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100% FDI, other Major Telecom Reforms Approved by Cabinet

100% FDI, other Major Telecom Reforms Approved by Cabinet

Business, Finance, India, Latest News
The five process structural reform will give much-needed relief to Vodafone-Idea — confronting an existential crisis, as well as to Airtel. Good news for Vodafone Idea & Airtel: 100% FDI in telecom sector New Delhi: In a first, the Union Cabinet on Wednesday allowed 100% foreign direct investment (FDI) in the country's struggling telecom sector via the automatic route. This forms part of the five process structural reforms proposed by Ashwini Vaishnaw, Minister for Communications. Earlier, only 49% FDI was allowed through the automatic route and anything above that needed to pass through government route. “Today the cabinet has decided to allow 100 per cent FDI through automatic route in the telecom sector. All safeguards will be applicable,” said Vaishnaw, adding tha...
Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project

Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project

Business, Latest News, Madhya Pradesh
Adani Transmission is India's largest private sector power transmission company. It is part of the diversified Adani Group, headquartered in Ahmedabad. Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project (Credit: BS) The Ganga Times, Ahmedabad: Adani Transmission Ltd (ATL) will be pumping a whopping ₹1,200 crore in MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd. ATL has received the Letter of Intent (LoI) on September 14 for the acquiring the Madhya Pradesh project after it came out victorious in the tariff-based competitive bidding (TBCB) process For the next 35 years, ATL — India's largest private sector power transmission company, will build, own, operate and maintain the transmission project in the ...
तेज प्रताप यादव बने बिजनेसमैन; RJD प्रदेश अध्यक्ष को दिखा दी बाहर की राह

तेज प्रताप यादव बने बिजनेसमैन; RJD प्रदेश अध्यक्ष को दिखा दी बाहर की राह

Bihar, Business, Latest News
Tej Pratap Yadav, Bihar's former Health Minister has turned out to be a businessman. He has started a business of Agarbatti. बिहार के पूर्व मुख्यमंत्री लालू प्रसाद यादव के बड़े सुपुत्र तेज प्रताप यादव अक्सर ही सुर्ख़ियों में बने रहते हैं। उनको हमेशा ही कुछ अलग और नया करने के लिए जाना जाता है। कभी वो भगवान कृष्ण की भूमिका में नजर आते हैं तो कभी जिम करते हुए अपनी वीडियो सोशल मीडिया पर डालते हैं। अभी हाल में लालू पुत्र फिर से ख़बरों में हैं। वो इस वजह से क्योंकि उन्होंने बिजनेसमैन बनने का फैसला किया है। उन्होंने अगरबत्‍ती का कारोबार शुरू किया है। गुरुवार को बिहार के पूर्व स्वास्थ्य मंत्री ने L R नाम से अगरबत्ती ब्रांड लॉन्च किया है। बकौल तेजप्रताप, उनका अगरबत्ती केमिकल फ्री है। इसे बनाने में किसी तरह के रसायन का नहीं बल्कि सिर्फ फूलों का इस्तेमाल किया गया है। कंपनी का पूरा नाम है ल...
Wipro’s IAM Solutions saving big moolah of organizations by enhancing efficiency to achieve optimal business results

Wipro’s IAM Solutions saving big moolah of organizations by enhancing efficiency to achieve optimal business results

Business, Opinion
Intelligent Asset Management Solutions by Wipro offer a means to contemplate all the major and minor factors about operations and costs for achieving organizational goals. Regardless of the domain, no business organization escapes the impact of digitalization of processes. Deemed as a revolution of sorts, it calls for an increased focus on managing assets over the internet. Significant effort is required to ascertain the functionality for augmenting the existing asset management processes.  As per a report by Moody’s, the asset management industry is all set to witness an unprecedented growth over the next decade. It will transform businesses by letting them adapt fully to the digital world.  In the absence of a proper asset management system, lack of control over the fi...
आखिर क्यों कम जनसंख्या होने के बावजूद तमिलनाडु को मिलेगी बिहार से ज्यादा Covid-19 वैक्सीन?

आखिर क्यों कम जनसंख्या होने के बावजूद तमिलनाडु को मिलेगी बिहार से ज्यादा Covid-19 वैक्सीन?

Business
Covid-19 vaccine in India due to take its official entry in a few days. Uttar Pradesh to get the highest number of doses. Tamil Nadu with less population will get more Covid-19 vaccines than Bihar, Madhya Pradesh, and Rajasthan. Courtesy: NJB/Getty Images The Ganga Times, Gaya: इंग्लैंड में कोरोनावायरस की वैक्सीन का इस्तेमाल शुरू होने के बात अब भारत (Covid-19 vaccine in India) में भी लोगों को इसके इस्तेमाल की मंजूरी मिलने का इंतजार है। सरकार और देश की वैक्सीन कम्पनियाँ बड़े पैमाने पर लोगों के टीकाकरण की तैयारी कर रही है। कोरोना की टीका को लेकर केंद्र की मोदी सरकार ने हाल में ही राज्यों के लिए परामर्श सूचना जारी की है। इसमें टीका लगाते समय की प्राथमिकताओं के साथ साथ किस राज्य की कितनी वैक्सीन डोजें मिलेगी यह भी बताई गई है। Covid-19 vaccine in India will be distributed 100 per sess...
IIT Patna sets record for job placements; DE Shaw, Microsoft offer highest package

IIT Patna sets record for job placements; DE Shaw, Microsoft offer highest package

Bihar, Business, Latest News
Despite the Covid-19 pandemic that has resulted in major job losses, the IIT Patna placements scenario has been a blessing for students. Companies like Microsoft, FlipKart, Amazon, and Google have offered significant packages to IIT Patna students. The Ganga Times, Gaya: Despite economic slowdown and disastrous impact on the job sector due to COVID-19 pandemic, the Indian Institute of Technology (IIT), Patna has set a new milestone as it surpassed the record for maximum and average packages to its students during these tough times. Last year, the maximum package of 38 lakhs was bagged by a IIT Patna student, whereas, this time 3 M-Tech students Rakutin Avinash Singh, Nidhi Thakur and Rajiv Roshan are offered a package of around 59 lakhs each by the Japanese multinational company...
Tesla’s Elon Musk surpasses Bill Gates to become 2nd richest person in the world

Tesla’s Elon Musk surpasses Bill Gates to become 2nd richest person in the world

Business, International, Latest News
Tesla’s stock also observed a hike after the news of Elon Musk becoming the 2nd richest person in the world becomes public. Tesla CEO Elon Musk becomes the second richest person in the world, replacing Bill Gates. (AP Photo/Ringo H.W. Chiu) The Ganga Times, New Delhi: This year, Tesla's co-founder Elon Musk has added $100.3 billion to his net worth which propelled him from 35th to the position of the second-richest person in the world, overtaking Bill Gates, according to the  Bloomberg Billionaires Index. Now, only Amazon founder Jeff Bezos is worth more him. A Majority of Musk's wealth is attached with the Tesla stocks.  The 49-year-old techie billionaire has thanked the electric vehicle and clean energy company for recording the surge in his wealth. He ...
China, Japan, 13 others sign RCEP — world’s biggest trade deal without India

China, Japan, 13 others sign RCEP — world’s biggest trade deal without India

Latest News, Business, International
15 Asia-Pacific countries including China, Japan, and Australia will finalize the world's biggest trade deal, after India backs out, this weekend. RCEP - the world's biggest free trade agreement signed without India (Courtesy: Quartz) New Delhi: A common consensus has been reached on RCEP — Regional Comprehensive Economic Partnership by 15 Asia-Pacific nations led by China. They have agreed to sign the world’s largest free trade agreement without the involvement of India. The trade agreement is expected to be signed this weekend, after New Delhi's concerns haven't got addressed. Experts believe that RCEP will be much larger than African Continental Free Trade Area (AfCFTA) in both size and value. A series of trade discussions have been going on among 16 nations including India si...
Maharashtra invites Tesla to invest in the state, making way for Elon Musk’s entry in India

Maharashtra invites Tesla to invest in the state, making way for Elon Musk’s entry in India

Business, Latest News
Maharashtra’s minister of tourism Aditya Thackeray, shared a tweet on Thursday, stating he and the Minister for Industries & Mining Subhash Desai held a video call with Tesla. Mumbai: The Government of Maharashtra, in its bid to fetch auto investments, is in talks with Elon Musk’s Tesla, Inc. Two of the state ministers — Aditya Thackeray and Subhash Desai held a video call with the Tesla team, inviting the American EV auto giant to make investments in India. Aditya informed about this video meet on Twitter. The tweet reads, “This evening I had the opportunity to participate in a video call by Industries Minister @Subhash_Desai ji with @Tesla team to invite them to Maharashtra. I was present not because of just the investment but my firm belief in electric mobility & sust...
Bharti Airtel’s 45% stake in OneWeb to revolutionize telecom sphere

Bharti Airtel’s 45% stake in OneWeb to revolutionize telecom sphere

Business, Latest News
Bharti Enterprises Limited — India’s multinational Conglomerate and the parent company of Airtel, was recently involved in a historic deal that might transform the face of the global telecom industry. The company acquired 45% stake in OneWeb — a global communication company based in the United Kingdom.  After initial successes, OneWeb had problems in raising capital and finally on 27th March 2020, it filed for bankruptcy. On 3 July 2020, Mittal Group and the UK government won a bid to buy the OneWeb, with each of them investing USD500 million. Despite being under huge pressure in the Indian market owing to the rise of Reliance Jio, Airtel has managed to win this bid that might see it becoming a part of the global telecom and internet revolution in the years to come. “OneWeb...