The telecommunications spectrum auctions concluded on Tuesday after a day and a half of bidding, and the Center had revenues of Rs 77,814.80 million. The amount exceeded government and analyst expectations as telcos focused on renewing expiring spectrum and consolidating stakes in certain bands. Reliance Jio, led by Mukesh Ambani, …
Read More »Jeff Bezos vs. Mukesh Ambani is not the only fight in Indian retail
The ongoing digital transformation of corner kirana stores, tens of millions of stores serving 1.3 billion consumers, will be of great importance to everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the largest. country lender. It will also be important to Amazon.com Inc. boss …
Read More »GST Revenue Reaches $ 1 Billion By Fifth Month
The collection of taxes on goods and services (GST) by the Center and the states exceeded the ₹$ 1 trillion for the fifth consecutive month in February, helped by an aggressive push to improve business compliance and recovery. The sustained rise in GST collections, which recovers after a sharp drop …
Read More »SBI cuts mortgage loan interest rates
State Bank of India (SBI) has lowered the interest rate on home loans. The Bank now offers an interest concession of up to 70 basis points (bps) with interest rates from 6.70% onwards. This is a limited-period offer ending March 31. The lender is also granting a 100% waiver on …
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Read More »Launch of Amazonia-1 satellite high point in space ties, say India, Brazil
The launch was witnessed by the Brazilian Minister of Science, Technology and Innovation, Marcos Pontes, and the heads of the Brazilian Space Agency (AEB) and the National Institute for Space Research (INPE) in Sriharikota. The successful launch of Brazil’s Amazonia-1 satellite by the Indian Space Research Organization marks a new …
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Read More »India and UN human rights chief clash over farmers’ protests | India News
NEW DELHI: India and UN human rights boss Michelle Bachelet crashed on Friday when the latter hit the government on the farmers’ protests and their recent action against journalists and activists. In its response, the government said that Bachelet’s observations lacked “objectivity and impartiality.” Charges of sedition against journalists and …
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Read More »Vehicle with explosives found near Mukesh Ambani’s home in Mumbai
A Scorpio SUV with the explosive substance was found near Mukesh Ambani’s home. Mumbai: An abandoned vehicle with explosive material was found near the home of business tycoon Mukesh Ambani in Mumbai on Thursday, Maharashtra Interior Minister Anil Deshmukh said in a bomb scare just meters from where India’s richest …
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