Tuesday , 16 October 2018
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Business

Idea-Vodafone merger in final stages of approval: telecom secretary

IANS   NEW DELHI The merger between telecom majors Idea Cellular and Vodafone India is in the final stages of approval, Telecom Secretary Aruna Sundararajan said on Tuesday. “The Idea-Vodafone merger is in the final stages of approval. Because they have got the NCLT (National Company Law Tribunal) and Sebi (Securities and Exchange Board of India) clearances, but there are ... Read More »

Rs 8,297.77-cr demand notices slapped on Coal India firm

IANS   KOLKATA Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11. The miner’s subsidiary has already pleaded for exclusion from the demand on “valid legal grounds”. “Demand notices totalling to ... Read More »

Govt begins process of selling enemy properties; issues guidelines

PTI NEW DELHI In a bid enrich its coffers by about Rs 1 lakh crore, the government has started the process of monetisation of more than 9,400 enemy properties by issuing guidelines and directing the office of the custodian to submit a list of all such movable and immovable assets within three months, officials said. The Ministry of Home Affairs ... Read More »

Will borrow Rs 2.88 lakh cr in FY19’s first half: govt

IANS   NEW DELHI Expressing its intent to borrow less compared to the budgeted amount, the Central government on Monday said it will borrow only Rs 2.88 lakh crore through its benchmark bond scheme in the first half (H1) of FY19. “This makes 47.5 per cent of the total budgeted amount as against 60-65 per cent share in this period ... Read More »

Govt releases draft policy on defence production

PTI   NEW DELHI The Defence Ministry has come out with a draft policy which envisages achieving a turnover of Rs 1,70,000 crore in military goods and services by 2025 by promoting the domestic defence industry. The policy says the aim is to make India one of the top five manufacturers of defence platforms with active participation of public and ... Read More »

India to have 10 mn iPhone users in 2018

IANS   NEW DELHI Apple is set to be the 11th brand in smartphones in India to have more than 10 million users in the country, according to a new report on Friday. As of end 2017, there were 8.9 mn iPhone users in India and with an addition of estimated three million units in 2018, the company would surpass ... Read More »

Govt issues notice to Cambridge Analytica in FB data breach case

PTI   NEW DELHI Government Friday issued notice to Cambridge Analytica — the firm at the centre of Facebook users’ data breach — seeking its response by March 31 on whether it was involved in  misuse of data to profile Indians and influence their voting behaviour. The notice also sought the company’s response on the entities which engaged Cambridge Analytica, ... Read More »

ECONOMIC SCAN

Haier launches 8-in-1 convertible refrigerators PANAJI: Haier, one of the global leader in home appliances and consumer electronics announced the launch of its new line up of convertible bottom mounted refrigerators (BMR) in India ranging from a capacity of 256 to 276 litres. The president Haier Appliances (India) Eric Braganza said, “Spearheading the concept of a bottom mounted refrigerator in ... Read More »

Demonetisation succeeded in unearthing black money, preventing corruption: FM

PTI   NEW DELHI Finance Minister Arun Jaitley has said that demonetisation of high value currency notes in November 2016 “succeeded” in unearthing black money and preventing corruption. In a written reply to the Rajya Sabha on Tuesday, which was made available Thursday, he said that at the time of demonetisation, on November 8, 2016, high denomination notes of Rs ... Read More »

5-day silk expo underway in Taleigao

PANAJI: Artisan from India, under the Gramin Hastkala Vikas Samiti are in Goa currently to exhibit ethnic weaves and traditional pure silk and cotton products, at the ongoing National Silk Expo. The exhibition cum sale, was launched on Wednesday and is open until March 26, from 11 am to 9 pm at the Taleigao Community Centre, near St Michael’s Church, ... Read More »