The Bharatiya Janata Party (BJP) victory in Gujarat was largely based on the support it received in the urban areas. In rural areas, however, the Congress generally held sway. As a result, the urban-rural divide, or what has been called the gulf between “India” and “Bharat”, was quite prominent in the state.

The Rewa Ultra Mega Solar (RUMS) park will save Rs 2,086 crore for Madhya Pradesh government's power utilities and Rs 1,220 crore for Delhi Metro over 25 years. The marque project of the state government in February 2017 threw up record low tariff of Rs 2.97 a unit (kilowatt/hour) during bidding.

The National Stock Exchange of India (NSE) hosted many of India's initial public offerings (IPO's) in what's been the best-ever year for new listings. Unfortunately for its shareholders, the NSE itself missed out on the party.

The operator of the country's dominant bourse shelved plans to list this year because of an investigation into whether the exchange gave high-frequency traders unfair access to its systems.

Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble.

It capped a brutal week that had been touted as a new era of mainstream trading for the volatile digital currency when bitcoin futures debuted on CME Group, the world’s largest derivatives market on Sunday.

The Reserve Bank of India has asked agency banks, banking entities engaged in government business, to promptly execute instructions from central and state governments.

They should not wait for RBI directives . “It has been brought to the government’s notice that some agency banks are not adhering to instructions/notifications issued by the government promptly.

The Delhi High Court has issued notices to the Union government, the GST Council and the Central Board of Excise and Customs (CBEC) over the issue of double taxation on imported goods sold from one Customs-bonded warehouse to another.

The matter would come up for hearing on March 8.

Abhishek Rastogi of Khatian & Co said the issue relates to a Customs circular that has raised fears of the government imposing integrated goods and services tax (GST) twice on these kinds of transaction.

The tussle between auto fuel dealers and the government over minimum wages for over one million petrol pump staff has intensified with the dealers getting stay orders from Ernakulam and Jammu high courts among others.

On August 4, the government made it mandatory for retail outlets to pay Central minimum wages to retail outlet attendants.

Telecom disrupter Reliance Jio updated its recharge plans once again with a Happy New Year plan that will give higher data benefits to users, it said.

“The MRP 199 plan provides free voice, unlimited data (1.2-GB high-speed 4G data a day), unlimited SMS and subscription to Premium Jio Apps for all Jio Prime Members for 28 days.

The first round of bidding under the central government's SHAKTI scheme for providing coal to private power units would see revival of 10,000 Mw of generation capacity, it is estimated.

Among the companies to benefit are Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy and GVK. These stressed assets had a locked investment of at least Rs 40,000 crore.

Tata Consultancy Services (TCS) has bagged a $2.25-billion deal from television ratings company Nielsen — the largest ever outsourcing deals for the Indian IT sector.

The deal marks the renewal of TCS’ engagement with Nielsen, which was first awarded $1.2 billion, a 10-year contract to the Mumbai-based company in 2008. In 2013, the deal size was expanded to $2.5 billion.

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