Industry

Kotak Mahindra Bank gets RBI nod on promoters' stake dilution plan

Livemint February 19,2020

RBI has granted its final approval regarding the dilution of promoters' shareholding in the Kotak Mahindra Bank, said the bank

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RBI remains focused on growth, says governor Shaktikanta Das

Livemint February 19,2020

Inflation is expected to moderate going forward, a newspaper report said quoting Das.Deceleration this financial year came as a surprise but RBI was not so surprised as most others

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New-age internet firms tap print’s reach, credibility to build brands

Livemint February 18,2020

Apart from promotions and brand building, internet firms leverage print ads to start topical conversations.Advertising spend for print is expected to reach ₹18,140 crore in 2020

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Streaming content creators eye remakes of foreign shows to keep viewers hooked

Livemint February 18,2020

Shows such as ‘The Office’, ‘Hostages’ and ‘Mind The Malhotras’ have been adapted from international formats.Sameer Nair-led Applause Entertainment is bringing Israeli show Fauda’s India...

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Jio, Airtel brace for the worst, plan upgrades in case Voda Idea fails

Livemint February 18,2020

Vodafone Idea has 304 million subscribers out of which 104 million are 4G users.Analysts said that Bharti Airtel will be the biggest beneficiary if Vodafone Idea fails

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HDFC Bank completes 25 years of operations

Livemint February 18,2020

The bank is at present going through with a succession planning exercise for Aditya Puri.Aditya Puri, set to retire in October this year, is credited with developing a culture that has zero tolerance ...

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Cooking gas prices may see monthly revision to contain subsidy

Livemint February 18,2020

Every household is entitled to 12 cylinders of 14.2 kg each at subsidised rates in a year.If the decision to raise subsidised LPG prices is taken, the burden will shift even to the 12 cylinders

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India is sixth largest market in consumption of video ads: Report

Livemint February 18,2020

The number of smartphone users in India is expected to reach around 700 million by 2023.Social media platforms have been launching new features to keep their users engaged.

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There is no slowdown in credit card spends, says HDFC Bank’s Parag Rao

Livemint February 18,2020

We continue to believe that headroom for good credit is still significant and we will continue our growth, says Parag Rao

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No reason to doubt that 3.5% fiscal deficit target for FY21 will be met: RBI’s Das

Livemint February 18,2020

Das said the government has remained within the limits set by the FRBM Committee for the budget deficit.The fiscal deficit is the shortfall in a government's income compared with its spending

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Second time lucky: Liberty House acquires Adhunik Metaliks in cash deal

Livemint February 18,2020

GFG Alliance- owned Liberty House had failed to complete the acquisition of Adhunik in its first attempt.Adhunik and Zion had total outstanding debt of more than ₹5,000 crore

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GP Petroleums to set up 100 crore lubes plant in Gujarat

Livemint February 18,2020

The Saronda plant will process over 300,000-kilolitres of lubricants.This will be GPPL’s second blending plant in the country

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Indian companies to offer average 9.1% pay hike in 2020, a decade low

Livemint February 18,2020

Startups, e-commerce, services and pharma firms will be top pay masters in 2020.India Inc will offer better pay hike than its Asian peers

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Kumar Mangalam Birla meets telecom secretary on AGR issue

Livemint February 18,2020

Vodafone Idea on Monday paid ₹2,500 crore to DoT and will repay another ₹1,000 crore by the end of the week.SC on Monday refused to hear Vodafone plea, seeking directions to DoT to not to take c...

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Govt plans 11,000 crore power transmission project in Ladakh

Livemint February 18,2020

The 900-km link will help big green energy projects in the Union territory supply power across India.Work on the national grid is on with green energy corridors being set up in two phases with a total...

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Vodafone Idea, Airtel make partial payments after SC tough talk

Livemint February 17,2020

SC refuses to entertain Voda Idea plea that sought directions to DoT not to take coercive steps.While Vodafone Idea on Monday paid ₹2,500 crore to DoT and will cough up an additional ₹1,000 cror...

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RBI receives 1.94 trillion bids for repo operation

Livemint February 17,2020

The RBI move is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth.The central bank also withdrew the daily fixed rate repo and four 14-day term r...

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JSW Energy buys GMR’s Odisha thermal plant

Livemint February 17,2020

Parent GMR Infra said the ₹5,321-crore deal, which is likely to close in three months, will help the firm pare debt by ₹4,141 cr.JSW Energy generates 4,541MW, comprising 3,140MW thermal power, 1...

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FM Nirmala Sitharaman says telecom dept engaging with telcos after court orders on AGR dues

Livemint February 17,2020

'In the light of court’s orders the department is actively engaging with the telecom companies,' Sitharaman said in Bengaluru.FM said that the department had been in touch with telcos immediately af...

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Govt must continue reforms; green shoots of recovery need to sustain: Shaktikanta Das

Livemint February 17,2020

The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates.Green shoots are now visible and need to be sustaine...

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Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20: SBI

Livemint February 17,2020

After facing the Supreme Court's ire over non-compliance with its AGR order, the telecom department is pressing for the payment of dues by the telcos.According to the revised budget estimates, the gov...

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Telecom AGR crisis: RBI closely monitoring developments

Livemint February 17,2020

Shaktikanta Das said so far no red flags have been raised but the central bank continues to monitor the situation closely.Some telecom firms are already struggling with mounting losses and debt and th...

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Vodafone Idea pays 2,500 crore as AGR dues to DoT

Livemint February 17,2020

Bharti Airtel on Monday paid ₹10,000 crore to DoT as part payment of its AGR dues.The original deadline to pay dues was 23 January

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JSW Energy inks pact to acquire 100% stake in GMR Kamalanga

Livemint February 17,2020

The transaction, the discussions of which had started in October, is valued at ₹5,321 crore.The deal is yet to receive approvals from Competition Commission of India, lenders of GMR Kamalanga

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Coronavirus outbreak may impact 3GW Indian solar projects worth 16,000 crore

Livemint February 17,2020

Developers can invoke ‘force majeure’ clause in power purchase aggreement.They may choose to implement projects with more expensive modules

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11 Indian universities in top 100 for emerging economies

Economic Times February 19,2020

Indian universities had a good performance year within the emerging economies of the world as a record 11 made it to the top 100 Times Higher Education's (THE) Emerging Economies University Rankings 2...

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Privatisation may not cause big layoffs at BPCL: Top exec

Economic Times February 19,2020

State-run BPCL’s management does not expect major layoffs after the proposed privatisation of the oil marketing company as it has been working on having a lean structure for almost a decade now, a t...

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Andhra discom seeks more time to clear Rs. 599 cr dues

Economic Times February 19,2020

Andhra Pradesh’s main power distribution company has sought more time to clear outstanding dues of Rs. 599 crore it owes to renewable energy developers.

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Renault plans to disrupt mass market with SUV, Sedan, EV in 2 yrs

Economic Times February 19,2020

French carmaker Renault, which has managed to secure a foothold in the Maruti Suzuki-dominated mass market space in India, is set to pose further challenges to the market leader by rolling out a small...

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Government may ease commercial coal auction rules

Economic Times February 19,2020

The coal ministry expects to launch the first round of commercial coal auctions by mid-March after receiving the Cabinet’s nod, said the official.

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Flipkart leads Walmart’s international ecommerce numbers

Economic Times February 19,2020

Walmart said Flipkart now had over one billion visitors a month, with monthly active customers growing by 45% in the last one year and transactions per customer increasing by 30% in the same period. A...

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Centre to set up renewable energy board to cut developers’ risks

Economic Times February 19,2020

The government will set up a Renewable Energy Promotion and Facilitation Board to help minimise risks for developers in the sector that has seen a waning of investment interest mainly because of adver...

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Russia's Far East Development Fund expresses interest in Jet Airways

Economic Times February 19,2020

Russian government-backed Far East Development Fund has shown a preliminary interest in buying bankrupt Indian carrier Jet Airways, a person in the know has said.

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IL&FS proposes InvIT for road assets

Economic Times February 19,2020

The group, whose management was superseded by the government in 2018, has submitted the proposal to the Securities and Exchange Board of India (Sebi) but experts say approval could take some time as t...

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Covid-19 impact: Prices of durables, phones set to rise by February end

Economic Times February 19,2020

Prices of TVs, ACs and some phones are set to go up as manufacturers grapple with components shortage.

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Pharma cos don't see supply shortage, oppose exports ban

Economic Times February 19,2020

Glaxosmithkline India (GSK), one of the largest manufacturers of branded paracetamol in India, said it does not anticipate any supply shortages "at the moment" due to the Covid-19 outbreak in China.

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Aspiring bankers of today are walking a very different road

Economic Times February 19,2020

Technology has transformed the way banks function. Conventional wisdom is to have men with accounting skills. But as machines take over many functions, the human resources need at banks is shifting to...

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Norm change may hit 1,000 km road projects

Economic Times February 19,2020

The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1,000 km of key infrastructure projects, including...

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Bank funding for large projects may gain momentum

Economic Times February 19,2020

Going ahead, planned or envisaged capex from all sources based on the pipeline projects sanctioned in all preceding years point to a noticeable improvement in 2019-20. The investment cycle appears to ...

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Videocon dues may jack up Airtel's AGR bill

Economic Times February 19,2020

Bharti Airtel's adjusted gross revenue (AGR) bill is set to increase, with the Department of Telecommunications (DoT) likely to add a bulk of Videocon Telecommunications' Rs 2,041 crore dues to it, sa...

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