Commerce Minister tells BJP parliamentary party that the move was aimed at protecting domestic industry India did not succumb to international pressure for joining the Regional Comprehensive Economic Partnership (RCEP) to save the interests of domestic industry, Commerce and Industry Minister Piyush Goyal told BJP MPs on Tuesday. In the first meeting of the BJP’s […]
Anil Ambani has resigned as the director of Reliance Communications. The move comes even as lenders to the telecom company are looking to sell RCom assets. The company is now being managed by a resolution professional. Ambani’s resignation marks the end of his telecom ambitions. Anil had got the telecom venture as part of an […]
Reliance Communications (RCom) share prices closed down at its 52-week low of Rs 0.57 on Monday, which followed the resignation of Anil Ambani as a director of the company. RCom Chairman Anil Ambani and four directors resigned on Saturday. Read more: Anil Ambani resigns as Reliance Communications director In early trade on Thursday, the company’s shares […]
DoT sends out a notice seeking compliance with Supreme Court order A day after Vodafone Plc’s Chief Executive Officer cast doubt over the future of its India operations due to massive financial stress, the Department of Telecom has issued notices to all operators asking them to pay up their licence fee dues as per the […]
Shares of Vodafone Idea and Bharti Airtel tumbled on Thursday, amid reports that the DoT has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court. Vodafone Idea plunged 21.62 per cent to Rs 2.90, its record low, on the BSE. Bharti Airtel also fell […]
The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala tran. NEW DELHI: The CBDT (Central Board of Direct Taxes) on […]
The Maruti Suzuki-Toyota partnership was confirmed in 2017, which would see the carmakers access either party’s pool of vehicles that would be rebadged and sold under their respective brands. It now seems, the automakers are planning to take the partnership a step further and are in the process of setting up a scrappage plant together […]
The RBI has declined to reveal the cost incurred on shredding banned currency notes worth Rs 15,31,073 crore which returned to banks following demonetization, an RTI activist said, citing a response from the central bank. To a query under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) said the process of […]