Page 237 - Latest News
'Disconnected over 15 lakh mobile numbers issued on fraudulent credentials'
The Department of Telecommunications has disconnected over 15 lakh mobile number that were issued using fraudulent credentials, Parliament was informed on Wednesday
 "'Disconnected over 15 lakh mobile numbers issued on fraudulent credentials'")
ZEEL, IndusInd Bank settle dispute paving way for Sony-Zee merger
On February 22, the Mumbai bench of the NCLT had admitted the bank's insolvency plea against ZEEL
 "ZEEL, IndusInd Bank settle dispute paving way for Sony-Zee merger")
Govt eyes IDBI financial bids by June, stake sale completion in FY24 itself
Govt has made several provisions and brought regulatory clarity to make deal attractive for bidders. These include allowing a consortium of foreign entities to own over 51% in the Bank
 "Govt eyes IDBI financial bids by June, stake sale completion in FY24 itself")
GoMechanic Business acquired by a consortium led by Lifelong Group
According to sources, there is no clarity on what happens to the founders
 "GoMechanic Business acquired by a consortium led by Lifelong Group")
HP govt to reconsider opening summer-closing schools: Education Minister
The Himachal Pradesh government would consider opening summer-closing schools that were closed due to low enrolment, Education Minister Rohit Thakur told Vidhan Sabha on Wednesday
 "HP govt to reconsider opening summer-closing schools: Education Minister")
Centre expected to issue Rs 23,764-crore sovereign green bonds in FY24
The Ministry of New and Renewable Energy will get Rs 7,507.5 crore for its various schemes
 "Centre expected to issue Rs 23,764-crore sovereign green bonds in FY24")
CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'
The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24
 "CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'")
SC permits Centre to issue directions on fumigation of aircraft in country
The Supreme Court permitted the Centre to issues directions on fumigation of aircraft in pursuance of the recommendations of a high-powered panel on the issue and keeping in mind the health and safety
 "SC permits Centre to issue directions on fumigation of aircraft in country")
Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year
Capacity of EV unit in Karnataka to be ramped up to produce 1 mn units by 2030
 "Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year")
Gold spot of bother: Little sparkle for financiers despite tailwinds
Increased competition, lower spreads, moderate growth are among hurdles to overcome
 "Gold spot of bother: Little sparkle for financiers despite tailwinds")
Punjab National Bank to raise $1.5 bn through bonds in one or two tranches
Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees ($1.46 billion) in one or two tranches, through the issue of bonds
 "Punjab National Bank to raise $1.5 bn through bonds in one or two tranches")
Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%
CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners
 "Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%")
Govt to develop eastern grid with 5,000 km waterway to boost trade
Govt is planning to develop an eastern grid with 5,000 km of navigable waterway to boost regional integration and trade with South Asia and Eastern South Asia, Union minister Sarbananda Sonowal said
 "Govt to develop eastern grid with 5,000 km waterway to boost trade")
Strong demand to boost profits of travel operators by 6-7% in FY23,: Report
Leading travel and tour operators are expected to witness 6-7% growth in operating profit and recover 90% revenue in this financial year, mainly driven by efficient cost structure, a report said
 "Strong demand to boost profits of travel operators by 6-7% in FY23,: Report")
Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others
Sebi imposed penalties totalling Rs 35.67 crore on PNB Finance and Industries Ltd, Camac Commercial Company Ltd and various other entities, including promoters Samir Jain and Meera Jain
 "Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others")
The next day: Adani Group stocks rise after group denies news reports
As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore
 "The next day: Adani Group stocks rise after group denies news reports")
5% rise in minority population shows protection level for them: NCM chief
India has witnessed a five per cent increase in minority population since independence which shows the level of protection, the country has provided to such communities, Iqbal Singh Lalpura said
 "5% rise in minority population shows protection level for them: NCM chief")
Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings
Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.
PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt
The cumulative investments under the scheme have increased to Rs 5,124 crore as of December 2022 from the earlier FY2022-23 target of Rs 3,726 crore
 "PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt")
NGOs of Delhi, K'taka, received major chunks of foreign contributions: Govt
Among these, Delhi has received Rs 14,062.77 crore in the said three financial years
 "NGOs of Delhi, K'taka, received major chunks of foreign contributions: Govt")