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Paper mills see red as Trai dubs phone bills as anti-green

Paper mills see red as Trai dubs phone bills as anti-green

Paper mills are irked at telecom service providers labelling paper as anti-green. In a communique to Trai (Telecom Regulatory Authority of India) this week, Ipma (Indian Paper Manufacturers Association) has expressed strong reservations against dubbing printed copy of telephone bill as a matter of “environmental concern.”

“Wood constitutes just 30% of the paper and the rest are agri-residue or old paper, often fully recycled.

9.73 lakh jobs created in September: EPFO

9.73 lakh jobs created in September: EPFO

Job creation more than doubled to 9.73 lakh in September, the highest monthly addition since September 2017, compared to 4.11 lakh in the same month last year, according to the EPFO payroll data released Tuesday.

Around 79.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed. This indicates that these many jobs were created in the last 13 months.

Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up

Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up

India’s natural gas production will rise by a third provided the output locked in a dozen fields of state-owned ONGC and OIL is opened up by giving remunerative market prices, people with knowledge of the matter said. India currently produces about 90 million standard cubic meters per day (mmscmd) of natural gas and has ambitious plans to double output by 2022 to reduce its reliance on imports and replace some of the polluting liquid fuels to cut emissions.

Maruti ramps up production of Vitara Brezza

Maruti ramps up production of Vitara Brezza

New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said it has ramped up the production of its compact SUV Vitara Brezza to reduce waiting period of the model.

The company has increased production of the vehicle by 10 per cent to 94,000 units during April-October period of the current fiscal as compared with same period of 2017-18.

Sensex drops over 100 points on global selloff, profit-booking

Sensex drops over 100 points on global selloff, profit-booking

Mumbai: The benchmark BSE Sensex fell over 100 points in early session on Tuesday, breaking its three-day winning run as metal, IT, realty and banking stocks retreated, tracking sell-off in the global market.

The 30-share index dropped 104.41 points, or 0.29 per cent, to 35,670.47 points in opening trade. The gauge had rallied about 633 points in the previous three sessions.

Air India eyes 6,100 crore from aircraft sale, leaseback

Air India eyes 6,100 crore from aircraft sale, leaseback

Mumbai: Cash-strapped Air India Ltd expects to raise as much as $850 million (about 6,100 crore) by selling and leasing back seven wide-body aircraft over the next 15 days. The list includes six Boeing 787 (Dreamliner) and one Boeing 777 aircraft, which were delivered to the airline between November 2016 and March 2018, according to a tender posted on 16 November on the airline’s website.

Wipro appoints ex-IBM Bill Stith as healthcare head

Wipro appoints ex-IBM Bill Stith as healthcare head

New Delhi: Wipro Ltd has appointed former International Business Machines Corp. (IBM) executive Bill Stith to revive the fortunes of the Bengaluru-based company’s healthcare and life sciences division. Stith, who headed IBM’s healthcare and life sciences business in the US, is the third top external hire by chief executive officer Abidali Neemuchwala. His hiring is also Wipro’s third top-level management change in 2018.

DoT, COAI plan easy approvals for telecom infrastructure

DoT, COAI plan easy approvals for telecom infrastructure

New Delhi: The Cellular Operators Association of India (COAI) will work with the Department of Telecommunications (DoT) to launch an online portal to monitor applications and approvals for setting up telecom infrastructure, and whether state-wise Right of Way (RoW) rules are being complied with. The portal will enable the government and telecom infrastructure providers to keep a tab on the process, right from the time an application is filed till the final approval.

ICICI Bank to raise 25,000 crore to fill void left by NBFCs

ICICI Bank to raise 25,000 crore to fill void left by NBFCs

Mumbai: ICICI Bank Ltd has drawn up a plan to raise as much as ₹25,000 crore for on-lending as India’s second largest private lender seeks to fill in the vacuum left by non-banking financial companies (NBFCs), which are facing a liquidity squeeze. ICICI Bank intends to issue non-convertible debentures (NCDs) and other fixed-income securities for raising funds in the year ahead, according to a document sent recently to shareholders after its annual general meeting.

You can escalate a mutual fund complaint to Sebi

You can escalate a mutual fund complaint to Sebi

As a mutual fund investor, it is good to know how to get your complaints addressed. There are two levels of redressal available: one with the mutual fund itself and at the next stage with market regulator Securities and Exchange Board of India (Sebi).

The first step would be to use the redressal mechanism of the concerned mutual fund for resolution. The easiest way to proceed is contact the mutual fund on the designated helpline. All communication from the mutual fund and its website have the contact details.

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