“Holistic approach will be required to ensure availability of digital infrastructure in building complexes” Telecom regulator TRAI will soon come up with recommendations that will facilitate in improving telecom connectivity, especially 5G when it is rolled out, a top official has said. Telecom Regulatory Authority of India (TRAI) chairman P.D. Vaghela during a virtual event organised by Digital Infrastructure Providers […]

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019 In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20-year-old State-run telecom company BSNL as top service provider in the segment. According to a monthly telecom subscribers report released by the Telecom Regulatory Authority of India (TRAI) on […]

Don’t be taken in by cold callers offering you benefits from your insurance company, you can be in for nasty surprises We are living in a high-pressure marketing environment aided by technology, and this has provided opportunities galore for fraudsters to prey on the bewildered and overwhelmed public. For the gullible and the wary equally, here are some ground rules. […]

The national carrier defaulted on the concessional late return fees/ penalty for the period from July 2016 to December 2019. Air India shelled out an "avoidable" penalty of ₹ 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last […]

Reliance Industries chairman and managing director Mukesh Ambani on Wednesday pitched for making roll-out of 5G services a national priority, and called for policy measures to ensure affordability of devices along with telecom services. “Indians have embraced technology with unbridled optimism. During COVID, when the chips were down, it was the chipsets that kept us going. When COVID-induced lockdowns rocked […]

The e-auction of KSK Mahanadi is scheduled to take place on December 31, 2021. SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore. "In terms of the bank’s policy on sale of financial assets, in line with […]

More than 3.96 lakh companies were removed from official records in the last five financial years after following the due process under the companies law, according to official data. The corporate affairs ministry, which is implementing the Companies Act, 2013, struck off 12,892 companies from the official records in the last fiscal, while the number stood at 2,933 in 2019-20. […]

French building materials firm Saint-Gobain (CODGF.PK) Monday said it has entered into a definitive agreement to acquire GCP Applied Technologies, a specialty construction chemicals company, for $32.00 per share in cash. The transaction is valued at approximately $2.3 billion or about 2.0 billion euros. The Boards of Directors of both companies have unanimously approved the deal. Closing of the transaction […]

Santander Holdings USA, Inc., a wholly-owned subsidiary of Banco Santander, S.A. (SAN), announced Friday that it has extended the expiration date of its previously announced tender offer to acquire all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (SC) not already owned by it for $41.50 per share. Under the terms of the merger agreement entered into […]

The first bid would net Rs.478 crore for 53 lakh bids, said the officials in a regulatory filing. The Initial public offering of Rs.7,247 crore Star Health and Allied Insurance Co. Ltd, was subscribed 0.12 times on the upper band of Rs.900 on day one from non institutional investors and retail investors. The first bid would net Rs.478 crore for […]