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Technology


Essel Mining & Industries, the unlisted unit of the $44.3-billion Aditya Birla Group, has come out as the top bidder for Pro Minerals Pvt Ltd with an offer of about Rs 450 crore, a bid that would see banks getting a proper portion of their outstanding advances. Lenders led by Bank of Baroda voted for …

The resolution professional of Aircel Friday sought excluding the 127 days it lost in fighting and winning a case against the government and Airtel so that it could get fresh bids for the remaining assets of the crippled company. The IBC-mandated 270 days for a resolution is already over for the bankrupt company and it …

You get an SMS on your phone from the Telecom Regulatory Authority of India (Trai) suggesting you to opt for TV channels à la carte or via bouquets as per the new Trai tariff order. Why are you receiving these messages? Trai, as a broadcasting regulator, has the mandate to safeguard the interest of service …

The 5G device ecosystem in India would possibly mature in 2020, a time frame which will coincide with the rollout of the first commercial networks on the next generation technology in the country, a top Reliance JioInfocomm official alleged. “The device ecosystem is critical to ensure that operators aren’t sitting on spectrum waiting for affordable …

‘EVM hacking’ allegations of Syed Shuja, an Indian who was purportedly given political asylum in the US, has triggered a war of words between the BJP-led Centre and the Congress. Law minister Ravi Shankar Prasad called it a “Congress-sponsored conspiracy” to “defame” Indian democracy and the EC, while Congress’ Kapil Sibal demanded a probe into …

Soon, Indians can have a chip-based e-passport replaces paper passports. The government is working on a centralized passport system in which all passport services would be given from Indian embassies and consulates across the world, Prime Minister Narendra Modi said today. “Indian embassies and consulates are being connected to the Passport Seva Project worldwide,” Prime …

In the run-up to 2019 general elections, tech titan Google Tuesday said it will create information on political advertisements on its platform public, giving details like who is purchasing election ads and the money spent. “To bring more transparency to the online election ads, Google will set up an India-specific Political Advertising Transparency Report and …

In a shot in the arm for Bharti Airtel, Delhi High Court has quashed income-tax department’s move to reassess income of its subsidiary Bharti Infratel beyond four years for 2008-09 for transfer of towers to Indus Towers. The court permitted the company’s writ seeking relief and quashed notice for reassessment, claiming all primary facts were …

Global chemicals giant BASF and India’s Adani Group have signed a deal to establish a ?14,000-crore petrochemicals plant at Mundra. Powered by renewable energy, it will produce chemicals that are now imported. “This would be BASF’s biggest investment in India to date,” the two companies said in a joint statement after signing a memorandum of …

Reliance JioInfocomm has told analysts that it sees no reason to raise tariffs now as it is generating strong revenue growth and robust customer additions at the prevailing levels, signaling that a revenue recovery for rivals Vodafone Idea (VIL) and Bharti Airtel remains distant. Various analysts from brokerages such as Goldman Sachs, Morgan Stanley and …

Amazon and Walmart-owned Flipkart have demanded the government to extend the February 1 deadline to comply with recently announced changes in the foreign direct investment (FDI) policy for e-commerce, according to people with knowledge of the matter. Flipkart confirmed this in an email. “We are working diligently to assess all aspects of the Flipkart business …

Vegetable oil imports rose by 11 percent last month to over 12 lakh tonne, edible oil industry body SEA stated on Tuesday and predicted that a rise in inward shipments of refined palm oil on customs duty cut that could affect domestic farmers and refiners. “Import of vegetable oils (comprising edible and non-edible oils) during …