Telecom regulator TRAI on Monday issued a draft to repeal the regulation on quality of service of dial-up and leased line internet access service. The Telecom Regulatory Authority of India (TRAI) said that there are no dial-up subscribers now and high-speed broadband services are being provided through optical fibres, wireless technologies such as 4G. "Authority [...]
India Inc's key credit ratios moderated sharply in the second half of FY23 on expected lines and are likely to go down further, Crisil Ratings said on Monday, maintaining that upgrades will continue to outpace downgrades. The Crisil credit ratio, or the number of upgrades to downgrades, moderated to 2.19 times for the October 2022-March [...]
Odisha Chief Minister Naveen Patnaik will Monday embark on a week-long tour to Japan in a bid to attract investments for the eastern state in various sectors, officials said. During the visit, Patnaik is likely to attend programmes in Tokyo, Kyoto and Osaka and return on April 9, they said. “We are optimistic about wooing [...]
Pakistan's Finance Minister Ishaq Dar will be leading a high-powered delegation to the US to attend the annual spring meeting of the IMF and the World Bank and for talks with officials which can help the cash-strapped country to ink a much-needed USD 1.1 billion bailout with the IMF. Dar along with an official delegation [...]
Manufacturing activities in India touched a three-month high in March boosted by faster expansions in new orders and output amid demand resilience and easing of cost pressures, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose from 55.3 in February to 56.4 in March, signalling the strongest [...]
Nine of the top 10 valued firms together added Rs 2,34,097.42 crore in market valuation amid a positive trend in equities last week, with Reliance Industries emerging as the biggest gainer. The 30-share BSE benchmark jumped 1,464.42 points or 2.54 per cent in a holiday-shortened last week. Equity markets were closed on Thursday on account [...]
Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions. As per an official note, JSW Steel has won Banai and Bhalumunda mines in Chhattisgarh, another block Parbatpur Central and Sitanala mines in Jharkhand, while JSW Cement bagged Marwatola - VI mine in Madhya [...]
India's power consumption dipped 0.74 per cent to 127.52 billion units (BU) in March this year for the first time in 31 months, according to government data. The contraction in power consumption is mainly because of widespread rains due to western disturbances in the country and low temperature in March. Last contraction in power consumption [...]
India's fuel demand rose in March as a pick-up in agriculture activity helped reverse a slowdown that was witnessed in the first half of the month, preliminary industry data showed on Sunday. Fuel sales soared to the highest levels in February on the back of robust demand from the agriculture sector as well as transport [...]
The government may consider a 0.3 per cent uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensure financial viability of the UPI payment system, suggested a study by IIT Bombay. The facilitation fee of 0.3 per cent can generate around Rs 5,000 crore in 2023-24, said the [...]
