Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the […]
Even as some brokerages are predicting that Reliance Jio will manage to carry over 80% or more of its subscribers when it starts charging for its services at the end of this month, CyberMedia Research said it sees 55-60% of existing connections getting abandoned. Jio is estimated to have 105-110 mln connections at present, though […]
National Thermal Power Corporation said it has achieved, and exceeded, its target for the addition of power generation capacity in the 12th five-year plan by adding 1,070 MW today. Three new units were added today — one of 800 MW at Kudgi in Karnataka , a 250 MW unit at Bongaigaon in Assam and 20 […]
An increasing number of government department websites get hacked every year, according to data obtained from the Department of Information Technology. A total of 39 websites belonging to central government ministries and state governments were hacked in the first two months of this year. The number does not include data for government-linked sites, such as […]
Yes Bank, one of India’s youngest, and fastest-growing banks, said it had no plans to go for a billion-dollar qualified institutional placement of its shares as reported by the media. The bank had tried to do a mega share sale in September last year, but the effort didn’t find success for various reasons. This time, […]
The number of militants who have successfully crossed over into Kashmir via the Indo-Pak border is estimated to have risen almost four fold in 2016, according to data released by the home ministry today. Against 33 estimated successful infiltration in 2015,119 militants are estimated to have crossed over in 2016, the numbers show. The rise of successful […]
The ministry of human resources development, which oversees educational institutions in the country, today refused to intervene in political protests and incidents in colleges. “These autonomous institutions are established under the respective Acts of Parliament and are competent to take action in the academic and administrative matters of the institutions, including student’s union activities, with […]
India has filled a little over one-third of its phase 1 ‘strategic oil reserve’ at a cost of Rs 4,258 cr, about $640 mln. The country is in the process of building five underground reserve facilities for crude oil totaling 110 million barrels (15.3 million tons) of storage capacity. Out of these, two tanks — […]
The government has extended the rewards under its merchandise and services export from India schemes to units located in special economic zones. Special economic zones are areas — usually located close to seaports or airports — where normal custom, labor and tax laws of the country do not apply. In many ways, companies in SEZs […]
The government of India said it has no official records to suggest that Sunil Upadhyay, the Indian Museum official whose mysterious and sudden disappearance in 2014 created a sensation, was a whistleblower. “There are no office records to indicate that Dr. Sunil Upadhyay acted as a whistle blower on any issue relating to theft and […]
The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists. Responding to questions from the opposition in Lok Sabha on why India was not taking action to help the […]
Anil Ambani Group said the Competition Commission of India has cleared the merger of its telecom unit Reliance Communications with the wireless operations of Aircel Cellular, owned by Maxis Berhad of Malaysia. The clearance was expected since the two companies have very small market shares. The deal had got approval from the Securities and Exchange […]
The merger deal between Idea Cellular and Vodafone India values equity shares of the Aditya Birla Group company at about Rs 109.76 at the time of completion of the merger, 2% below its present trading value. According to the terms of the contract, when the merger of Vodafone India with Idea is completed, Idea will issue a […]
The government has cleared 98% of income tax refunds below Rs 50,000 in the current financial year, the finance ministry said. 67% of the refunds were issued within one month of filing the return, and 90% were issued within 60 days, the ministry said in a statement. Typically, tax refunds used to take several months […]
Vodafone said any of its subscribers that uses its website or app to subscribe to Amazon Prime service in India will get Rs 250 cash back in the form of payment balance in their Amazon account. Technically, operators in India are forbidden from giving cheaper data access to any particular website or app, but the […]
The government’s ‘free LPG connection’ scheme, Ujjwala, has seen 60% higher demand than expected, and the objectives of the three-year scheme will be met within two years at the current pace of rollout.As of the end of February, the total number of beneficiaries under the scheme rose to 2 cr (20 mln) from 15 mln […]
One of Larsen & Toubro’s units in the United Arab Emirates has won a Rs 500-cr order to supply building automation and control systems for 37 stations of the upcoming Doha Metro in Qatar, the company said. The contract involves installation, testing, integration, commissioning and 5 years of maintenance of the system. “The Frame Agreement […]
India is planning to increase its nuclear power generation capacity to 44,628 megawatt, about eight times the current capacity of 5,780 MW, the Prime Ministers’ Office said today. At present, India has seven nuclear power plants. However, given that most of these were set up decades ago, most of these facilities contain individual units of […]
The Indian government will continue its talks with Westinghouse Electric Company to set up a nuclear plant in Andhra Pradesh even as the company’s parent, Toshiba Corp, said it would consider selling the unit to Chinese or South Korean companies. “The government has taken note of media reports regarding Toshiba Corporation’s plans to withdraw from […]
An analysis of the election filings of the newly elected members of Punjab Legislative Assembly revealed that Navjot Singh Sidhu, the ex-cricketer and television personality who joined the Indian National Congress just before the election, is the highest-earning member of the house. The analysis by the Association for Democratic Reform also revealed that 8 out of […]
