TRAI CONSULTATION SOON ON TRAFFIC MANAGEMENT PRACTICES FOR NET NEUTRALITY
Posted on 20th August 2018 |
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The telecom regulator will soon start consultation to recommend a framework for traffic management practices as well as structure and nuances of a multi-stakeholder body outlined in the net neutrality principles, according to a senior TRAI official. The discussion paper to tackle the twin aspects is likely to be brought out in about a month’s time, and the Telecom Regulatory Authority of India (TRAI) intends to follow the consultative process before finalising its views on the issue, the official said. |
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SEBI TO EXPAND CYBERSECURITY FOR MIIS
Posted on 20th August 2018 |
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Regulator Sebi is planning to broaden the scope of cybersecurity initiatives for the market infrastructure institutions (MIIs) and look into the operational modalities of their implementation in order to deal with the cyber challenges. Enhancement of cybersecurity has been one of the priorities of the Securities and Exchange Board of India (Sebi) during the financial year 2017-18. |
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DLF-GIC TO INVEST RS 1,250 CR FOR HOUSING
Posted on 20th August 2018 |
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Realty major DLF and Singapore’s sovereign wealth fund GIC will invest about Rs 1,250 crore over the next four years to construct a housing project in the national capital. In September 2015, the GIC had invested Rs 2,000 crore to buy 50 per cent stake in DLF’s two upcoming housing projects at Moti Nagar in central Delhi. |
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ONGC REPAYS A THIRD OF LOAN TAKEN TO BUY HPCL
Posted on 20th August 2018 |
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State-owned Oil and Natural Gas Corp (ONGC) will not sell its stake in IOC and GAIL in the near future as it has used internal resources to repay close to a third of the Rs 24,881 crore loan it had taken to buy Hindustan Petroleum Corp Ltd (HPCL), people with direct knowledge of the matter said. ONGC had in January received government approval to sell its 13.77 per cent stake in Indian Oil Corp (IOC) and 4.86 per cent state in gas utility GAIL India Ltd to help fund the Rs 36,915 crore acquisition of HPCL. |
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FROM NEXT YEAR, ATMS WON’T BE REPLENISHED AFTER 9 PM
Posted on 20th August 2018 |
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No ATM will be replenished with cash after 9 pm in cities and 6 pm in rural areas from next year even as two armed guards will accompany crisp notes in transit as per a new directive issued by the Home Ministry. The deadline for putting money in the ATMs located in Naxal-hit areas is 4 pm while private cash handling agencies must collect money from the banks in the first half of the day and transport notes only in armoured vehicles. |
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Sensex hits record high, Nifty breaches 11,500 mark
Posted on 20th August 2018 |
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Mumbai: Continuing its rally, the benchmark BSE Sensex rose over 250 points to hit a fresh record high in early trade, and NSE Nifty went past the 11,500-mark for the first time on MOnday on widespread gains in capital goods, metal, realty and banking scrips amid firm Asian cues. |
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DoT forcibly taking over BSNL buildings, land, say employees
Posted on 20th August 2018 |
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New Delhi: The Department of Telecom (DoT) is “forcibly” taking over the land and building assets of BSNL under a Presidential directive, employees union of the state-owned telco has alleged. Seeking the intervention of the Prime Minister’s Office, P Abhimanyu, general secretary of the BSNL employees union, said: “The DoT under a Presidential directive is taking away all the lands and buildings for housing its own offices. |
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Spares shortage rocks Air India
Posted on 20th August 2018 |
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New Delhi: Air India has slipped in its payments to key spare parts vendors, prompting many to stop supplies to the ailing airline. According to sources, the dues of suppliers such as Airbus, Honeywell, Meggit International, Goodrich, Hamilton, Wesco Electrical remain unpaid, some for more than three quarters, leading to the shortage of parts that has resulted in a large part of the fleet being grounded. |
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HDFC plans special situations fund to invest in stressed realty projects
Posted on 20th August 2018 |
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Bengaluru: Housing Development Finance Corp. Ltd (HDFC), India’s largest mortgage lender, is setting up a new venture to raise capital for a special situations fund that will invest in stressed projects in real estate. HDFC, which will be a sponsor to the fund, is in talks with investors to raise capital through the alternative investment fund (AIF) route. |
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HPCL arm Prize Petroleum takes a ₹ 24.41 crore hit
Posted on 20th August 2018 |
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Mumbai: Bad prospects have forced state-run Hindustan Petroleum Corp. Ltd (HPCL) to relinquish 19 of its 21 exploration and production blocks, ending its upstream ambitions. In its 2017-18 annual report, HPCL also said the net worth of its fully owned exploration and production subsidiary Prize Petroleum Co. Ltd has partially eroded. |
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