Shapoorji Pallonji bids lowest for Rajpath redevelopment
Thu, Jan 7, 2021 8:10 AM

Shapoorji Pallonji bids lowest for Rajpath redevelopment

Shapoorji Pallonji and Company emerged as the lowest bidder for the Rajpath redevelopment project quoting Rs 477.08 crore, which is 4.99% less than the estimated cost. Tata Projects quoted the second-lowest bid amount of Rs 488.78 crore for the Central Vista Avenue/Rajpath redevelopment project being executed under the government’s Rs 13,500 crore Central Vista revamp project.

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Sebi proposes easing of norms to set up more bourses
Thu, Jan 7, 2021 7:51 AM

Sebi proposes easing of norms to set up more bourses

The SEBI on Wednesday proposed a liberalised ownership framework to allow new entrants to set up stock exchanges and depositories. It will allow higher shareholding at inception stage with dilution over a period of time. The regulator said a resident promoter setting up the MII may hold up to 100 per cent shareholding which should be brought down to not more than 51% to 26% in 10 years.

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Mobile subscriber base to recover: Telecom analysts
Thu, Jan 7, 2021 7:30 AM

Mobile subscriber base to recover: Telecom analysts

Telecom analysts are of the opinion that India's wireless (mobile) subscribers count is back to recovery. India's mobile subscriber base shrank by nearly 2 crore between March'20 and June'20.  As per the Telecom Regulatory Authority's (TRAI's) subscription report for the month of June, India's mobile subscriber count stood at 114 crore during the peak of the Covid-19 pandemic in the country.

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CIL’s e-auction booking to be all-time high at 120 MT this fiscal
Thu, Jan 7, 2021 7:15 AM

CIL’s e-auction booking to be all-time high at 120 MT this fiscal

Mining behemoth Coal India (CIL) may close the current fiscal, booking 120 million tonne (MT) ) coal for e-auction, the highest ever since coal sales began through the auction route. This is near double the bookings of 66 MT made for e-auction last fiscal, surpassing the company’s earlier estimates of e-auction booking for the ongoing fiscal.

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Government to hold spectrum auction on March 1
Thu, Jan 7, 2021 6:25 AM

Government to hold spectrum auction on March 1

The government will commence bidding for the next round of spectrum auction from March 1, for which airwaves worth Rs 3.92 lakh crore is put on the block. Trai had reduced the reserve price by 43% compared to 2016 auctions operators would have to shell out Rs 32,840 crore. The government had mopped a total amount of Rs 65,789 crore from the country's six operators who participated in the bidding.

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Over 5.08 crore ITRs for 2019-20 filed till January 5
Wed, Jan 6, 2021 10:37 PM

Over 5.08 crore ITRs for 2019-20 filed till January 5

More than 5.08 crore income tax returns (ITRs) for fiscal 2019-20 have been filed till January 5, the Income Tax Department said on Wednesday. The government has extended the ITR filing deadline for individuals till January 10, and for companies till February 15. "More than 5.08 crore Income Tax Returns for AY 2020-21 have already been filed till 05th of January, 2021," the Income Tax Dept said.

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Reliance Industries - Promoter Shareholding Pattern
Wed, Jan 6, 2021 10:00 PM

Reliance Industries - Promoter Shareholding Pattern

Did you know that the promoter shareholding for Reliance Industries has increased by 3.22% in last 2 years (Sep 2020 vs Sep 2018)? As on Sep 2020, promoters of Reliance Industries hold 50.49% stake of the company. Increasing promoter holding is considered good as it reflects positive outlook of the management about the future of the company. Found this information helpful?

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TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore
Wed, Jan 6, 2021 9:35 PM

TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore

Tata Sons tendered shares worth Rs 9,997 crore of Tata Consultancy Services (TCS) during the IT major's Rs 16,000 crore-buyback offer that concluded recently. The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer, according to a regulatory filing. TCS said over 5.33 crore equity shares were bought back under the offer at a price of Rs 3,000 apiece.

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CN Infrabuild sells shares worth over Rs 276 crore in PNC Infratech
Wed, Jan 6, 2021 9:33 PM

CN Infrabuild sells shares worth over Rs 276 crore in PNC Infratech

CN Infrabuild Pvt Ltd on Wednesday sold shares of PNC Infratech worth over Rs 276 crore through an open market transaction. On the BSE, the entity sold 1.57 crore shares of PNC Infratech at an average price of Rs 175 apiece. The total deal value stood at Rs 276.39 crore. The scrips were bought by several entities at same price through separate transactions.

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SIAC Sets Panel For Final Verdict On Amazon-Future Group Case
Wed, Jan 6, 2021 8:31 PM

SIAC Sets Panel For Final Verdict On Amazon-Future Group Case

In an ongoing legal tussle between ecommerce giant Amazon and Kishore Biyani-led Future Group over Reliance Industries Ltd (RIL) investments in Future Group, the mediation entity, Singapore International Arbitration Centre (SIAC) recently revealed that it is at the final stage of the proceedings.  On Tuesday (January 5), the SIAC has formed its panel to pass the final verdict on the case.

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Woman held for using Ratan Tata’s car number
Wed, Jan 6, 2021 8:07 PM

Woman held for using Ratan Tata’s car number

Mumbai Police have registered a case against a woman for using the number on Tata Sons chairman emeritus Ratan Tata's vehicle on her own BMW car. The police registered a cheating case against the woman, whose identity was not disclosed, for using Tata’s car number. Ratan Tata had earlier received an e-challan for violating traffic rules in an area he had never visited.

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BSNL extends availability of promo ‘affordable’ Bharat Fiber broadband plan
Wed, Jan 6, 2021 7:40 PM

BSNL extends availability of promo ‘affordable’ Bharat Fiber broadband plan

Bharat Sanchar Nigam Limited has extended the availability of its flagship Bharat Fiber Plans by another 3 months. The availability of the Rs 449, Rs 799, Rs 999, and Rs 1499 plans were coming to an end on January 4 this year but can now be subscribed by new users for another 90 days. The decision was taken by the government-run telecom provider in view of the positive response of customers.

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Let's start a movement! Together!
Wed, Jan 6, 2021 7:30 PM

Let's start a movement! Together!

While investing in stock markets has become more popular in recent times, overall penetration remains low — only 2.78 crore Indians invest in the stock markets, which is around 2% of the country's population. In comparison, over 50% of Americans own stocks. Lack of knowledge, information and trust are the primary reasons why Indians do not invest in share market. Let's change this together!

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'Don’t know who’s buying Bitcoin, looks to me like a bubble': Jim Rogers
Wed, Jan 6, 2021 7:30 PM

'Don’t know who’s buying Bitcoin, looks to me like a bubble': Jim Rogers

The ongoing bitcoin rally has turned many critics into believers. But American investor Jim Rogers remains unfazed. ‘I have never bought any cryptocurrency. I wish I had bought a Bitcoin. Obviously, I wish I had. But many cryptocurrencies have disappeared and gone to zero’, said the author of Street Smarts – Adventures on the Road and in the Markets, to ET NOW. He still believes it is a bubble!

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Lulu Group to invest Rs 200 cr for agriculture and IT set-up in Noida
Wed, Jan 6, 2021 7:20 PM

Lulu Group to invest Rs 200 cr for agriculture and IT set-up in Noida

The Abu Dhabi-based Lulu Group has announced its expansion plans in Uttar Pradesh, involving Rs 200 crore more investment at Greater Noida The new investments will promote the agriculture and IT development in the state. The UP government has allotted 20 acres of land in Greater Noida, where a modern agri-produce sourcing, processing and packaging and logistics centre will come up.

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