Dhanlaxmi Bank proposes to appoint Shivan J K as new MD & CEO
Sun, Dec 27, 2020 9:26 AM

Dhanlaxmi Bank proposes to appoint Shivan J K as new MD & CEO

Kerala-based private sector lender, Dhanlaxmi Bank has proposed the name of former State Bank of India (SBI) official, Shivan J K as its new Managing Director and Chief Executive Officer (CEO) of the bank. The bank has sought the approval from its shareholders to authorize the Board to appoint Shivan as the new chief of the bank, Dhanlaxmi bank said in a notification to stock exchanges.

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Bharti Airtel, Vodafone Idea may get DoT relief on penalties
Sun, Dec 27, 2020 9:09 AM

Bharti Airtel, Vodafone Idea may get DoT relief on penalties

DoT might reject the Trai recommendation to levy a cumulative penalty of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio in 2016 when it had commenced operations. Though on the insistence of the Trai, DCC approved the penalty in July last year, the matter has still not got the approval of the telecom minister, Ravi Shankar Prasad.

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FinMin allows Rajasthan to borrow Rs 2,731cr for ease of business reforms
Sun, Dec 27, 2020 8:30 AM

FinMin allows Rajasthan to borrow Rs 2,731cr for ease of business reforms

The Finance Ministry on Saturday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state successfully undertook ease of doing business reforms. Rajasthan has now joined the five other states namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, which have completed the reform facilitating ease of doing business.

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Vodafone Idea deploys 3G spectrum for 4G services in Mumbai
Sun, Dec 27, 2020 7:15 AM

Vodafone Idea deploys 3G spectrum for 4G services in Mumbai

Vodafone Idea started using 3G spectrum for 4G services in Mumbai and claimed that customers in the metro city will get higher data speed with the reframed spectrum. The existing 4G infrastructure, ramped up with the migration of 3G spectrum to 4G, gives Vi GIGAnet 4G the triple advantages of wider coverage, network quality as well as stronger traffic carriage capacity in Mumbai.

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Govt procures paddy worth Rs 84,928 crore this kharif season so far
Sat, Dec 26, 2020 10:22 PM

Govt procures paddy worth Rs 84,928 crore this kharif season so far

Paddy procurement has increased by 25 per cent in this kharif marketing season so far to 449.83 lakh tonnes at the minimum support price (MSP), valued at Rs 84,928.10 crore. "In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP Schemes," an official statement said.

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Honk goes live on iPhone; brings instant messaging & disappearing chats
Sat, Dec 26, 2020 10:09 PM

Honk goes live on iPhone; brings instant messaging & disappearing chats

With the launch of Honk, iPhone users get a new real-time application that offers instant messaging. After months of testing, the application that's only launched for iOS is trying to give its users an in-the-moment messaging experience. Honk allows users to view messages as and when they are typed. Honk has tried to pioneer the disappearing message feature that was initially brought by Snapchat.

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India’s AI Mission gets go-ahead: Can it modify the future of education?
Sat, Dec 26, 2020 9:51 PM

India’s AI Mission gets go-ahead: Can it modify the future of education?

India’s ambitious artificial intelligence (AI) mission will now be a reality as the Ministry of Electronics and IT(MeitY) has reportedly received a go-ahead to roll out the five-year programme. With this programme, the government aims to provide a platform for students to attain AI skills and give access to relevant AI tools so that they can be future-ready for the digital revolution.

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Russia could ban Facebook, Twitter, YouTube for ‘censoring’ content
Sat, Dec 26, 2020 9:41 PM

Russia could ban Facebook, Twitter, YouTube for ‘censoring’ content

Russia might block internet-based platforms like YouTube, Facebook and Twitter! A draft legislation in this regard has been passed in the lower house of the Russian parliament. The parliament released a statement saying that the authorities would have the power to target internet-based platforms upon finding them to be limiting information based on language as well as nationality.

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Aye Finance Bags $10 Mn In Debt From Catalyst Trusteeship
Sat, Dec 26, 2020 8:42 PM

Aye Finance Bags $10 Mn In Debt From Catalyst Trusteeship

Gurugram-based financial services startup Aye Finance has raised INR 77 Cr ($10 Mn) in debt from Catalyst Trusteeship Limited through its AAV Sarl and Masala Investment Sarl. According to the ministry of corporate affairs filings assessed by Inc42, Aye Finance has allocated 3,85,875 debenture each worth INR 38.58 Cr to AAV Sarl and Masala Investment Sarl, leading up to INR 17.17 Cr.

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Copper futures dip 0.89% to Rs 611.40 per kg
Sat, Dec 26, 2020 8:39 PM

Copper futures dip 0.89% to Rs 611.40 per kg

Copper prices soared to settle at Rs 611.40 per kg on December 24 as participants trimmed their positions as seen by the open interest. The red metal extended gains after a gap up opening and close at the high point of the day. The base metal ended the week with a loss of Rs 5.5 or 0.89 percent for the week. Copper prices rose two out of the four trading sessions on the MCX.

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Cyberpunk 2077 maker 'defend itself vigorously' against lawsuit
Sat, Dec 26, 2020 8:33 PM

Cyberpunk 2077 maker 'defend itself vigorously' against lawsuit

CD Projekt SA, the maker of ‘Cyberpunk 2077’, vowed to defend itself against the lawsuit filed by a Los Angeles-based investor who alleged he was misled by the company. Despite extended delays, the Cyberpunk 2077 could not live up to the hype and has been facing immense criticism. The game was reportedly plagued with bugs, which prompted retailers and console makers to offer full refunds.

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Bullet train might launch in two phases if land acquisition issue persists
Sat, Dec 26, 2020 8:29 PM

Bullet train might launch in two phases if land acquisition issue persists

In a new development, land acquisition hurdles in Maharashtra could result in phase-wise commissioning of the upcoming Mumbai-Ahmedabad High-Speed Rail Corridor project, the Mint reported. According to the report, the Maharashtra government has assured the Centre that more than 80 percent of the land acquisition would be done over the next four months.

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From 5G To JioMart-WhatsApp Partnership — Reliance Jio’s Plans For 2021
Sat, Dec 26, 2020 8:23 PM

From 5G To JioMart-WhatsApp Partnership — Reliance Jio’s Plans For 2021

If 2020 was the year when Jio Platforms filled its war chest through a series of funding rounds from several international investors, 2021 would be the year that would see the company double down on its promise of powering India’s move to a truly digital economy. Jio would do this through its suite of tech products, offering solutions across education, healthcare, ecommerce and entertainment.

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India to become 5th largest economy in 2025, 3rd largest by 2030
Sat, Dec 26, 2020 3:28 PM

India to become 5th largest economy in 2025, 3rd largest by 2030

India, which appears to have been pushed back to being the world's sixth-biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday. India had overtaken the UK in 2019 to become the fifth-largest economy in the world but has been relegated to 6th spot in 2020.

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Sebi appoints a former CEC as observer for e-voting process
Sat, Dec 26, 2020 3:25 PM

Sebi appoints a former CEC as observer for e-voting process

Securities and Exchange Board of India (SEBI) on Saturday appointed Taruvai Subayya Krishnamurthy as ‘observer’ in e-voting of unitholders of six schemes of Franklin Templeton Mutual Fund. Taruvai Subayya Krishnamurthy is former Chief Election Commissioner of India and will be overseeing the e-voting process, scheduled between 26-29 December.

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