Shares of Vodafone Idea and Bharti Airtel fell on Thursday, with the former tumbling 13 per cent, on a day when the Supreme Court asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the adjusted gross revenue (AGR)-related dues.
The Supreme Court Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.
Equity benchmark Sensex plunged 709 points on Thursday, led by losses in Reliance Industries, HDFC Bank and ICICI Bank, as a selloff in global equities hit investor sentiment
A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and said that its verdict in the case was misinterpreted as the issue of their dues based on AGR was not dealt with by the apex court.
Billionaire Mukesh Ambani has got 5.52 lakh shares of his flagship firm Reliance Industries (RIL) in the just-concluded Rs 53,124 crore rights issue, according to the company's regulatory filing on Thursday.
The lockdown-triggered joblessness has forced a reverse migration of thousands of guest workers from Tamil Nadu resulting in the workforce across various sectors in the state dwindling, with the construction industry in bearing the brunt.
In the previous session, the BSE barometer settled 290.36 points, or 0.86 per cent, higher at 34,247.05, and the broader Nifty climbed 69.50 points, or 0.69 per cent, to 10,116.15.
This might just be a begining of something big in Kolkata's Kumartuli, a potter's hub famous for its Maa Durga idols. In what is first of its kind shipment, idol maker from Kumartuli has shipped a fibreglass idol of Goddess Durga to Australia, becoming the first artisan from the area to send his artwork overseas amid the COVID-19 outbreak.
Amul launched ‘Ginger’ and ‘Tulsi’ milk to boost immunity amid Covid-19 pandemic. Amul Managing Director R.S. Sodhi reasoned that since a coronavirus vaccine is still to come, their new milk variants will ensure people have enough immunity till then to fight the deadly virus.
Petrol and diesel prices were hiked on Thursday for the fifth consecutive day since state-owned oil companies returned to the normal practice of daily reviews after coronavirus lockdown.
Amazon on Wednesday banned police use of its face-recognition technology for a year, making it the latest tech giant to step back from law-enforcement use of systems that have faced criticism for incorrectly identifying people with darker skin.
Jio-Facebook's platform approach can unlock India's digital ecosystem and address a large market that may potentially be USD 2 trillion (around Rs 151 lakh crore) by 2025, across commerce, payments and content, Bernstein said in a report.
Eight industrial units have been allotted land along the Yamuna Expressway in Gautam Buddh Nagar and the move is expected to bring in investments worth Rs 288 crore besides creating over 21,000 jobs, officials said on Wednesday.
Global rating agency S&P on Wednesday retained India's sovereign rating at the lowest investment grade of 'BBB-' for the 13th year in a row, even as it said the economy and fiscal position will stabilise and begin to recover from 2021 onwards.
The country's largest lender State Bank of India (SBI) on Wednesday said it will hold its general meeting on June 17, through video conferencing mode. In April, the corporate affairs ministry and market regulator Sebi had allowed companies to conduct their AGM/EGM through video conferencing
The BSE Sensex surged 290 points on Wednesday following gains in index heavyweights Reliance Industries, HDFC and ICICI Bank amid persistent foreign fund inflows.
The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards.While Rs 115.21 crore was garnered by way of levying a fee on ATM transactions, the bank said.
M12, Microsofts venture fund on Wednesday announced its local presence in India with the opening of an office in the city. The office will pursue investment opportunities across the region, focusing on B2B software startups in the sectors of applied AI, business applications, infrastructure,security, and vanguard technologies
TCS iON, a strategic unit of Tata Consultancy Services, on Wednesday said it has partnered with the National Skill Development Corporation (NSDC) to provide its training partners access to digital skilling tools using TCS'' iON Digital Glass Room.
MakeMyTrip on Wednesday said it has partnered with Meru to provide sanitized cab services for all the major airports across the country. Through this partnership, the company aims to continue extending a seamless and connected air travel experience on a single platform – from booking flight tickets to experiencing a safe and contactless cab journey, with greater emphasis on hygiene and safety of travellers
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