After SC lashing, DoT tells firms to pay Rs 4 lakh crore by Friday midnight

NEW DELHI: Jolted by the tongue lashing from the Supreme Court, the department of telecommunications (DoT) set Friday midnight as the deadline for private telecom majors as well as some big PSUs to cough up Rs 4 lakh crore they had been directed to pay to the government as part of the licensing agreement. Noting […]

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Government may look at division of shares for retail push

NEW DELHI: The government is examining suggestions to allow fragmentation of shares for greater retail participation, while also seeking a review of the limits on bank loans against shares. The two issues were flagged at a meeting of market players, experts and economists with finance minister Nirmala Sitharaman on Friday, where there was a suggestion […]

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Now, frequent travellers can get long term Schengen visa for upto 5 years

NEW DELHI: Frequent travelers to Europe will no longer need to repeatedly apply for short-term Schengen visas usually issued till now. European Union’s new visa rules from February 2 allow multiple-entry visas with long validity, ranging from 1 to 5 years, under a graded approach where a frequent traveler will need to earn the next […]

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India Inc expects ‘mini’ trade deal during Trump’s visit

NEW DELHI: India Inc expects tangible outcomes from US President Donald Trump‘s maiden visit to the world’s fifth largest economy later this month, including a bilateral “mini” trade deal and higher investment commitments from American companies, industry groups said on Sunday. The two countries are negotiating a trade package to iron out certain issues and […]

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Will not just defend market share but also charge at competition: Maruti Suzuki MD

NEW DELHI: The country’s largest car maker Maruti Suzuki India (MSI) will not only defend its market share but also “charge” at and “chase” competitors in the wake of newcomers, such as Kia and Chinese players, intensifying competition, according to a top company official. MSI, which had a share of 50.59 per cent in the […]

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FRBM not breached in the Union Budget: Nirmala Sitharaman

HYDERABAD: Finance minister Nirmala Sitharaman on Sunday said the 2020-21 Union Budget was prepared keeping the FRBM (Fiscal Responsibility and Budget Management)in mind even as she maintained she would be remembered for presenting the “longest prepared budget” than for “longest speech” on it. “So in a way all these (measures) and more has been done […]

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