On September 19, 2023, the Telecom Regulatory Authority of India (TRAI) issued recommendations for the “Rationalization of Entry Fee and Bank Guarantees” in the telecom sector. This initiative came in response to a reference made by the Department of Telecommunication (DoT) on March 3, 2022, seeking the rationalization of entry fees and bank guarantees associated …
An Overview The Central Bank stated that it has retained the Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited Advisory Committees (SEFL). The RBI created a three-member Advisory Committee on October 4 to help Rajneesh Sharma, Administrator of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), in carrying out his …
An important announcement in Budget 2021 was that the government would divest its stake in two public sector banks (PSBs) and a general insurance company. The Finance Minister also announced that the divestment of IDBI Bank would be completed in the coming fiscal. The disinvestment target for FY 2021-22 has been pegged at Rs 1.75 …
Infrastructure is one of the important sectors for Indian GDP growth. Especially with a gearing effect of 10x on the creation of opportunities in the sector. However the infrastructure sector has been under performing over a decade, everyone would like to know what the factors behind under performance are? It is stated that, “If you want to …
The shares of Medplus Health Services made their debut today on both the stock exchanges, BSE and NSE. On the National Stock Exchange, they listed at Rs. 1040 and started trading higher since the first trade. It gave a similar performance in early trading hours on the Bombay Stock Exchange as well after listing at …
Stock Market Holidays The Indian stock exchanges have announced a list of stock market holidays for 2022. According to the Bombay Stock Exchange website, there will be 13 trade holidays in 2022, unlike in 2021, when there were 14 trading holidays. The Bombay Stock Exchange, or BSE Limited, is an Indian stock exchange on Dalal …
When we hear the word ‘inflation,’ it often stirs up a lot of discussion and attention. Let’s break it down in simple terms: Inflation: Inflation is the rate at which the prices of goods and services increase over time. When inflation is high, the purchasing power of money decreases, meaning that people can buy fewer …
India-based Adani Group is in talks with global banks to refinance a $3.5 billion loan. If it finalises, it will become Asia’s one of the most significant syndicated loans in a year. Adani Group, led by billionaire Goutam Adani, is looking at refinancing options for a debt taken by the group to purchase Ambuja Cement. …
The Ministry of Defence has ascended to the forefront among the 56 Ministries and Departments engaged with the Government eMarketplace (GeM). It has achieved this distinction by leading in both order value and order quantity. This achievement underscores the Ministry’s pivotal role in propelling the Gross Merchandise Value (GMV) of GeM to an impressive Rs …
The Union Cabinet has approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) for release of 75 lakh LPG connections over three years from Financial Year 2023-24 to 2025-26. This will take the total number of PMUY beneficiaries to 10.35 crore. The PMUY scheme was launched in 2016 to provide free LPG connections to poor …
