Demonetisation, Jio rivalry to hit telcos revenue by 5-7%: ICRA
Revenue loss on account of demonetisation and competitive pressures, intensified by extension of free services by newcomer Reliance Jio, may lead to the telecom industry taking a hit of 5-7 percent on revenue during the next two quarters, ICRA said today.
Oppn uproar on demonetisation rocks RS, proceedings disrupted
Both the Zero Hour and the Question Hour were disrupted as members of the Treasury and Opposition benches resorted to sloganeering over the issue leading Deputy Chairman P J Kurien to adjourn the proceedings till noon. Similar scenes were witnessed at noon forcing Chairman Hamid Ansari to adjourn the House again till 1400 hours.
India lacks infrastructure for gas-based economy: RasGas
Speaking at the Petrotech conference here, RasGas CEO Hamad Mubarak Al Muhannadi said India lacks infrastructure to support a gas-based economy and needs more LNG import terminal to unlock demand.
Follow due diligence for activating dormant A/Cs: RBI to banks
With people thronging banks for depositing old notes in dormant accounts, the Reserve Bank today asked banks to strictly follow customer due diligence guidelines while allowing operations in such accounts.
Govt asks banks to install additional 10 lakh PoS terminals
In order to promote digital transactions across the country, government has asked banks to install 10 lakh additional point of sale (PoS) terminals within four months.
Uflex Launches Direct UV Offset Printable Polyester Film
UV offset printing on non-absorptive surfaces is getting popular by the days. It gives an ultimate packaging solution for Board Lamination and ...
Would consider paying into EU for market access: UK Brexit min
Asked by a lawmaker if the government would consider making a contribution in any shape or form for access to the EU's single market, Davis said: "The major criterion here is that we get the best possible access for goods and services to the European market and if that is included in what he's talking about then of course we would consider it."
Textile machinery industry to touch Rs 35,000cr in 5 years
The size of domestic textile
machinery industry is poised to hit Rs 32,000-35,000 crore in
the next five years from the present Rs 22,000 crore on the
back of government initiatives like 'Make in India', an
industry member said today.
CRR hike: Crisil says forget rate cuts by banks for now
Reserve Bank's latest move to soak up
the entire surplus liquidity between September 16 and November
11 through incremental cash reserve ratio (CRR) will lead to
over Rs 3 trillion outflow from banks and is likely to impact
interest rate transmission, cautions a report.
Abbott India Q2 net profit up 23% at Rs 75 cr
Pharma firm Abbott India today
reported a 22.66 per cent rise in standalone net profit at
Rs 75.02 crore for the quarter ended September 30, mainly on
account of robust sales.
Gujarat seeks Rs 6,600 cr from Centre for GSPL gas projects
After state-owned GAIL India Ltd,
Gujarat government has sought Rs 6,600 crore from the Central
government to partly fund two gas pipeline projects of its
firm GSPL including one taking the fuel to Jammu and Kashmir.
Demonetisation courageous experiment by PM Modi: Amar Singh
Prime Minister Narendra Modi's
demonetisation move is a "courageous" experiment to eliminate
black money, corruption and counterfeit currency.
Uflex Reports 16% Jump in Net Profit for Q2 FY 2016-17 (Y-O-Y); Volumes are Up Too!
India’s largest multinational flexible packaging materials and solution company Uflex Limited declared the earnings for quarter ended 30 ...
Overall power deficit at 0.7% in Apr-Oct: Goyal
India recorded overall power
deficit of 0.7 per cent in the first 7 months of the current
fiscal, with availability of 681.34 billion units, as against
demand of 686.09 BU, Parliament was informed today.
Mayawati dares PM Modi to seek fresh mandate
The issue of demonetisation has rocked both the Houses since the commencement of the winter session.
Sun Pharma to acquire 85% stake in Russia's Biosintez
Sun Pharma would also assume a debt of about USD 36 million as part of this transaction.
'PM has done world's biggest impromptu financial experiment'
With a united opposition protesting and almost 200 MPs from various parties participating in the discussion, the Prime Minister should explain in Parliament why he took such a decision and why he "leaked" the decision to his industrialist friends and BJP leaders, he said.
ATMs with no cash continue to trouble customers
With bank branches providing some
respite to customers in terms of cash availability, ATMs in
and around the city continued to be the main source of woes
for people as most of them downed their shutters.
JPMorgan to settle US government probe of China hiring: Source
The bank will pay roughly USD 200 million combined to the Securities and Exchange Commission and the Justice Department and more than USD 50 million to the Federal Reserve, the source said.
Telangana seeks Rs 7900cr loan from Nabard for pending projects
State Irrigation Minister T Harish Rao made the request during a meeting with officials of NABARD (National Bank for Agriculture and Rural Development), a government statement said.
VW reaches 3.0-liter diesel agreement with EPA: Report
Under the terms of the agreement, which still requires court approval, Volkswagen would fix 60,000 vehicles with affected 3.0 liter engines and repurchase 19,000 older models for which repairs would be too complex, Bloomberg reported, citing anonymous sources close to the negotiations.
Indian insurers to spend Rs 15,000 cr on IT in 2017: Report
The forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.
Vodafone to cover 17 telecom circles with 4G service by Mar'17
Vodafone India today said it will soon launch 4G services across 2,400 towns and eight
additional telecom circles by March 2017.
Complete uploading of KYC papers by March 31: Sebi to MFs
Markets regulator Sebi today asked
mutual fund houses to complete uploading of KYC details of all
their existing clients to the central server by March 31,
2017.
Reliance Defence Q2 net loss narrows to Rs 116 crore
Reliance Defence and Engineering
Ltd's standalone net loss narrowed to Rs 116.2 crore for the
quarter ended September 30.
