NEW DELHI: Telecom Minister Ravi Shankar Prasad has directed BSNL and MTNLNSE 4.97 % to implement VRS guidelines quickly and initiate proactive measures to monetise assets in a time-bound manner, while making it clear that they have to become more aggressive in the telecom market, sources said. A government official privy to the development said […]

KOLKATA: Reliance Jio has shot off a second letter to telecom minister Ravi Shankar Prasad to build pressure on the government, saying the latter does not have any legal ground to grant relief to Bharti AirtelNSE 2.05 % and Vodafone IdeaNSE 5.81 % on payment of statutory dues based on adjusted gross revenue (AGR). The […]

NEW DELHI: WhatsApp had informed the Indian government in September that 121 Indian users were targeted by the Israeli spyware Pegasus, but IT ministry has contended that the information received from the messaging app earlier was inadequate and incomplete, according to sources. Sources at WhatsApp said the messaging platform has now responded to the government’s […]

Two parliamentary panels headed by Congress leaders have decided to examine the WhatsApp snooping case and will seek details from top government officials including the Home Secretary. Facebook-owned WhatsApp on Thursday said Indian journalists and human rights activists were among those globally spied upon by unnamed entities using an Israeli spyware Pegasus. Describing the entire […]

Emkay Global Financial ServicesNSE -2.15 % has said in a recent report that Yes Bank’s asset- quality woes may continue. After Yes Bank reported a weak set of results last week, the report said that the company needed “regular capital dose to thrive.” Emkay said that Yes Bank’s fresh NPAs “were sky-high at Rs 59 […]

WASHINGTON: Investors can find no better place in the world than India that has a democracy loving and capitalist respecting environment, Union Finance Minister Nirmala Sitharaman has said. She also assured international investors at an interaction session at the IMF’s headquarters that the government was continuously working to bring reforms. “It (India) is one of […]

For bankers, bad loans due to an economic downturn is par for the course. Bigger worry is corporate fraud. With ‘extend and pretend’ coming to an end, banks are hesitant to report frauds. For a better system, banking industry needs to be prompt in reporting and action. At a recent bankers’ summit organised by a […]

MUMBAI: The Serious Fraud Investigation Office (SFIO) has asked India’s top law firms and consultants to disclose all information they have on IL&FS, the country’s largest shadow bank which collapsed a year ago. The central agency under the Ministry of Corporate Affairs (MCA) has sought information for the past 10 years when the firms had […]

The effects of slowdown in various pockets of the consumption economy which impacted credit growth in domestic banks is gradually waning as consumers are back to spending with the onset of festival season, said State Bank of IndiaNSE -1.16 % chairman Rajnish Kumar. “We have seen that traditionally in the festive period between September and […]