation, liquidity position, bad loan reduction and return on equity. Going forward SFBs would need external capital in the range of Rs 2,600 to Rs 3,900 crore...

    • 12 hrs ago
  • Other-Business-News

    India's electricity demand falls at fastest pace in at least 12 years

    Consumption in heavily industrialised states such as Maharashtra and Gujarat led the decline. The South Asian country needs electricity to fuel its expanding economy but a third decline in power consumption in as many months points to tapering industrial activity in the nation that aims to become a USD 5 trillion economy by 2024. India's June quarter GDP grew at its...

    • 24 hrs ago
  • Other-Business-News

    Telecom players to lead digital transformation in India

    The government of India aims to launch the service by 2020. India is undergoing a digital transformation lead by steeply growing numbers of broadband connections, internet usage, data consumption and more. With the government's focus to push digitization across industries and also at an individual level, technology is playing a pivotal in bringing the socio-economic transformation as...

    • yesterday
  • Other-Business-News

    'Hike value addition rate to curb round-tripping'

    In 2017, the government had banned export of 24-carat medallions and coins as well as other gold jewellery to curb round-tripping. Chennai: In order to curb round-tripping, which is rampant with gems and jewellery exports, the trade body has made recommendation to the government to increase value addition rates for different categories. A section of the trade believes that some of the exporters...

    • 2 days ago
  • Other-Business-News

    Surveyors oppose hike in limit for self-assessment

    The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors. Mumbai: The association of independent surveyors is opposing the increase in the proposed limits for self-assessment of damage by the insurance regulator and wants these limits lowered. The Insurance Surveyors and Loss Assessors Regulations 2019 has proposed to increase the limits of...

    • 2 days ago
  • Other-Business-News

    Alibaba eyes record Singles' Day sales on November 11

    India will celebrate 11.11 with the UC Shopping Festival in association with Paytm, VMate and 9Apps. Hangzhou: E-commerce giant Alibaba will kick off it's 24-hour shopping mega-event on Monday and is hoping to achieve another record 'Singles' Day' sales this year. The shopping festival, also known as Double 11, is referred as Singles' Day because its date, 11/11...

    • 2 days ago
  • Other-Business-News

    No claimants for dormant Swiss accounts of Indians; some may get liquidated soon

    The claim period for some of these accounts would expire next month, while a few others can still be claimed till the end of 2020. New Delhi/Zurich: No claimants have come forward for about a dozen dormant Swiss bank accounts linked to Indians, leaving the funds lying in these accounts at the risk of getting transferred to the Switzerland government. The Swiss...

    • 2 days ago

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