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Vodafone Idea leaps 19% on report the firm may part-pay AGR dues

Vodafone Idea leaps 19% on report the firm may part-pay AGR dues

Shares of Vodafone Idea surged 19 per cent to Rs 4.09 on the BSE on Monday as the loss-making firm said it would pay its dues linked to adjusted gross revenue (AGR) in the next few days after assessing the amount.

The Supreme Court had on Friday dismissed the petitions of Bharti Airtel and Vodafone Idea seeking a staggered option to pay their AGR-related dues. Following the SC ruling, Vodafone Idea's stock price had plummeted 19 per cent.

Mainak resigns as CARE Ratings chief after Sebi asks for his removal

Mainak resigns as CARE Ratings chief after Sebi asks for his removal

S B Mainak has resigned as chairman of CARE Ratings, the company said in a stock exchange notification after the market regulator reportedly asked for his removal.

The Securities and Exchange Board of India (Sebi) nudged the rating agency after a forensic report said Mainak had asked his staff to not change the ratings of Infrastructure Leasing and Financial Services (IL&FS), the bankrupt shadow banker, the Economic Times reported on Thursday.

Ahead of Trump's visit, US lawmakers seek assessment of religious freedom situation in Kashmir

Ahead of Trump's visit, US lawmakers seek assessment of religious freedom situation in Kashmir

As the US President Donald Trump is scheduled to visit India on February 24, four influential US Senators have called for an assessment of the situation of human rights and religious freedom in the country, saying that hundreds of Kashmiris remain in preventive detention.

In a letter to the Secretary of State Mike Pompeo dated February 12, the senators said that India has imposed the 'longest-ever internet shutdown by a democracy', disrupted access to medical care, business and education for seven million people.

Syed Ali Shah Geelani unwell, internet snapped in Kashmir over rumours

Syed Ali Shah Geelani unwell, internet snapped in Kashmir over rumours

Mobile internet services have been suspended in Kashmir to prevent rumours about the health of separatist leader Syed Ali Shah Geelani, officials said on Thursday.

The services were snapped late Wednesday night after some social media posts claimed the health of the 90-year-old Geelani deteriorated, they said.

SC directs political parties to upload details of pending criminal cases against candidates on website

SC directs political parties to upload details of pending criminal cases against candidates on website

Noting that there has been an alarming increase in criminalisation of politics, the Supreme Court on Thursday directed all politicial parties to upload details of pending criminal cases against the candidates on their websites.

The top court also ordered political parties to upload reasons for choosing candidates with pending criminal cases on their website.

Coronavirus scare forces cancellation of Mobile World Congress in Spain

Coronavirus scare forces cancellation of Mobile World Congress in Spain

Organizers of the world's biggest mobile technology fair are pulling the plug over worries about the viral outbreak from China.

GSMA said Wednesday that this year's edition of Mobile World Congress will no longer be held as planned in Barcelona, Spain, on Feb 24-27.

CARE Ratings drops 8% as Chairman Mainak steps down after forensic probe

CARE Ratings drops 8% as Chairman Mainak steps down after forensic probe

CARE Ratings slipped nearly 8 per cent on Thursday, after reports suggested that S B Mainak, chairman, CARE Ratings has tendered his resignation.

Market regulator Securities and Exchange Board of India (Sebi) is said to have nudged the rating agency to remove Mainak after adverse findings against him in a forensic report.

West Bengal CM Mamata Banerjee to attend Kejriwal's swearing-in ceremony

West Bengal CM Mamata Banerjee to attend Kejriwal's swearing-in ceremony

Mamata Banerjee, chief minister of West Bengal, will be among the guests at Arvind Kejriwal's swearing-in ceremony that is scheduled for February 16 in Delhi's Ramlila Maidan.

She will leave for the national capital on February 15 at 5:30 PM and will be back in Kolkata after the ceremony on the next day.

Microsoft boss Satya Nadella to visit India later this month: Report

Microsoft boss Satya Nadella to visit India later this month: Report

Microsoft Corp Chief Executive Officer Satya Nadella is planning to visit India later this month, multiple sources familiar with the plans told Reuters, a test for the Indian-born head who recently criticized Indian immigration policy.

India is a major market for Microsoft and other technology companies. India's southern city of Hyderabad, where Nadella grew up, is home to Microsoft's biggest research and development center outside of the United States.

YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point

YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point

YES Bank gained over 5 per cent to Rs 37.20 on the BSE on Thursday after the bank said it is in talks with potential investors, including J.C. Flowers and Silver Point Capital, for raising equity capital.

In a filing to the BSE, the lender said it had received non-binding expressions of interest (EoIs) from several investors including J.C. Flowers & Co, Tilden Park Capital Management, OHA (UK) LLP (part of Oak Hill Advisors), and Silver Point Capital.

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