The Fitch group firm said that the linkages would be re-assessed in case of a decline in GoI's stake in an OMC and would also assess the continuance of government control in an OMC's decision making

In the first half of the current financial year, the government has earned Rs 1,54,798 crore in the form of dividends and profits from its entities. This is equivalent to 95 per cent of the entire year's target of Rs 1,63,528 crore

Jio rebuffed COAI's concerns that the two operators might stop operations if the government does not revoke legal financial obligations arising out of Supreme Court's AGR verdict

The final amount due is being calculated by DoT and will be communicated to telcos over the next few days. The two incumbents, Vodafone Idea and Airtel, are supposed to pay about 54 per cent of the total due amount

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Going by the current market capitalisation of BPCL, the buyer will have to shell out at least Rs 60,000 crore to buy the government's 53 per cent stake and about Rs 30,000 crore for another 25 per cent from the public in the mandatory open offer

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Capital expenditure during the first five months of the current financial year have been 40 per cent of the budgeted target of Rs 3.38 lakh crore against 44 per cent in the previous financial year

In Q1 of 2019-20, net services receipts increased by 7.3 per cent on a y-o-y basis, driven by spurt in net earnings from travel, financial services and telecommunications, computer and information services

Facebook's Libra launch could be delayed over regulatory concernsThe launch of Facebook's cryptocurrency, Libra could be pushed back to tackle the regulatory concerns that have been raised around the world. Three months ago, Facebook announced plans to launch the digital currency in June 2020, in partnership with other members of the Libra Association. However the attempt to bring cryptocurrencies into the mainstream has since met with regulatory and political skepticism globall...

The apex bank is likely to announce the rate cut to complement government's measures like reducing corporate tax and promoting credit offtake to boost economic activity during the festive season amid a slowdown.

Former chief minister Vilasrao Deshmukh's son Amit has been fielded from the Latur City seat, while ex-home minister Sushilkumar Shinde's daughter Praniti will contest from the Solapur City Central seat

Real estate companies will be spending more on performance, marketing and sales related efforts than building brand and accordingly have cut their ad spends by almost 50 per cent, according to a media and digital marketing communications company

American aerospace major is also working on manufacturing the wings for its F-16 fighters from their JV plant in Hyderabad and has started work on a prototype, which will enable it to supply to the world soon

According to the weather department, the state capital Patna has received more than 200 mm of rainfall since Friday evening, which Disaster Management Department Principal Secretary Pratyay Amrit described as totally unexpected

The government has come under tremendous pressure to meet its fiscal target due to a falling revenue collection and a series of measures taken in the last month to reinvigorate the sagging economy

\"The government's public debt accounted for 89.4 per cent of the total outstanding liabilities at end-June 2019,\" a government statement says

The finance ministry recently communicated to the petroleum and natural gas ministry that the state-run OMCs would need to raise their dividend payout this year.

While the government is doing maths to find alternate revenue sources, there is another issue to take into account -- the Centre fears a deficit of nearly Rs 40,000 crore in the GST collections as compared to what it had budgeted for 2019/20