Companies Indian Subcontinent Industries

Amazon knocks SC door against Future-Reliance Rs 24,713 crores deal

Amazon moves SC against HC stay order restraining Future-Reliance deal Future Retail says it got communication from Amazon that it has filed Special Leave Petition before Supreme Court   Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd Read More…

BJP Congress Indian Subcontinent Industries Life Style Regulators

Vaccine shortage push Indian regulators to amend policy for Foreign Vaccines

After opposition criticised over zerovaccine stocks across India In a major step to improve vaccine coverage in India.,   Modi led BJP government on Tuesday announced its decision to fast-track emergency approval for all foreign-produced Covid-19 vaccines that have been approved for use in certain other countries, like the United States and European Union member Read More…

Companies Indian Subcontinent Industries Regulators

DMK condemns Modi govt move to scarp Intellectual Property Appellate Board in Tamilnadu

DMK President M.K. Stalin on Saturday condemned the central government’s decision to scrap the Intellectual Property Appellate Board (IPAB) located in the capital Chennai .     In a statement issued here, DMK president Stalin said the BJP central government should form public sector enterprises, but the current Modi led government is scrapping or selling Read More…

BJP Congress France Indian Subcontinent Industries

Dassault 1 million euros to Indian middleman as gift a tip of iceberg in Rafale scam ..

On Sunday, Mediapart, a French investigative news publication, reported what it claimed to be a “scandal” associated with the sale of 36 Rafale fighter jets from France’s Dassault to India.   The deal for 36 Rafale fighter jets, first announced by Prime Minister Narendra Modi in 2015, had led to questions by the opposition about Read More…

Corona Virus Health Indian Subcontinent Industries medical United Kingdom

In pursuit BMJ report of increase in efficacy Centre amends 2nd dose time interval to 8 weeks

The government has increased the time interval between the two doses of Covishield the Oxford-AstraZeneca vaccine against Covid-19, being manufactured locally by Serum Institute of India from four-six weeks to four-eight weeks in view of the “emerging scientific evidence”.   The recommendation came from the National Technical Advisory Group on Immunisation, which revised its view Read More…

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India inflation reaches 5.03% mounts pressure to Modi government for Fuel tax cut

India’s retail inflation surged to a three-month high of 5.03 per cent in February, as against 4.06 per cent in the previous month, as petrol and diesel prices rose sharply.  While the consumer price index-based fuel and light inflation rate stood at 3.53 per cent in the month compared to 3.82 per cent in January.  Read More…

Banks Industries Regulators

Reason behind TRAI suspension of norms for commercial text messages

TRAI suspends norms for commercial text messages for one week This comes after following disruptions in SMS and OTP deliveries for banking, payment, and other transactions Telecom regulator TRAI on Tuesday suspended the newly-implemented norms for commercial text messages for one week, following disruptions in SMS and OTP deliveries for banking, payment, and other transactions. Read More…

Companies Indian Subcontinent Industries

VIL says its Spectrum acquisitions and core cloudification makes it strong in 5G market

Vodafone Idea Limited (VIL) Chief Regulatory and Corporate Affairs Officer, P Balaji sought to “debunk the myth” that VIL may not have acquired large amounts of spectrum due to financial constraints.   Spectrum acquisition in recent auctions to fill certain gaps in some circles has put VIL on a “strong footing” to be competitive in Read More…

Companies Indian Subcontinent Industries North India Regulators

North Indians arrested for master minding GST tax credit Scam mounting to Rs 690 Crores

Two North Indian Vikas and Manish were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore which defrauded the exchequer of more than Rs 690 crore.  Both the accused, residents of Sirsa in Haryana, had relocated to Nepal in a bid to escape being caught and Read More…