Trai to share new telecom policy inputs with Department of Telecom in December

The regulator Trai plans to share with the Telecom Department next month its inputs on key aspects that need to be considered as part of the New Telecom Policy(NTP), according to a senior official of the watchdog, reported PTI. The Telecom Regulatory Authority of India (Trai) will do an "internal brainstorming" on the emerging requirements of the sector for 2020-2022 as also the netwo

ICEX completes first diamond futures contract of Rs 173.32 cr

Indian Commodity Exchange (ICEX), the world's first diamond derivatives exchange, today said it has successfully completed first-ever diamond futures contracts settlement with the total traded quantity in November expiry for 5,382.08 carats valued at Rs 173.32 crore. ICEX had commenced operations on August 28 with the launch of three monthly diamond futures contracts - of November 2017, Dec

Employee who shot video of passenger-manhandling actual culprit: IndiGo

A new twist to the IndiGo passenger manhandling case emerged on Wednesday as the airline said the apparent whistleblower, who shot the video, was the main culprit in the incident.

The airline made the revelation in its report which was submitted to the Ministry of Civil Aviation on Wednesday.

On Tuesday, Union Minister Jayant Sinha sought a report from budget carrier IndiGo

IT spending in EMEA to hit $1 tn in 2018: Gartner

 IT spending in Europe, the Middle East and Africa (EMEA) is projected to exceed $1 trillion in 2018 -- an increase of 4.9 per cent from an estimated spending of $974 billion in 2017 -- market research firm Gartner said on Wednesday.

"The UK has EMEA's largest IT market and its decline of 3.1 per cent in 2017 impacts the forecast heavily," said John-David Lovelock,

RInfra emerges lowest EPC bidder for Kudankulam 3, 4 units

Reliance Infrastructure Limited (RInfra) has emerged the lowest bidder for the engineering, procurement and construction (EPC) contract tendered by Nuclear Power Corporation of India Ltd (NPCIL) for two 1,000 MW power plants at Kudankulam in Tamil Nadu, said sources.

According to the sources, the bids for balance of plant (BOP) and common services were opened on Tuesday and RInfra'

Odisha for speedy resolution of Mahanadi water dispute

 Odisha Chief Minister Naveen Patnaik on Wednesday requested Prime Minister Narendra Modi to expedite the issuance of notification for constitution of a tribunal to resolve the Mahanadi water dispute with Chhattisgarh.

"The delay in constituting the Tribunal has been taken advantage of by the state of Chhattisgarh in going ahead with the construction works of six barrages on

Are those observing black day in favour of black money, asks Sitharaman

 Defence Minister Nirmala Sitharaman on Wednesday wondered if the opposition parties are in favour of black money as they are observing the first anniversary of demonetisation as a black day.

On this day last year, Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1,000 notes, which he said was aimed to eradicate black money and terror funding.

Oppo

2.32 mn suspicious bank accounts under scanner: Nitin Gadkari

 Massive cash deposits of Rs 3.68 lakh crore in 23.22 lakh (2.32 million) bank accounts are under suspicion post the demonetization move and are being investigated, Union Shipping Minister Nitin Gadkari said here on Wednesday.

Besides, around 17.73 lakh (1.77 million) cases have been detected where the cash transactions failed to match the income tax profiles of the individuals,

Banks` net profit declines by 18% in Q2: CARE Ratings

Net profit of banks during the second quarter declined by 17.8 per cent as a result of fall in other income coupled with slower growth in interest income, CARE Ratings said in a report as per the PTI. The study takes into account 23 banks. Of this, 13 are private banks and 10 public sector lenders that announced their results on or before November 6, 2017.

However, the decline in net

Rural areas need affordable tariff structure to promote Digital India

The Ministry of Communications has said that Digital India, to provide Digital Services in rural and remote areas, is one of the priority areas of the Government. In order to provide affordable broadband services in rural India under the dynamic leadership of our Prime Minister of India Narendra Modi, a new attractive and affordable tariff structure has been decided with the principle of more y

Government seeks report from IndiGo over passenger manhandling incident

 Union Minister of State for Civil Aviation Jayant Sinha on Tuesday said that a detailed report has been sought from budget carrier IndiGo regarding an incident at Delhi airport last month, when a passenger was manhandled by the airline's staff.

The incident which took place on October 15 surfaced on Tuesday after a video showed passenger -- Rajiv Katiyal -- being manhandled

American expert favours Indo-US pact in IT sector

 A bilateral agreement in the IT sector between India and the US would benefit many sectors, including defence and aerospace, said a top official of an American advisory services firm on Tuesday.

"A bilateral US-India IT sector agreement will benefit many sectors such as defence, aerospace, banking, science and technology, infrastructure and flow of people," said The St

Railways` revenue through digital payment up 12%

The Indian railways on Tuesday reported a rise of over 12 per cent in its cashless revenue stream generated from the reserved segment of e-tickets till August, 2017 from the period of 2016-17.

The massive rise in cashless revenue stream from the reserved segment category was attributed to various steps initiated by the railways, a railway ministry official said.

"The ca

40% increase in bilateral trade with India: Vietnamese Ambassador

There has been an over 40 per cent increase in bilateral trade between India and Vietnam in the first nine months of this year compared to the same period last year, Vietnamese Ambassador Ton Sinh Thanh said on Tuesday.

He added that this growth was "much higher" than growth in Vietnam's bilateral trade with any other country and also made India one of the top ten tradin

Coal India app for smooth fuel delivery by road launched

The Union Coal Ministry launched a mobile application to facilitate smooth despatch of coal by road transport to customers of state-run Coal India Ltd (CIL), an official statement said on Tuesday.

The "Grahak Sadak Koyla Vitaran" app was unveiled recently in Kolkata by Coal and Railway Minister Piyush Goyal, a Ministry statement said here.

"This app is a step

US India`s biggest trade partner: US diplomat

With bilateral trade between India and the US reaching $115 billion last year, US is now India's "number one trade partner", a US diplomat said here on Tuesday.

"The United States is now India's number one trade partner and US exports of goods in services to India support more than 200,000 US jobs," US Consul General in Chennai Robert G. Burgess said at the

TRAI issues advisory to DTH operators to enable online payment

The Telecom Regulatory Authority of India (TRAI) has issued an advisory to all direct-to-home (DTH) operators for enabling online payment system using Bharat Interface for Money (BHIM)/Unified Payments Interface (UPI) and Bharat QR code.

"Government of India is making efforts for promoting a less cash economy and Digital Payments in various utilities. To achieve the above mention

Can build French-style ropeways, cable cars: Nitin Gadkari

There is potential to build thousands of ropeways, cable cars and funicular railways in India's hilly regions, just like in France, Union Road Transport and Highways and Shipping Minister Nitin Gadkari said on Tuesday.

Gadkari, who was in Goa to conduct a review of all works related to major ports in the country, also said that the newly formed Indian Port Rail Corporation would b

PE activity zooms 77% in October: Report

Private equity (PE) activity in the country rose by 77 per cent to $2.1 billion worth of transactions in October, a report said on Tuesday.

According to EY's monthly PE deal tracker for October 2017, the industry witnessed $2.1 billion worth of transactions spread across 56 deals.

In October 2016, the country's PE activity recorded 60 deals worth $1.2 billion.

Will transport liquid cargo by road, waterways : Nitin Gadkari

The Shipping Ministry has decided to transport liquid cargo like LNG, LPG, methanol, CNG and edible oils by waterways and railways instead of roads, and will focus on creating infrastructure for it, Union Road Transport and Highways and Shipping Minister Nitin Gadkari said on Tuesday.

Gadkari, who was here to conduct a review of all works related to major ports in the country, said: &

Fund raising via preferential allotment rises 25% in April-September

Indian companies garnered over Rs 23,000 crore through issuance of shares on preferential basis during April-September of the ongoing fiscal, a jump of nearly 25 per cent from the year-ago period. The funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes. As per the Securities and Exchange Board of India data, funds r

`Policy on recycling batteries needed for electric vehicles`

The government should draw up a recycling policy on batteries before going in full speed towards electric vehicles, failing which there will be the risk of water getting polluted due to old batteries, said a top Mercedes-Benz India official here on Tuesday.

Interacting to reporters here after launching two new models - Mercedes-AMG CLA 45 and GLA 45 4MATIC, Managing Director and CEO R

Telecom department looks to bring in new telecom policy by February: Manoj Sinha

The telecom department (DoT) looks to finalise the new telecom policy by February and would release its draft by December-end for public comments, Union minister Manoj Sinha said today. "We are trying to bring new telecom policy by February. For this the working group has started the process. We expect to finalise draft by end of December and place it for public comments," the Communi

Pet coke ban to render 25 lakh workers in NCR jobless:Assocham

The Supreme Court’s decision to ban distribution, sale and use of furnace oil and pet coke in the national capital region will render over 25 lakh workers jobless, Assocham said. “The industries are already under tremendous stress after the implementation of GST and the ban on use of pet coke will prove to be the final nail in the coffin. Over 25 lakh workers will be rendered jobles

Moody`s ups rating outlook for BoI, Union Bank, OBC to stable

Moody's Investors Service said it has revised the rating outlook on three PSU lenders - Bank of India, Union Bank and Oriental Bank of Commerce - to stable from negative, reported PTI. The upgrade in outlook follows the government's announcement last month to infuse an unprecedented Rs 2.1 lakh crore into public sector banks over two years.

"Moody's changed the outloo