The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.

The department for promotion of industry and internal trade has asked the telecom department and State-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies. The tender was floated by BSNL in March under the new management for setting up the 4G network.

The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.

'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.

Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.

That would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy.

Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.

Inventory losses would be more for refineries located away from the coast because they have to stock crude oil for longer periods.Besides inventory losses, operating performance of refiners is expected to remain weak in the first quarter of fiscal 2021 due to lower volumes and weak GRMs

Paytm and Vodafone Idea partner to power prepaid mobile phone recharges.COAI asks states to issue requisite instructions to enable 'mobile recharging retailers' to open their outlets for offering telecom services to the public

The telecom operator had excess input tax credits but could not use them to adjust its final tax liability.The HC allows Bharti Airtel to rectify its returns for the September quarter of 2017

Khan, 67, agreed for the test after Faisal Edhi, the son of late philanthropist Abdul Sattar Edhi and chairman of the Edhi Foundation, who met him last week tested positive for the coronavirus.

Chef Siddharth Jokhani tells you how to cook a healthy omelette in the microwave.

Munch seeds like flax seeds, sunflower seeds, chia seeds, pumpkin seeds, etc. Include fruits and berries. They are delicious and healthy.

'More than 114 cases have been registered for spreading fake messages, rumours and fake news on WhatsApp.'

'The government will have to provide something for migrant workers or 'Farmers will still survive because they will eat what they produce.'