US body, COAI, others, question Trai's attempt to regulate cloud service providers
In its response to the Trai consultation paper on cloud services, the US India Business Council (USIBC) said there’s more than sufficient regulation of cloud services in the industry and Indian CSPs should not be subject to new regulation. COAI, an industry body that represents private telcos, too questioned Trai’s authority to regulate CSPs.
UP RERA asks developers to apply for stress fund
Central government has proposed Rs 25,000 crore stress fund out of which Government of India...
Noida authority to set up 5 Megawatt solar power plants at multiple locations
The decision is yet to be made through e-tendering process for ...
How Adani vessel, 2 others stranded for days on a Bangladesh river
What was supposed to be the new gateway to the north east has encountered an unexpected glitch.
Realtors challenge constitutional validity of National Anti-profiteering Authority
Input tax credit refers to a mechanism under the GST framework wherein the tax a company pays when it buys raw materials or other services can be passed on to the buyer when the goods or services are sold. Many real estate developers were asked to pay penalties as they did not pass on the benefits of the input tax credit to the customers.
Canadian fund CPPIB keen to enter private debt segment in India, worried about regulatory uncertainties
“Private debt can be a good opportunity as we see some interesting situations in the country,” said Mark Machin, president and chief executive officer CPPIB. Many private equity global funds including KKR, Apollo Global Management, Blackstone and Baring have specialized debt platforms.
Saudi Aramco prices shares at top of range in world's biggest IPO
Aramco may also exercise a 15% "greenshoe" option, allowing it to increase the size of the deal to a maximum of $29.4 billion.
Modi govt inherited high cost of mobile internet from UPA govt: Ravi Shankar Prasad
"The mobile phone mess was the scam-tainted legacy of UPA. We have set it right, expanded mobile telephony with consumer satisfaction. Also Committed to making BSNL/ MTNL professional and profitable," Prasad said a day after Congress alleged that private operators were set to gain Rs 36,000 crore every month from the tariff hikes.
Low tariff regime over, telcos up rates by 40-50 per cent
All the three private telecom players on Sunday announced pre-paid tariff plans with 40-50% higher rates.
Ticket prices to view Taj Mahal from vantage point increased
The new viewpoint, developed by the Agra Development Authority (ADA), was thrown open to the public at Mehtab Bagh in the city on November 16.
NSE suspends Karvy Stock Broking's licence due to non-compliance of regulatory provisions
Investors with accounts with the brokerage will be able to migrate to other brokers.
Canada's CPPIB to invest $600 million in NIIF Master Fund
NIIF is India’s first sovereign wealth fund that was set up by the Government of India in February 2015.
Unleash market forces to realise full potential of satellite communication: TRAI chief
Telecom Regulatory Authority of India (TRAI) Chairman RS Sharma rued that cost of data in India delivered via satellite technology was 400 times higher than that in the US.
Government has no plans to reduce price for 5G spectrum
Telecom Minister Ravi Shankar Prasad informed the Lok Sabha that the base price for the next round of auction has been recommended by the Telecom Regulatory Authority of India (TRAI) on August 1, 2018, and the regulator reaffirmed the same price on July 8, 2019 in response to reference sent by the Department of Telecom.
Tata Power-ICICI Bank JV acquires Manoj Gaur's Prayagraj power project
Renascent Power Ventures Pvt Ltd, the wholly-owned subsidiary of Resurgent Power Ventures Pte, has acquired 75 per cent stake in Prayagraj Power Generation Co Ltd (PPGCL) which owns and operates 1,980 MW coal-based electricity generation unit, Tata Power said in a regulatory filing.
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