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Anand Mahindra predicts a happy new year for Motown
Anand Mahindra, the chairman of the homegrown auto group Mahindra & Mahindra, on Wednesda...
Disinvestment of Air India should improve competition within the aviation sector: IATA official
Moreover, the official said that the Jet Airw...
Google India to face trial in pre-2009 defamation case
Visaka Industries filed the complaint after the company said it issued legal notices a...
Govt to sell 100% stake in Air India, says Union minister Hardeep Singh Puri
"AISAM has approved the 100 per cent sale of Government of India stake in Air India for the re-initiated strategic disinvestment of Air India," Minister of State for Civil Aviation Hardeep Singh Puri said in a written reply to the Lok Sabha. The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment.
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This is the most difficult time for telecom industry: Sunil Mittal
"Situation is dire. It is a matter of survival for everyone. Vodafone is in losses, Airtel is in losses, BSNL is in losses. There is one competitor who has unlimited access to finances, I wouldn’t comment on that but the situation is bad...We are holding out, fighting it out in the market place," Bharti Enterprises Chairman Sunil Mittal told ET in an interview.
Centre taking steps for development of mining sector: Government tells LS
The minister said considering the future of mining industry, the National Mineral Exploration Trust has been constituted under Section 9(C) of the MMDR Act for taking up detailed and regional exploration and studies for mineral development.
$3 billion manager bets on India's beleaguered financial sector
The firm aims to eventually attract $1 billion from funds globally to invest in India.
J&K: Pakistan resorts to shelling, fired dozens of mortar shells along LoC in Kathua
The Pakistan Rangers fired dozens of mortar shells in Hiranagar sector of Jammu and Kashmir’s Kathua district on December 11. The incident t...
Public sector officers’ association against privatisation of BPCL
Representatives of officers’ associations from several state-run companies such as BPCL, Indian Oil, ONGC, GAIL, NTPC, SAIL and BHEL said at a press conference on Monday that BPCL’s proposed privatisation was like killing the golden goose and would hurt the economy, government’s social welfare programme and energy security.
South Eastern Railway earns Rs 9330.02 cr from freight sector
Maintaining its growth in freight loading and earnings during April-November of 2019-20, SER has registered an increase of 9.49 per cent in cargo movement, in comparison to the same period of last year in which it loaded 101.11 million tonnes, SER spokesman Sanjoy Ghosh said.
Suspension of SMS facility in Kashmir affects services of several sectors
"We used to get details like balance, statement, credit or debit details through the SMSes, but since four months, we have not been receiving them. This has caused a lot of inconvenience as we depended on these services," Owais Ahmad, a resident of Ganderbal said.
Bank of India eyes Rs 10,000 cr loan sales in special drive
"Our focus through this initiative is the MSME sector as demand from the corporate sector is not high," state-run Bank of India executive director CG Chaitanya told reporters. "Each zone has been given a disbursement target of Rs 200 crore during this initiative. We are aiming to disburse anything between Rs 7,500 and Rs 10,000 crore," he added.
Govt okays partial credit guarantee scheme for PSBs to buy high rated assets of NBFCs/HFCs
The scheme will help address NBFCs and HFCs resolve their temporary liquidity or cash flow mismatch issues.
Cabinet clears more amendments to IBC; to ring fence successful bidders from risks
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has already been amended thrice.
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