As per the tender, a bidder should have a minimum turnover of Rs 8,000 crore each in the last two years (2017-18 and 2018-19 in case of financial year and 2017 and 2018 in case of calendar year.

The Cellular Operators Association of India had said that the operators had incurred a cost of Rs 600 crore by such extension.

E-commerce firms have been urging the government to allow sale of non-essentials like smartphones, electronic and stationary items on the premise that access to the items have become necessary as Corporate India shifted to work from home while students moved to online classes.

The official also said as the social distancing norms will remain in effect in near future, it has to start conducting its discussions and other work online.

BSE Sensex slipped by 214 points to end at 27,011.31, while NSE Nifty ended below the 8,200-mark.

BSE Sensex tanked 723 pts, its second biggest single day fall since Narendra Modi govt took over; Salman Khan, GST, others field the blame.

Women entrepreneurs will soon be able to market their products globally using an accessible online platform to be created by the Women and Child Development Ministry in collaboration with ebay.

We don't really drive our strategy based on what's happening around. Our approach is to give maximum return on investments to our sellers

The offer at `275 per share is 17.6% less than its closing price of `334 on Monday.

The Reserve Bank of India's proposal to introduce a new liquidity tool to help manage a banking system flooded with surplus cash is facing opposition from the government.

The initial public offering (IPO) of Eris Lifesciences was subscribed 0.75 times on Monday with investors bidding for 1.20 crore shares of the 1.59 crore shares on offer. The qualified institutional buyers bid 70.23 lakh shares against the 86.17 lakh shares reserved for them.

The bench said SBI’s petition had not been drafted properly and suggested a “lack of seriousness” on the part of the petitioner.

Kotak Mahindra Bank on Thursday reported a surge in its first quarter net profit while maintaining the asset quality.

The new dealerships will be known as ARENA and will be well equipped digitally to cater to the demand of the tech savvy customers.

Credit Suisse Asset Management's NEXT Investors has invested an undisclosed amount in Indian software product company Sapience Analytics.

Kuldeep Yadav performed brilliantly in the first T20 against the Windies to ensure India registered a comfortable win over the visitors.

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

Opec, Russia and other non-Opec producers — an alliance known as Opec+ —agreed to reduce supply by 1.2 million bpd from January 1.

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.

The production is based on orders received from the customers and hence management is confident that sales despatches would pick up over the next 2-3 quarters, driving an uptick in sales and normalised inventories.

NII is the difference between interest earned and interest paid by a bank. The lender’s asset quality improved q-o-q with gross non-performing assets (NPA) of 17.36%, down 10 basis points over Q2FY19.

At the end of December 2018, Suuti held a 9.56% stake in Axis Bank. The OFS is part of the government’s move to meet its disinvestment target of Rs 80,000 crore for FY19.

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

The investors sentiment was also dented by the weak results reported by some of the heavyweights; the Street chose to stay cautious ahead of results from other blue chips given the trend so far has been somewhat mixed.

The total corporate bond issuance in FY19 was Rs 6.1 lakh crore, just slightly higher than `6 lakh crore mopped up in FY18.

In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation through differential technologies, SME’s role, demand assessments, competitiveness, pricing and export strategies.

‘Share of experience’ is the new norm, and one needs to consistently make efforts towards it to survive in the modern age

Tom Libretto of Pega discusses the rapid evolution from traditional CRM to a real-time customer-centric marketing and sales environment

In the rapidly-growing video marketing space, it's essential to stay ahead of emerging trends

No potato needed

Global and multilateral institutions and national governments need to come together to make sure that the loss of income is offset through cash-and-kind support.

The worst fate that can befall a person is being locked down, alone or with his family, with no money and no food.

The impression was reinforced when Rajnath Singh, and not Shah, was appointed last month to head the 15- member high-power ministerial committee coordinating with states on ensuring movement of essential supplies during the lockdown.

When the game returns, the struggling cricket boards will be dependent on three superpowers—India, England, Australia—for bailouts

Idealist notions of the State overtaking the Market as the one in charge are unfounded.

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.

Not only has the registration of migrant workers by states been unsatisfactory, but state welfare boards’ capacities to offer assistance also varies, hampering daily wage labourers’ access to social and food security during the crisis

Can’t blame Corona for crisis, investment choice was poor

The lockdown has achieved its purpose. Extending it may not be worth the cost.

Amended FDI regulation is problematic under the WTO law. India should adopt a more facially neutral regulation

In the long term, the govt will have to deepen its procurement operations, expanding from the wheat-paddy complex.

A good ventilator must be a high-precision product, a combination of top-class engineering efforts, optimum manufacturing capability, and robust financial backing.

This trend continues even for local governments, which come to rely more on state transfers to run the administration.

Covid-19 could benefit the dairy industry as consumers could shift from meat-based to dairy-based protein. The govt may consider reducing GST on ghee and milk fat from 12% to 5% .

Just seven of India’s 993 Universities have online-education licenses; Meanwhile, as the Lockdown shows, Foreign varsities make hay of the Indian demand for online courses.

It is not just the lungs, it affects the heart, kidneys, brain... this is making treatment—and a lasting cure—difficult.

However, the High Court rejected this invocation of Rule 165, ruling that the it specified only the payability conditions of fees, and not the chargeability of it.