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A recent report by the Telecom Regulatory Authority of India (TRAI) has noted that the gross revenue of telecom services providers fell 8.1 per cent while the licence fee collected by the government dropped by 16 per cent year-on-year in the quarter ended December 31, 2017.

DoT awaits legal opinion on creation of ombudsman under Trai

The Trai Act may be modified to create an ombudsman with power to penalise operators or compensate consumers.

2 Oct 2018 8:07 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

GST collections likely to top Rs 1 lakh crore in November, December

The GST collection should cross Rs 1 lakh crore because of festive season demand.

2 Oct 2018 6:07 PM IST

A source said that all airlines were intimated on the development a long time back and no flights will be scheduled during the affected time period. (Photo: ANI)

Airfares to shoot up this festive season on surging jet fuel prices

The government, last week, hiked import duty on aviation turbine fuel to 5 per cent.

2 Oct 2018 2:15 PM IST

The Warehouse has since then backed down on the notice with a spokesperson coming forward to say that the particular incident could have been handled better. (Photo: Pixabay)

Warehousing stock to reach 297 million sq ft by 2021: report

Smaller and fragmented warehouses are getting consolidated into centralised warehousing hubs.

2 Oct 2018 1:07 PM IST

Prominent Indian-American economist Gita Gopinath.

Gita Gopinath new IMF chief economist

Gopinath is co-editor of current Handbook of International Economics with former IMF economic counsellor Kenneth Rogoff.

2 Oct 2018 8:32 AM IST

The shares of IL&FS Engineering soared 20 per cent while that of IL&FS Transportation and IL&FS Investment Managers surged 19.50 per cent and 10 per cent respectively.

Move gets thumbs up

Markets reacted positively to government's swift action, according to analysts.

2 Oct 2018 1:55 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Fearing gloom, govt takes over debt-hit IL&FS

This is the third time in less than 10 years that the government has been forced to step in and supersede the board of a...

2 Oct 2018 1:37 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST mop up rises to Rs 94,442 crore

The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July and Rs 93,960 crore in...

2 Oct 2018 12:29 AM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

CNG, LPG price hike assault on budget of common man: Congress

Khera alleged the BJP was "pickpocketing" savings from the tax levied on fuel and gave the party a new full form "Bahut...

1 Oct 2018 7:26 PM IST

Aadhaar is a 12-digit biometric based identification. (Photo:Representational/AFP)

UIDAI asks telcos to submit plan to discontinue Aadhaar-based eKYC

Private companies like telecom operators will not be able to use this instantaneous and inexpensive Aadhaar eKYC route.

1 Oct 2018 2:52 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing: Pradhan

Pradhan announced that state-owned fuel marketing companies will purchase all the bio-gas from these plants.

1 Oct 2018 2:30 PM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Stable currency needed to boost India's international trade: CII

The central bank has been taking various measures to shore up the rupee.

1 Oct 2018 2:12 PM IST