The company will keep operating its business-to-customer segments, but will focus its energies more on getting corporate clients, the officials said.
The tax department said it has found evidence of foreign hawala deals involving Hong Kong and US dollars.
An AIF refers to any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing in accordance with a defined investment policy for the benefit of its investors.
Banks are at most risk of being hit by the pandemic as economic contraction reduced corporate earnings and individual incomes.
Currently, while scheduled international operations — that mainly see operations of wide-bodied airliners — are suspended due to Covid-19, special repatriation flights are being operated by both Indian and foreign carriers.
Investigators have so fartaken custody of plane’s black boxes, the digital flight data recorder and cockpit voice recorderm and they are being analysed.
Manufacturing sector, which has a weight of 77.6 per cent in IIP, contracted by 17.1 per cent in June.
The issue at stake is that if spectrum belongs to government and is given to the telecom operators on lease can it be put up for monetisation as part of the resolution plan.
Special Chief Secretary for Industries R Karikal Valaven said the state is committed to delivering on each element of the policy. It proposes interventions across infrastructure, ease of doing business, skill development, business enablement, and fiscal incentives.
The claims filed through the app saw a 180% rise from the 3.97 lakh claims filed through the app during the pre-Covid-19 period of December-March 2020.
The project, funded by Universal Service Obligation Fund (USOF), was started late in 2018, and aimed to connect seven island in the Andaman group, apart from the capital Port Blair, with high speed broadband.
Despite a 7.5% rise in the Nifty index in July, equity mutual fund schemes saw an outflow of Rs 2,480 crore.
The board of directors of InterGlobe Aviation Limited at its meeting on August 10, 2020 has considered and approved the raising of funds for an aggregate amount not exceeding Rs 4,000 crore through an issue of equity shares by way of a qualified institutions placement.
Banks without significant exposure to a borrower cannot open their current accounts.
On Friday, a Boeing 737-800 aircraft with 191 people on board overshot the runway at Kozhikode airport after landing and fell into a 35 feet deep gorge resulting in the aircraft being broken up into three parts.
Following meetings in the Department of Telecommunications (DoT) between officials from BBNL and CSC, the two agencies decided it was in everyone’s best interest if CSC continued to work on last mile connectivity under BharatNet as agreed.
Q1FY21 results were marked by severe disruptions to the supply chain as also demand, with much of India locked down for most of the time.
During the June quarter, which witnessed 20 per cent jump in Nifty, retail investors raised their holding in 1,018 companies listed on the National Stock Exchange (NSE).
During May, June, and July, for example, the total number of transactions done through the NPCI’s Unified Payments Interface (UPI) stood at 1,234.5 million, 1,336.9 million, and 1,497.3 million, respectively.
total limit for such transactions on an instrument has been set at Rs 2,000 at any point of time for the pilot scheme.
Finance Minister Nirmala Sitharaman said 37 more applications seeking financing of up to Rs 11,037 crore are under process.
Air India Express’s aircraft is reinsured for around Rs 375 crore and Air India will recover this amount from reinsurers as the plane has been totally damaged.
With evacuation efforts being hindered by the fire, the chances of survival decrease significantly.
The future expectations index charted back into the positive territory, indicating signs of recovery for the year ahead, the survey said.
In Maharashtra, four of the sites will be in Pune, two in Mumbai and one each in Nagpur and Wardha. Two sites will be in Chennai, while Visakhapatnam, Mysore, Jodhpur, Patna, Chandigarh, New Delhi and Gorakhpur will have one site each for the trials.