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INDUSTRY

INDUSTRY

Bharti Airtel Chairman Sunil Bharti Mittal

Sunil Mittal suggests tarrifs must go up; calls for improvement in GST, licence fee

Sep 16, 2021

Telecom reforms will spur growth, and have paved the way for all players to come together and work as a team to unleash India's telecom dream, Mittal said

BHEL, in a statement, said that with its unique state of the art design, the project is an engineering marvel

BHEL commissions India's largest 25 MW floating Solar PV plant

Sep 16, 2021

Located in NTPC Simhadri in Andhra Pradesh, the 25 MW floating SPV project covers an area of 100 acres, leading to saving of valuable land resource and conserving water by reducing evaporation

SBI stated that this offer results in a saving of 45 bps

SBI slashes home loan interest rate to 6.70%; check out details

Sep 16, 2021

With the introduction of the festive season offers, a borrower can now avail home loan for any amount at a rate as low as 6.70%

The bidding deadline for Air India was extended nearly five times due to COVID-19 pandemic

What's next in Air India's sale process?

Sep 16, 2021

Though the government intends to close the deal by December, there's a whole list of procedures that need to be followed over the next few months

Tata Consultancy Services (TCS) posted a 28.5 per cent increase in consolidated net profit at Rs 9,008 crore for the first quarter ended June 30, 2021

TCS becomes first Indian IT firm to hit $200 m-cap

Sep 16, 2021

TCS's global competitors Accenture and IBM have a market cap of $216 billion and $122 billion, whereas domestic rival Infosys is valued at $99 billion

Ajay Singh, chairman and managing director, SpiceJet, said, "We are happy to announce the launch of 38 new domestic and international flights on our network."

SpiceJet to start 38 new domestic, international flights in Sept 15-25

Sep 16, 2021

SpiceJet said it will resume flights to and from Dubai, connecting it with Mumbai, Delhi, Ahmedabad, Kochi, Kozhikode, Amritsar and Mangaluru.

The rationalisation of AGR will also result in significant savings for the telcos as they will no longer be required to pay AGR on non-telecom revenues in future

Telecom reforms a big boost but no respite from fee on existing spectrum income

Sep 15, 2021

As per ratings agency ICRA, the four-year moratorium is likely to provide a breather of Rs 14,000 crore to the industry. It will also increase the survival chances of Vodafone Idea, which has the highest AGR dues

"We do not intend to stop," Vaishnaw said underlining the government's firm resolve to push ahead with reforms.

Govt likely to conduct 5G spectrum auction in February next year: Telecom Minister

Sep 15, 2021

Vaishnaw said the telecom reforms package cleared by the Cabinet is adequate for the survival of existing players, and added that with more reforms, that are in the pipeline, "more players should come".

The government is looking to sell 100 per cent of its stake in Air India.

Financial bids received for Air India divestment; Tata Sons among bidders

Sep 15, 2021

In a tweet, DIPAM Secretary Tuhin Kanta Pandey said, “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage.”

Cabinet has announced key decisions for the telecom sector

Cabinet approves relief package for telecom sector; Vodafone Idea, Airtel to benefit

Sep 15, 2021

Main highlights of the relief package are expected to be a four-year moratorium on the AGR dues. It could also allow telcos to surrender spectrums that have not been used

The lower interest rate regime is here to stay for the time being and it brings in a lot of relief to existing home loan customers

Is it a good idea to buy house during this festive season?

Sep 14, 2021

Kotak Mahindra Bank recently slashed its home loan interest rates from 6.65% to 6.5% as a festive season offer. Other banks are expected to follow Kotak Mahindra Bank's footsteps as well