NEW DELHI: At a time when beleaguered Vodafone Idea seeks govt support for survival, Telecom Minister Jyotiraditya Scindia on Tuesday said duopoly is not good for the sector and there must be competition in the industry.“Our job is to provide as many avenues as possible and within each vertical as well, provide intense competition. It’s…
The Centre and Karnataka government have agreed to jointly compensate mango farmers in the state for up to 2.5 lakh tonnes of produce after a sharp decline in market prices, according to an official statement issued on Saturday.The decision was taken during a video conference between Union Agriculture Minister Shivraj Singh Chouhan and Karnataka Agriculture…
India’s real GDP growth is expected to exceed 6.5% in FY2025–26, while real Gross Value Added (GVA) growth is likely to surpass 6.3%, according to a new outlook released by rating agency Icra on Tuesday.In its report, the agency cited rural demand, income tax relief, and lower EMIs as key factors that would support economic…
The State Bank of India (SBI), country’s largest lender, slashed its lending rates by 50 basis points, bringing much-needed relief to both existing and new borrowers.With this revision, SBI’s repo linked lending rate (RLLR) now stands at 7.75 per cent, while its external benchmark based lending rate (EBLR) dropped to 8.15 per cent from 8.65…
Air India plane crash (Photo: AP) AHMEDABAD: Manish Kamdar is inconsolable. “If only…” he repeats, dazed by the cruel hands of fate. He lost his daughter Yasha, her mother-in-law Raxa Modha and the youngest addition to the family, his 15-month-old grandson Rudra, in the crash. What happened at the immigration counter torments Kamdar. An immigration…
Stampede outside Chinnaswamy Stadium The Karnataka high court on Friday granted interim conditional relief to office-bearers of the Karnataka State Cricket Association (KSCA), after the cricket board moved the high court to quash the FIR registered against its officials in the Chinnaswamy Stadium stampede case.Justice SR Krishna Kumar ordered that no coercive action should be…
India’s automobile sector has welcomed the Reserve Bank of India’s latest rate-cut move, calling it a timely intervention that could improve financing access, strengthen consumer sentiment, and support overall retail growth.On Friday, the RBI reduced the repo rate by 50 basis points to 5.5% and cut the Cash Reserve Ratio (CRR) by 100 basis points…
NEW DELHI: Vodafone Idea CEO Akshaya Moondra’s recent statement about continuing talks with the government seeking relief for adjusted gross revenue (AGR) dues have triggered legal backlash, with experts saying the comments are misleading.His statement came just days after a two-judge bench of the Supreme Court, comprising Justices JB Pardiwala and R. Mahadevan, on May…
NEW DELHI: In a relief to Vedanta, the appellate tribunal NCLAT has stayed the National Company Law Tribunal orders against the demerger of the multinational mining company into separate entities and subsequent listing.The Mumbai bench of NCLT had on March 4 rejected the first motion petition moved for the composite scheme of arrangement between Vedanta…
The US administration has paused all fresh visa interview scheduling for foreign students, causing significant uncertainty and concern amongst thousands of international students, including Indian students, as well as overseas education consultants who assist students in securing admission to universities abroad. With the academic session approaching, many fear that delays could impact their travel plans…