‘Key entities failed to fulfil regulations leading to disruption’ Following disruptions in SMS and OTP deliveries for banking, payments and other transactions, the Telecom Regulatory Authority of India (TRAI) on Tuesday temporarily suspended the implementation of norms for commercial text messages, which came into effect on Monday, for seven days. […]
DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The company will use existing cash balances for the acquisition. The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and […]
The demand note follows auctions raking-in winning bids of over ₹77,800 crore, for 855.6 MHz of spectrum The Department of Telecommunications (DoT) will issue demand notes to telcos next week on an upfront payment for spectrum acquired in the just-concluded auctions, sources said. The demand note follows auctions raking-in winning […]
Texas a ‘gross failure on the part of our regulatory regime’: Former Shell Oil president Former Shell Oil President John Hofmeister discusses the system failure in Texas and ways it could be improved on the heels of the historic winter storm. The Electric Reliability Council of Texas made a massive […]
State Bank of India said the home loan interest rates will start from 6.7% for loans up to ₹75 lakh and 6.75% for loans in the range of ₹75 lakh-₹5 crore The country’s largest lender State Bank of India (SBI) on March 1 said it has reduced interest rates on […]
The Insurance Regulatory and Development Authority of India (Irdai) said the insurance market has a wide variety of personal accident insurance products. Insurance regulator Irdai has asked general and health insurance providers to provide standard personal accident cover products to their customers. The Insurance Regulatory and Development Authority of India […]
The scrip hit its upper trading limit on the NSE as well with a gain of 4.98% to ₹114.95 Shares of grounded airline Jet Airways surged nearly 5% on February 22 after Murari Lal Jalan of Jalan-Kalrock consortium said that they expect to restart operations of the defunct airline in […]
Most individuals fail to monitor the health of their personal finances “All eyes are on the AGM of ABC Ltd.,” an anchor announces on television. Soon, scores of individuals start watching TV and end up discussing the quarterly and annual results of various corporates. I am not sure how many […]
Ireland-based biopharmaceutical company Jazz Pharmaceuticals plc (JAZZ) has agreed to acquire UK-based GW Pharmaceuticals plc (GWPH,GWP.L) for a total consideration of $7.2 billion, or $6.7 billion net of GW cash, the two companies said Wednesday. Jazz Pharma noted that the acquisition of GW Pharma will expand its growing neuroscience business […]
‘Need earmarked resources, certainty over a period for a sustained infra programme, agri cess will help raise sector’s productivity, says Pandey A day after the Union Budget 2021-22 was presented, Finance Secretary Ajay Bhushan Pandey spoke on the rationale behind some of the policy proposals. Excerpts: Are the increases in […]
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