North East – Page 311 – The Purbottar

18 Feb

CEO of Abu Dhabi Future Energy Company, Masdar, Wins “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019” Yahoo / Inbox

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The CEO of the Abu Dhabi Future Energy Company, Masdar, Mohamed Jameel Al Ramahi, will be presented with “The Gulf Intelligence International Energy Diplomacy Person of the YearAward 2019,” in London on February 27th. Previous recipients of the prestigious accolade, which takes place during the Energy Institute’s International Petroleum (IP) Week, have included the Ministers of Energy & Industry of the UAE and Saudi Arabia. The International Energy Diplomacy Person of the Year Award celebrates the successful legacy of an individual with an outstanding record of achievement in the Advancement of collaboration and cooperation to ensure the global energy industry delivers on its commitment to the great energy transition and balanced markets. “Mr Al Ramahi’s vision to spearhead the strategic development of…

15 Feb

Banks Will Have To Pay The Price If Any Telco Files For Bankruptcy: SBI Chairman

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SBI Chairman Rajnish Kumar on Saturday said banks will "have to pay the price" in case any telecom firm files for bankruptcy, a day after the Supreme Court made it clear that telecom companies will have to pay the Rs 1.47 lakh crore in past dues.The chief of the country's largest lender State Bank of India (SBI) said it is in the "wait-and-watch mode" and the onus of ensuring telecom companies' compliance with the Supreme Court order lies with the Department of Telecommunications (DoT) under the government."If there is a negative impact on any enterprise, it impacts a larger ecosystem,…

15 Feb

Will Pay AGR Dues, Business Continuation Depends On Supreme Court Order: Vodafone Idea

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Debt-ridden telecom operator Vodafone Idea said on Saturday that it is assessing the amount that can be paid towards Adjusted Gross Revenue (AGR) dues, even as it flagged concerns over the continuation of its business. The company said it is in the process to pay adjusted gross revenue dues as per the Supreme Court order.However, the continuation of business in India will depend on a favourable order on its modification plea filed before the apex court, it added."The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR…

15 Feb

Leading online fantasy cricket gaming platformFanFight expects to garner 10 million subscribers by the end of IPL season 2020

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FanFight, one of India’s leading online fantasy cricket gaming platform is confident of achieving the magic figure of 10 million subscribers by the end of the upcoming IPL season. The IPL heat has started with less than two months to go for 13th edition of the Indian Premier League (IPL). IPL is celebrated in India like a festival and it is equally prominent and a major event for FanFight. FanFight’s association with major OTT platforms like ‘Hotstar’ during IPL has been a trendsetting experience, which has helped the company to grow Multifold. The company has grown from 1 million subscribers…

14 Feb

Centre Willing To Look Beyond Budget To Bolster Growth

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Finance Minister Nirmala Sitharaman on Friday said that she is open to more tweaking inside and outside the Budget for economic growth based on the feedback given by economists and experts."If more has to be done beyond the Budget 2020, we are willing to do that. I am open to take steps beyond it. We are open to hearing from all of you so that as and when tweakings have to happen or more has to be done beyond the Budget, we are willing to do that, the Finance Minister said in a panel discussion.Participating in an interactive session on…

14 Feb

Wholesale Inflation Worsens To 3.1% In January Amid Economic Slowdown

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Wholesale inflation worsened to 3.1 per cent in January from 2.59 per cent in the previous month, government data showed on Friday. The release of official data on wholesale inflation - or the rate of increase in wholesale prices - comes at a time when the economy is staring at the worst pace of annual expansion in more than 11 years, and the central bank has paused further monetary easing after reducing the key rates by 135 basis points (1.35 percentage point) last year.The build-up inflation rate came in at 2.50 per cent so far this financial year, as against…

14 Feb

President Donald Trump To Woo Indian Executives During New Delhi Visit

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US President Donald Trump will meet executives of large Indian companies with interests in the United States as he looks to drum up investments during his visit to New Delhi this month.‌Executives of some of the companies expected to attend the meeting include Reliance Industries, diversified group Tata Sons and auto sector companies such as Bharat Forge, Mahindra and Mahindra and Motherson Sumi, industry and business sources told Reuters.President Trump is scheduled to make his first visit as president to India on February 24-25 during which he will travel to Prime Minister Narendra Modi's home state of Gujarat followed by…

14 Feb

A Peek Into The Lives Of Indian Street Dogs

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Bhalo theko is a short film starring Indian pariah dogs. It is directed by Saswati Bandyopadhyay and produced by Mise En Scene. It is created with original score by Prajna Dutta. "Being a documentary short film maker, I always feel that film is a better media to reach a larger section at a time. It's an appeal to our race to be empathetic to every lives of this planet. To aware Indian dog haters who are not compassionate of their own breeds, whichis no longer acceptable", says Saswati Bandyopadhyay, the director. Mr. Jesse Alk, being an ardent pariah dog lover…

11 Feb

Economic Growth Set To Bounce Back As Slump Bottoms Out: Sanjeev Sanyal

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The economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 per cent in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said."Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters.The Insolvency and Bankruptcy Code, introduced in May 2016, has helped banks to recover billions of dollars stuck in outstanding corporate loans and offer loans to new borrowers.

11 Feb

RBI Releases Draft Framework For New Payment System

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The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan-India umbrella organisation for retail payment systems.The central bank has invited comments on the draft framework from all stakeholders by February 25.At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.