Net addition to the subscriber base surged from 61.12 lakh added in FY19 to 78.58 lakh in FY20, a 28 per cent growth
Monthly Archives: June 2020
Tensions with China may impact India’s medium term outlook: Fitch Ratings
The recent tensions between New Delhi and Beijing arising out of the border issue may not have immediate effect on India’s credit profile, but it could distract the government from executing the announced policy reforms and impact medium-term outlook, says Fitch Ratings
CBI launches probe into alleged Rs 5 crore fraud in Karnataka State Handicraft Development Corporation
The CBI has registered the FIR on a complaint from the chief manager of SBI alleging that an assistant manager had opened a current account number — 7828879815 — of KSHDC, on its application, at Hesarghatta Road Branch
RIL to hold 43rd Annual General Meeting on July 15
RIL also has fixed July 3 as the “Record Date” for determining the members eligible to receive dividend for FY20
Tata Motors sees 17% jump in gross debt despite Rs 6,500 crore equity infusion by Tata Sons
The consolidated net debt of the automotive business went up to Rs 48,282 crore compared to Rs 28,391 crore. It went up to Rs 50,065 crore in September 2019 before the slight decrease
Niti Aayog member wants govt to stop importing raw materials for bullet-proof vests from China
This assumes significance as the clamour for boycott of Chinese goods has been growing louder ever since the violent clash broke out between the Indian and Chinese armies in the Galwan Valley last week
‘Be unified and helpful’: Ratan Tata calls to stop online hate, bullying
“I believe this year specially calls for all of us to be unified and helpful and is not the time to pull each other down,” Tata said
PNB plans to hit capital markets in fourth quarter to raise funds
The public sector lender plans to raise funds to meet its growth and regulatory requirements, PNB Managing Director S S Mallikarjuna Rao said
Coronavirus drug update: Cipla, Hetero to launch Remdesivir at Rs 3,000-6,000
Cipla plans to launch the drug in a couple of days, while Hetero’s drug is expected to hit the market in a week
Coronavirus crisis: Tata Motors, JSW Steel & Hindalco put off capex amid uncertainty in economic recovery
Tata Motors’ auto division in India has reportedly dropped its capital expenditure by almost 56 percent to Rs 1,500 crore for the current year