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During the hearing of the petitions, the TRAI had submitted that the rate cut would ultimately benefit the internet users.

Business

DoT commission seeks impact of SC, CCI order in Rs 3,050 cr penalty on...

The commission deferred a decision on the penalty till its next meeting.

22 Feb 2019 10:46 AM IST

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Business

BSE stock options: Sebi fines 2 firms Rs 13 lakh for fraudulent trade

The two entities are Bhiragacha Finance Company and Blue Bird Mercantiles Pvt Ltd.

22 Feb 2019 10:36 AM IST

President Ramnath Kovind receives a gift from Bhutans prince Jigme Namgyel and Bhutans King Jigme Khesar Namgyel Wangchuck as Queen Jetsun Pema and Indian First Lady Savita Kovind ) look on at Rashtrapati Bhavan in New Delhi. (Photo: AFP)

Business

Prez promulgates Unregulated Deposit Scheme Ordinance

The Ordinance will help put a check on illicit deposit taking activities like Saradha scam and Rose Valley chit fund...

22 Feb 2019 10:34 AM IST

Prime Minister Modi was in Maharashtra to launch various development projects. (Photo:ANI)

Business

Govt re-promulgates ordinance for companies law amendments

On Tuesday, the Cabinet cleared the proposal to promulgate the Companies (Second Amendment) Ordinance, 2019.

22 Feb 2019 10:32 AM IST

Business

Jindal Steel, IIT-Roorkee ink pact to impart to students knowledge on...

The move is part of a pact signed on Thursday between Jindal Stainless and IIT-Roorkee to create awareness about...

22 Feb 2019 10:30 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Business

Sebi fines Rs 6 lakh on Taneja Aerospace, 2 others for disclosure...

The two officials are Salil Taneja and B R Taneja who were the company's chairman and non-executive director.

22 Feb 2019 10:25 AM IST

Minister of commerce & industry and civil aviation Suresh Prabhu interacts with mediapersons at state BJP office in Kolkata. (Photo: PTI)

Business

We should all work concertedly towards early conclusion of talks:...

The Regional Comprehensive Economic Partnership (RCEP) is a mega trade agreement being negotiated by 10 ASEAN countries.

22 Feb 2019 10:24 AM IST

The CBT, headed by labour minister, is the apex decision-making body of the EPFO which finalises rate of interest on PF deposits for a financial year.

Business

EPF interest hiked to 8.65 per cent ahead of polls

All members of the CBT at the meet agreed to give a higher interest for subscribers for the current fiscal.

22 Feb 2019 5:53 AM IST

$hai\. The issue has got more complicated with a former French president weighing in about who chose Reliance Defence as partner.$ Business

Sky's not the limit for India in defence, aerospace tech

India's aerospace & defence market could reach $23 billion by 2024.

22 Feb 2019 1:48 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

Business

Insurers asked to focus on governance

The high-level meeting was the first of its kind.

22 Feb 2019 1:48 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.

Business

Banks unwilling to reduce loan rate despite RBI's call

The RBI cut the repo rate by 25 basis points to 6.25 per cent in its monetary policy review earlier this month.

22 Feb 2019 1:48 AM IST

EPFO has already joined the vast network of over 2 lakh common services centres (CSC) of the IT department to widen its reach.

Business

EPFO finalises 8.65 per cent interest for 2018-19: Gangwar

The interest rate is credited into the subscribers account after the Finance Ministry's approval.

21 Feb 2019 5:05 PM IST