TRAI deferring zero-IUC regime to hit Voda Idea & Airtel, benefit Jio: Analysts
Mukesh Ambani-led Reliance Jio now stands to pocket as much as Rs 1,600 crore in interconnect fees from the two older carriers over the next one year, having become a net IUC recipient in the October-December period, analysts said.
NHAI clears IL&FS claims of Rs 902 crore
The Khed-Sinnar Expressway (KSEL) is the third incomplete road project of IL&FS whose claim has been...
Cabinet to take up proposal to amend Disaster Management Act
The 2005 Act mandates creation of new institutions and assignment of specific ro...
1 dead, 1 injured after under-construction roof collapses at Bhubaneswar airport
Senior officials of the state government and politicians rushed to the site. Khurda Collector, Sitanshu Kumar Rout said a dog squad had been used to make sure no other person as trapped under the rubble.
At least 18 dead, hundreds hurt as quake hits eastern Turkey
Thirteen people were killed in Elazig and five more in the neighbouring province of Malatya, Health Minister Fahrettin Koca said after rushing to the region with other ministers to oversee the rescue operation.
Bharti AXA General gets Irdai nod for two products under regulatory sandbox framework
The insurance sandbox project has been launched mainly to help the regulator gauge and measure real-life acceptance of new customer propositions before giving them the regulatory nod for commercial launch. It also has immense potential to facilitate innovation and securely experiment with ideas to solve unmet customer expectations and raise efficiency levels.
Will audit performance of NHAI officials: Nitin Gadkari
Minister of road transport and highways Nitin Gadkari said that while there were problems with respect to delays in projects and rising cost of construction, among others, the ministry was working to address them. The minister added that the cost of the first phase of Bharatmala, the govt’s flagship highway construction programme, has increased to Rs 9.5 lakh crore.
Battery storage, smart grid and efficiency companies raised over $536 million through venture capital in 2019
Log 9 Materials, a developer of aluminum fuel cell technology – raised $3.5 million from Exfinity Venture Partners and Sequoia Capital India while, LivGuard Energy Technologies - an automotive products to batteries company - raised $32 million from ChrysCapital and Ncubate.
AAI to start the construction work of Holongi airport by February
It will be a completely new project which will cost around Rs 955 Crore and the passenger terminal building will be built in about 4100 Sqcm will all modern facilities and green building compliant.
TRAI extends deadline for views on floor rates
The Telecom Regulatory Authority of India (Trai) has extended timeline for receiving comments over its consultation paper which seeks views on fixing a floor price for voice and data services on telecom networks. The deadline for filing comments and counter comments has been extended till February 28 and March 13, respectively.
RBL Q3 net falls 69% on rise in provisions, loan growth strong
Net interest income was up 41 per cent to Rs 922.6 crore during the quarter.
Startups: Waiting for regulatory relief
Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.
Jio widens its subscriber base, Vodafone Idea falls further: Trai
Among the three access service providers, Reliance Jio added the highest number of 5.6 million wireless subscribers, while Bharti Airtel saw a nominal net addition of 1.6 million, according to subscriber data for November 2019 released by the Telecom Regulatory Authority of India (TRAI) on Thursday.
Dilip Buildcon executes EPC pact with UPEIDA for Rs 1,250 cr road project in UP
The shares of the company were trading at Rs 422.05 apiece on the BSE, up 0.80 per cent from the previous close.
Govt notifies National Startup Advisory Council, Commerce Minister to chair
The council is being set up in the wake of a plethora of regulatory changes covering startups in the works to reduce time spent on tax compliance by them to less than one hour a month along with easier incorporation processes and boosting the availability of global and domestic capital.
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