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Videocon to roll out 4G services in 10-12 months

Thursday, 29 Aug 2013 | PNS | New Delhi

Videocon Mobile Services is planning to roll out fourth generation (4G) services by July-August next year and is in talks with Nokia Siemens Networks (NSN) for infrastructure. "We will launch 4G in 10-12 months time, probably by July-August next year... We are in talks with NSN for the network," said Videocon...

Bharti Airtel to sell DCMS biz to subsidiary for Rs 177 crore

Thursday, 29 Aug 2013 | PNS | New Delhi

Bharti Airtel will seek shareholders approval for sale of its Data Center and Managed Services (DCMS) business to its wholly-owned subsidiary Nxtra Data Ltd for about Rs177 crore. "To enhance focus and develop capacity and capability across geographies in order to build scale, ability to meet customer demand and develop products...

BRICS may agree on $100 bln currency fund during G20 summit

Thursday, 29 Aug 2013 | PTI | Beijing

BRICS countries may reach consensus at next month's G20 summit on creating a $ 100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said on Wednesday Yi Gang, deputy governor of the People's Bank of...

FIPB clears US pharma major Mylan's Rs 5,168 cr FDI proposal

Wednesday, 28 Aug 2013 | PNS | New Delhi

US-based Mylan Inc's Rs 5,168 crore proposal to acquire Agila Specialties Pvt Ltd -- a subsidiary of pharma firm Strides Arcolab -- was cleared by the Foreign Investment Promotion Board (FIPB) on Tuesday. “Mylan proposal was cleared,” Economic Affairs Secretary Arvind Mayaram told reporters after the meeting FIPB meeting. Since the...

Gujarat plant delayed due to slowdown: Maruti

Wednesday, 28 Aug 2013 | PNS | New Delhi

Maruti Suzuki India (MSI) on Tuesday said it will miss the target of commissioning its Gujarat plant due to the ongoing slowdown in the Indian automobile market. “It is unlikely that we would be able to commission the Gujarat plant even by the end of FY16. The slowdown in the auto...

Patel pitches for stimulus package for auto sector

Wednesday, 28 Aug 2013 | PNS | New Delhi

Worried over prolonged fall in auto sales, Minister of Heavy Industry Praful Patel on Tuesday once again pitched for a stimulus package to revive the sector. “The slowdown in auto sales is a concern and the sector needs to be revitalised. We have seen consecutively 9 months of declining sales which...

US to hit debt ceiling in mid-October

Wednesday, 28 Aug 2013 | S Rajagopalan | Washington

Amid renewed fears of a possible government shutdown that first roiled the Obama administration two years ago, Treasury Secretary Jack Lew has warned that America would hit its statutory debt ceiling in mid-October, urging Congress to act speedily and raise the borrowing limit beyond the current $16.7 trillion level. “Under any...

NSEL defaults in 2nd payout; takes loan to pay small investors

Wednesday, 28 Aug 2013 | PNS | New Delhi

As it defaulted for the second consecutive week in paying its investors, crisis-ridden National Spot Exchange (NSEL) on Tuesday said it has received over Rs 177 crore from its main promoter, Jignesh Shah-run FTIL, which will be used to clear payments due to small investors. NSEL defaulted for the second...

‘Reliance Bank' to be listed after three years: Anil

Wednesday, 28 Aug 2013 | PNS | Mumbai

Hopeful of getting a banking licence for 'Reliance Bank', industrialist Anil Ambani on Tuesday said this proposed venture will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity with an IPO after three years. Addressing shareholders of Reliance Capital, the group's financial...

Ease of doing business key to strengthening Rs : World Bank Director

Wednesday, 28 Aug 2013 | PNS | NEW DELHI

The state of country’s economy due to policy makers’ indicisiveness and the consequent negative impact on rupee and stock markets has forced experts to say India needs to enhance the ‘ease of doing business’ on urgent basis to attract FDI and in turn strengthen the rupee which is sinking very...


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I am with you, Pawar tells victims of social media trolls

15 Oct 2017 | IANS | Mumbai

Coming out in support of young victims of social media trolls, Nationalist Congress Party (NCP) President Sharad Pawar on Saturday exhorted them to speak out against the wrong policies of the Government and oppose growing incidents of intolerance and fascism across India. In an unique initiative, Pawar met around 35 youngsters who have been threatened on social media and/or booked by police for speaking out their minds against the Government and...

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Women power to rule lower judiciary in Jharkhand

19 Oct 2017 | SUMAN K SHRIVASTAVA | Ranchi

There may be glaring gender disparity in the top courts, including Supreme Court and various high courts in the country, but Jharkhand is all set to get gender balance in appointment of judges in subordinate judiciary at the entry level. Of the 46 candidates recommended by the Jharkhand Public Service Commission (JPSC) a few days back to be appointed as Civil Judge (Junior division), earlier known as Munsif Magistrates, 22 are...

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