New Delhi, Apr 25: The government has announced that a framework for an e-commerce policy will be prepared within the next six months. The comprehensive policy is expected to focus on all aspects of the e-commerce business and consumers. It will encompass data privacy and taxation, apart from a host of technical aspects such as […]
New Delhi, Apr 25: The government has inked a loan agreement of USD 125 million with World Bank’s investment arm to fund ‘Innovate in India for Inclusiveness’ project. The loan agreement was signed between Sameer Kumar Khare, joint secretary, Ministry of Finance and Hisham Abdo, Acting Country Director, World Bank (India), an official statement said […]
New Delhi, Apr 25: Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8 per cent in the first half of this year, says a report. According to the Japanese financial services major Nomura, investment and consumption demand […]
New Delhi, Apr 25: Around 150 players have shown interest in the Air India privatisation process, made queries and sought clarifications on the terms of the flagship carrier’s sale. These include both foreign and Indian airlines, as well as a number of domestic and external non-aviation entities. “The stakeholder consultation has got a good response. […]
New Delhi, Apr 25: Bharti Airtel, Idea Cellular and Vodafone group today announced that they have agreed to merge Vodafone, Idea Group and Providence Equity Partners’ respective shareholdings in Indus Towers Limited into Bharti Infratel Limited, creating a combined company that will own 100 per cent of Indus Towers. This will be the largest tower […]
New Delhi, Apr 25: Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on […]
Srinagar, Apr 25: Bharti Airtel announced a partnership with Apple for the India launch of the Apple Watch Series 3 (GPS + Cellular). The watch will come enabled with built-in cellular and will be available on Airtel Online Store. Airtel customers can make the most of the Apple Watch Series 3 on India’s fastest network […]
New Delhi, Apr 25: A 27-member Committee of Creditors (COC) consisting of 24 Educomp Solutions Limited (ESL) banks and lenders and three lenders of its subsidiary Edu Smart Services Private Limited (ESSPL) has recently cleared a proposal for the sale of ESL to Nasdaq-listed Ebix Inc., a leader in insurance and payment processing software and […]
Mumbai, Apr 24: Resolution professionals (RPs) are coming under sharp attack not only from bidders but also the National Company Law Tribunal (NCLT) for not following the process mandated under the Insolvency and Bankruptcy Code (IBC), 2016. The arbitrary way of handling IBC cases has led to litigation and delayed resolution of bank debt worth […]
New Delhi, Apr 24: With an aim to enhance cyber security, markets regulator Sebi is looking to put in place a new set of guidelines, wherein fingerprint or eye-scan will be required for stock trading through mobile applications. The markets watchdog has sought comments from the market participants like brokers, traders and stock exchanges in […]