Editor's Desk

TRAI to come up with promoters lock-in period this month

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Apex body Telecom Regulatory Authority of India (TRAI) will submit its recommendation on lock-in period requirements of promoter’s equity for Unified Access Service (UAS) licensees this month to the Department of Telecommunication (DoT). The body has completed the consultation process and will submit its recommendations in the next two to three weeks. DoT has a … Read more TRAI to come up with promoters lock-in period this month

Govt to frame anti-consumer vehicle repossession guidelines

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The government is contemplating to frame new guidelines for repossession of vehicles by banks and financial institutions in case of delinquencies by borrowers. In recent times, the interlinking conflict between the auto industry and the banking industry has emerged as the banks have become reluctant and tightened their procedures for vehicle financing impacting impacted auto … Read more Govt to frame anti-consumer vehicle repossession guidelines

Essar Steel 6 mtpa mega steel plant in Bagalkot Karnataka

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Essar Steel has decided to make an investment of Rs 17,760 crore to set up a 6 mtpa mega steel plant at Bagalkot in Karnataka. The state government has granted its approval in this regard. Essar Steel has asked the Karnataka government to lease an iron ore mine for continuous supply of the raw material. … Read more Essar Steel 6 mtpa mega steel plant in Bagalkot Karnataka

Shopper’s Stop signs MoU with ABCTCL to set up CCD cafes

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Shopper’s Stop has signed a Memorandum of Understanding (MoU) with coffee major Amalgamated Bean Coffee Trading Company (ABCTCL) for setting up Cafe Coffee Day (CCD) cafes at Shoppers Stop stores. The duo intends to set up 19 such stores initially. Customers might get an opportunity to have a sip of coffee at CCD in Shoppers … Read more Shopper’s Stop signs MoU with ABCTCL to set up CCD cafes