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FinMin nod for relief to telcos unlikely
Business

FinMin nod for relief to telcos unlikely

The Finance Ministry is unlikely to give consent to any cut in the licence fee and the spectrum usage charges (SUC) for relief to telcos to meet adjusted gross revenue (AGR) dues, due to its own revenue position and economic slowdown.

NBFCs,HFCs may get 1 year extension for restructuring loans
Business

NBFCs,HFCs may get 1 year extension for restructuring loans

Financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs) may be next in line to be permitted extension of the date of commencement of commercial operations (DCCO) of project loans for commercial real estate by another one year without downgrading the asset classification.

FM asks G-20 to enhance global risk monitoring
Business

FM asks G-20 to enhance global risk monitoring

Finance Minister Nirmala Sitharaman on Saturday called upon the G-20 countries to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks.

India must push for pro-biz policies to reach $5T economy: CEA
Business

India must push for pro-biz policies to reach $5T economy: CEA

India must fully implement pro-business policies that allow fair competition to push the country's economy towards the $5 trillion GDP mark, chief economic advisor Krishnamurthy Subramanian said on Saturday.

Direct listing by Indian firms abroad by FY21 Q1
Business

Direct listing by Indian firms abroad by FY21 Q1

In yet another move towards fuller capital account convertibility, the government proposes to throw open the doors for Indian companies to directly list their shares abroad and access a larger pool of capital.

Trai recommends new M&A norms for faster merger approvals
Business

Trai recommends new M&A norms for faster merger approvals

Trai on Friday recommended that while both subscriber base and revenue are considered in determining marketshare for mobile and internet service providers, revenue should be taken into account in marketshare calculation for other services like national and international long distance telephony.

DoT nod to Indus Tower-Infratel merger to help telcos raise cash
Business

DoT nod to Indus Tower-Infratel merger to help telcos raise cash

The government has approved the long-pending merger of Bharti Infratel with Indus Towers. Official sources said the Department of Telecom has approved the merger wi thout any conditions.

Returns on equity of BSE500 companies at 16-year low: Report
Business

Returns on equity of BSE500 companies at 16-year low: Report

Return on equity (RoE), a key strategic metric used to evaluate the capital allocation efficiency of a company, is at a 16 year low for the S&P BSE 500 companies, a research report said on Friday.

DoT launches '5G Hackathon' with Rs 2.5 cr prize money
Business

DoT launches '5G Hackathon' with Rs 2.5 cr prize money

In its endeavour to identify and promote applications relevant to India in the 5G realm, the Department of Telecommunications (DoT) has launched '5G Hackathon' in association with a number of government, academia and industry stakeholders.

First-ever Wequity Event celebrates the women in technology community
Business

First-ever Wequity Event celebrates the women in technology community

The first-ever Wequity Conference - WITFLUENCE by Wequity with a theme of 'Role Models for Women in Tech' - was held in the city today with a stellar list of speakers, a whopping 86 per cent of them women, and included 28 inspiring role models who spoke across 16 carefully curated sessions in technology and leadership.

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