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MapmyIndia IPO: MapmyIndia has fixed a price band of Rs 1,000- Rs 1,033 per equity share for the IPO....
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Retail inflation in first half of 2022-23 is expected to relieve to around 5 per cent owing to cut in fuel prices and good crop expectations ...
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ICICI Bank will partner with Flipkart for the effort - which will help sellers to obtain an OD from ICICI bank immediately in a process - from application - to sanction - to disbursement ...
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The secured, redeemable, non-convertible debentures (NCDs) have a stated value of Rs 1,000 each ... Shares of Indiabulls Real estate Financing settled 1.48 percent at Rs 250.70 each on the BSE.Mortgage lender Indiabulls Real estate Finance announced that its public issue of bonds will open tomorrow, December 9 to raise approximately Rs 1,000 crore - the proceeds of which will be utilised to fund its business development. The problem has a base size of Rs 200 crore with an alternative to maintain oversubscription as much as Rs 800 crores, aggregating to as much as Rs 1,000 crore, according to a regulatory filing by Indiabulls Housing Finance to the stock exchanges today.The protected, redeemable, non-convertible debentures (NCDs) have a stated value of Rs 1,000 each. The concern opens on December 9 and closes on December 20, 2021 with a choice of early closure. Net earnings of the concern will be used for the purpose of onward providing, funding, and for repayment of principal and interest of existing borrowings of the company (at least 75 percent) - and the rest (approximately 25 per cent) for basic business functions, stated Indiabulls Housing Financing in its statement.The non-convertible debentures are proposed to be listed on the stock exchanges, with BSE as the designated exchange for the issue. The bonds have been ranked AA/stable by Crisil Rankings and AA+ by Brickworks Ratings.The bonds have tenures of 24, 36 and 60 months, with yields in the range of 8.35 per cent to as much as 9.26 per cent, depending upon the classification. The lead supervisors to the issue are Edelweiss Financial Providers Limited, IIFL Securities Limited, and Trust Investment Advisors Private Limited.Indiabulls Real Estate Financing is the 2nd biggest real estate financing business in the country. The Gurugram-headquartered banking business is managed by the National Housing Bank.On December 8, Wednesday, shares of Indiabulls Real estate Financing settled 1.48 percent at Rs 250.70 each on the BSE.
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Banking, financial services and information technology shares were among the leading gainers in the Nifty 50 index....
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ICICI Bank announced that it will provide an immediate and totally digital overdraft facility of up to Rs. 25 lakh to the specific sellers and organizations registered on Flipkart ...
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India has a large mobile phone consumer base of about 118 crore users (TRAI, October 2021). Of this, a significant number of users are still on feature phones....
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The Reserve Bank of Indias (RBI's) Monetary Policy Committee on Wednesday decided to preserve a status quo on essential rates as the new stress of coronavirus - Omicron - contributes to the financial unpredictabilities ... RBI Guv Shaktikanta Das stated that the MPC voted all to hold rates.New Delhi: The Reserve Bank of India's (RBI's) Monetary Policy Committee on Wednesday maintained status quo on key rate of interest as the new stress of coronavirus - Omicron - added to the financial uncertainties.The Reserve Bank kept repo rate at an all-time low of 4 percent and the reverse repo rate at 3.35 percent. Repo rate is the rate at which the RBI lends cash to business banks; while reverse repo rate is the rate at which the Reserve Bank borrows from the banks.The central bank has actually kept the rates unchanged for ninth time in a row.RBI Governor Shaktikanta Das stated that the MPC voted all to hold rates and keep an accommodative position as long as required to press development while making sure inflation stays under control.On the economic front, the RBI kept GDP (gdp) growth target at 9.5 percent for the existing financial year, the Governor mentioned. Retail inflation was predicted at 5.3 per cent for FY22, he added. The MPC expectedly maintained status quo on the policy rates and stance. The rhetoric too has remained focused on preserving resilient growth as long as inflation remains well in check. We continue to expect RBI to tweak the surplus liquidity to handle rates and as a result offer assistance on the operating target rate shifting closer to the Repo rate. We keep our base case of reverse repo rate trek in February, said Upasna Bhardwaj, Senior Citizen Economic Expert at Kotak Mahindra Bank.The reserve bank had last revised the policy rate on Might 22, 2020, in an off-policy cycle to enhance demand by cutting interest rate to a historic low.The RBI has been mandated by the federal government to guarantee that the retail inflation based on the Customer Price Index (CPI) stays at 4 percent with a margin of 2 per cent on either side.Meanwhile, the domestic stock indices rallied with the benchmark BSE Sensex rising more than 700 points. Since 10:12 am, Sensex was 1.28 per cent or 740 points higher at 58,380; while the wider NSE Nifty was trading above 17,350.
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The cost of debt-funds for the states jumped again as the weighted average cost of borrowings rose by 37 bps to a one-month high of 6.80 per cent...
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Output space suggests due to bad need conditions, companies are not able run their plant at full set up capability ...
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SK Bioscience's shares are up about 262% because they began selling Seoul in the first quarter, the most amongst the 94 significant offerings given that January ... South Korean biopharmaceutical firm SK Bioscience Co. is the top gainer among going publics that raised more than $1 billion this year, leading a ranking dominated by listings from that country.SK Bioscience's shares are up about 262% since they began trading in Seoul in the very first quarter, the most amongst the 94 significant offerings considering that January, according to information put together by Bloomberg. The IPO raised $1.3 billion for the company, which is a regional Covid-19 vaccine-production partner with AstraZeneca Plc.The business was the first among five Korean companies that raised more than $1 billion each through new-share offers this year, with several tech-related names likewise rising in their trading debuts. The majority of those offers were buoyed by strong participation by retail investors. Ballooning evaluations made regulators step up analysis as the year progressed.SK Bioscience likewise exceeded 2 significant listings in Shanghai, China Three Gorges Renewables Group and Zhuzhou CRRC Times Electric Co., which are each up more than 140%. Several other Korean names appear within the 10 leading performers globally for the year, consisting of Kakao Pay Corp., KakaoBank Corp. and SK IE Technology Co., providing the country more representation in the ranking than any market.Shares of SK Bioscience surged to a record high in August after local media reported that the company would start shipping 1.1 million dosages at that time. The company also got a boost from the inclusion in indexes tracked by MSCI Inc. in the same month.But part of those stellar gains have actually currently faded, with the stock pulling back about 16% given that the start of December. It is amongst an array of Asian health-care shares that dropped on Tuesday, following a slump in U.S. biotech business, as financiers reacted to reports recommending cases of the omicron variant have actually been relatively mild.The health-care firm has eight buy recommendations and no sell or hold calls among experts tracked by Bloomberg.
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Tega Industries IPO: Tega Industries had actually fixed the rate band at Rs 443-453 per equity share for the IPO ... Tega Industries IPO was subscribed 219.04 times on the final day of issueThe finalisation of Tega Industries share allocation is likely to be done tomorrow - December 8. The initial public offer (IPO) of the leading mining equipment and mineral producer concluded on December 3. The IPO was subscribed 219 times by the end of its bidding process. The IPO opened for membership on December 1, and closed on December 3 - staying open for financiers for a duration of 3 days.On the last day, the part reserved for non-institutional financiers was subscribed 666.19 times - the highest among the three groups of financiers. Tega Industries had actually fixed the cost band at Rs 443-453 per equity share for the IPO. The Kolkata-based company uses a wide item portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining parts used by consumers throughout various stages of mining, mineral processing, and material handling.The business plans to raise Rs 619.22 crore at the upper cost band. The IPO is completely an offer-for-sale (OFS) of 1,36,69,478 equity shares by offering to investors and promoters. Here's how you can examine the status of allocation on the website of BSE or the registrar's website-- Link Intime India.Tega Industries IPO: How to examine share allotment statusSteps to inspect the status of allotment through the BSE website: Visit to https://www.bseindia.com/investors/appli_check.aspxSelect Tega Industries IPO from the listEnter your application numberProvide your PAN numberVerify that you are not a robotic and click 'submit'Actions to inspect the status of allocation through the registrar's site (Link Intime India): Visit to linkintime.co.in/ MIPO/Ipoallotment. htmChoose 'Tega Industries IPO' from the drop-down listSelect one of the 3 modes-- application number, client ID or PAN IDThen, send information of the mode you chose earlierFill Captcha and click 'submit'
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Wealth IPO's share allotment is anticipated to happen on December 9 ...
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Rate delicate banking, financial services and real estate shares were witnessing buying interest ahead of RBI's monetary policy choice ... The Indian equity standards staged a space up opening on Wednesday ahead of Reserve Bank of India's financial policy choice due later on in the day. The Sensex rose over 700 points and Nifty 50 index reclaimed its important psychological level of 17,350 led by gains in rate sensitive banking, monetary services and real estate shares. Analysts anticipate the RBI's Monetary Policy Committee to hold rates of interest at record lows while keeping its accommodative stance.As of 9:28 am, the Sensex was up 1.2 per cent or 685 points at 58,318 and Nifty 50 index advanced 207 points or 1.2 percent to 17,383. Meanwhile, Asian shares extended gains on Wednesday, continuing a worldwide relief rally as markets found favorable news in early reports about the prospective impact of the Omicron variation, although over night advances in oil prices began to peter out.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent and Japan's Nikkei rose 1 per cent. U.S. S-P 500 futures increased 0.25 per cent.Investor belief got an increase on hopes that the Reserve Bank of India will likely hold off on raising its essential borrowing and lending rates on Wednesday, as it adopts a careful tone in the middle of the spread of the Omicron coronavirus variant, economists and market individuals said.Fifty financial experts surveyed by Reuters in a December 1-3 poll anticipate the RBI to hold its benchmark repo rate at 4.00 per cent.Buying was visible throughout the board as all the 15 sector assesses put together by the National Stock Exchange were trading greater led by the Nifty IT index's 2.2 percent gain. Nifty Bank, Financial Solutions, Automobile, Private Bank, Real Estate and Oil - Gas indices likewise increased over 1 percent each.Mid- and small-cap shares were also seeing purchasing interest as Nifty Midcap 100 index rose 1 per cent and Nifty Smallcap 100 index climbed 1.4 per cent.Wipro was top Nifty gainer, the stock rose 2.84 per cent to Rs 650. HCL Technologies, Infosys, Tech Mahindra, ONGC, Bharti Airtel, Bajaj Financing, Reliance Industries, ICICI Bank and Bajaj Finserv likewise rose in between 1.5-2.6 per cent.On the flipside, NTPC, Hindalco and Coal India were among the notable losers.The overall market breadth was extremely favorable as 2,085 shares were advancing while 506 were declining on the BSE.
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RBI has said that it has kept the three-member advisory committee to help the recently selected administrator of Reliance Capital Limited ...
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Speaking at the India Mobile Congress event, Birla guaranteed that Vodafone Idea Ltd (VIL) will be a dedicated partner as India makes rapid strides to attain the vision of a trillion-dollar digital... Kumar Birla stated a robust market is required to speed up the accomplishment of Digital India vision.The government has actually made policy interventions to improve the telecom sector and further steps in ease of operating in addition to support from the banking sector will improve the industry's strength and guarantee that India remains at the cutting-edge of global technology trends, Aditya Birla Group Chairman Kumar Mangalam Birla said on Wednesday.Speaking at the India Mobile Congress event, Birla assured that Vodafone Concept Ltd (VIL) will be a committed partner as India makes fast strides to accomplish the vision of a trillion-dollar digital economy.Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator. Throughout his address, Kumar Mangalam Birla further said a robust industry is necessary to invest and speed up the achievement of the Digital India vision. Over the past couple of months, the federal government has made some critical policy interventions in this instructions. More actions in ease of doing business and assistance from the banking sector will significantly enhance the sector strength and ensure that India remains at the cutting edge of global innovation trends, stated Birla.The mobile industry will play a essential function in India's vision to be a $5-trillion economy by 2025, of which $1 trillion will be the contribution from the digital economy, he said. India's digital interactions policy highlights the incentive to take advantage of advanced technologies such as web of things, blockchain, expert system, robotics, edge and cloud computing, he observed. As we accelerate this digital shift, we need to jointly address the requirement for continued investments to allow the journey to 5G, market 4.0 and beyond, he said. Birla described the mobile phone as a informing sign of India's transformation.The mobile market has actually been the nation's development engine, catapulting India to the leading five economies of the world, he stated highlighting that it had played a transformational function in touching every element of individuals's lives.The telecom industry has actually come a long way, he noted adding it has actually brought in the second largest investment in personal infrastructure in India. The sector has actually likewise experienced the greatest FDI streams in the last twenty years. This massive financial investment is serving the movement requirements of over a billion Indians throughout five lakh towns. More considerably, in spite of these significant financial investments, Indian telecom tariffs for voice and data stay the lowest on the planet, he said.With the dramatic development of the internet and the increased penetration of smartphones, the transformational impact of the telecom sector has increased manifold and is now all-pervasive . Wireless broadband infrastructure stays the structure for the development of digital services in the country.Birla observed that the mobile internet has unleashed a new wave of entrepreneurial energy and India has already added about 38 unicorns, this year up until now. The significant impact of the telecom sector was seen throughout the pandemic, as undisturbed telecom services not only kept the country connected however likewise made it possible for an unprecedented digital transition of the economy. This is seen in the dramatic shift to digital payments and even in the increased adoption of telemedicine, Birla pointed out.Recently, the telecom sector got a shot in the arm with the government authorizing a blockbuster relief plan for the market, that included a four-year break for companies from paying statutory fees, consent to share scarce airwaves, change in the meaning of revenue on which levies are paid, and enabling 100 per cent foreign financial investment through the automated route.The measures, focused on providing relief to business like VIL that have to pay countless crores in unprovisioned previous statutory dues, likewise included the scrapping of spectrum usage charge (SUC) for airwaves acquired in future auctions.
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Triveni Engineering - Industries Ltd., whose shares have surged 200% this year, prepares to double its biofuel production capability to make the most of the federal governments ambitious ethanol blending program ... Indias second-biggest sugar producer will start operations at a new plant from February.New Delhi: Triveni Engineering - Industries Ltd., whose shares have actually surged 200% this year, plans to double its biofuel production capability to take advantage of the government's ambitious ethanol blending program. India's second-biggest sugar manufacturer will begin operations at a brand-new plant to make ethanol from walking stick juice, molasses and harmed grains from February, Handling Director Tarun Sawhney said in an interview. The business, which is spending about Rs 350 crore ($46 million) on its expansion plans, runs 7 sugar mills, besides running other business such as power transmission and water job management. There has been a strong program that we have to march toward the goal of 20% ethanol blending, Sawhney said. The target of Prime Minister Narendra Modi's federal government to mix gas with one-fifth of ethanol by 2025 is no rhetoric as lots of mills have actually planned to broaden their capacities, he said, adding that states like Bihar and Odisha are offering additional incentives.The federal government this year advanced its biofuel mixing target to 2025, 5 years previously than prepared, to cut air pollution, trim oil import costs, assistance soak up a regional sugar glut and increase investment in backwoods. The world's third-biggest oil importer plans to invest about $7 billion on the program, which envisages tripling the country's ethanol output to about 10 billion liters a year.The company's renewed focus on biofuels might even more support its blistering share cost rally, which has been drawing support from the government's reforms. The business's relocation suggests that a choice up in the pace of the country's ethanol output could assist it cut a sugar surplus of about 8 million lots and remove the requirement to subsidize exports.With the start of the factory at Milak Narayanpur in Uttar Pradesh, India's leading sugar-producing state, and the completion of some other tasks, Triveni Engineering's distillery capacity will climb to 660 kiloliters a day by June from about 320 kiloliters now, Sawhney said. Export ParityIndian mills are expected to divert walking stick juice and molasses equivalent to about 3.4 million lots of sugar to make ethanol during the year that started in October, according to the Indian Sugar Mills Association. The world's second-biggest producer is approximated to produce 30.5 million lots of sugar this year.Triveni, which estimates its output to remain flat at about 938,000 heaps in 2021-22, has not booked any export contract so far during the current season due to undesirable worldwide costs and greater cane rates in Uttar Pradesh, Sawhney said. We have actually not seen the parity yet as state-administered costs of sugar walking cane have actually likewise increased in Uttar Pradesh, he stated. An anticipated international supply crunch in the very first quarter of the next year would put India in a fortuitous position to make up for it, he said. If we see some spikes in international prices, we'll have more contracts. The ISMA stated recently that the nation had stopped signing brand-new export agreements as a sharp decline in international costs had actually made deliveries unviable. The obstacle came at a time when the pace of new deals was collecting momentum. Indian exporters have actually up until now inked deals to export 3.5 million heaps throughout the present season.
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As the underlying innovation of crypto-assets is still progressing and has lots of uses, the bill proposes exemption to any person using the innovation underlying any cyrptoasset for any legal activity ... Cryptoassets will be regulated by the Securities and Exchange Board of India (SEBI). New Delhi: People and corporations violating federal government guidelines on crypto financing will face fines of up to Rs 20 crore and a prison term of 1.5 years, according to the proposed legislation to manage cryptocurrency in India. All personal cryptocurrency will be managed and not prohibited, as was prepared earlier. Crypto will not be recognised as currency or legal tender. The legislation's name has changed the word cryptocurrency with cryptoasset . The costs looks for to minimise financial stability risk by suitably ring-fencing the official financial sector from crypto assets.The government plans a basic prohibition on all activities by any individual on mining, creating, holding, selling, (or) dealing in digital currencies as a cash, store of worth and a system of account . The expense is aimed at customer and financier security, and to avoid tax evasion and cash laundering. Flouting these guidelines will make one responsible to non-bailable arrest without a warrant. As a deterrent to those found utilizing these assets for terror-related activities, the avoidance of cash laundering act will apply with suitable amendmentsCryptoassets will be regulated by the Securities and Exchange Board of India (SEBI). The Reserve Bank of India's virtual currency has actually not been clubbed with this bill and the central bank will control any problems associated with digital currencies. The expense empowers the central government to exempt specific activities in the general public interest.It proposes the establishment of a facilitative structure for dispersed ledger innovation and lays the groundwork for the production of the official digital currency (digital rupee) to be released by RBI, which is to be regulated by the RBI Act.A cutoff date will be prescribed for those having these assets to state and bring it under regulation and exchanges, the draft bill says.The size of crypto properties in India is about Rs 45,000 crore with about 15 million investors.As the hidden technology of crypto-assets is still progressing and has lots of uses, the bill proposes exemption to any person using the innovation underlying any cyrptoasset for any legal activity. The underlying innovation when utilized for purpose of experiments and research can not be utilized for making or receiving any payment.
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IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two large cities on the periphery of the national......
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Petrol and diesel prices were kept unchanged on Wednesday, December 8....
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Finance Minister Nirmala Sitharaman told the Parliament that federal government has taken steps to safeguard bonafide commercial choices of banks ...
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Italy's Generali is in speak with raise its stake in two Indian insurance services as its regional partner, debt-laden Future Group, wants to leave the plan ...
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The domestic stock exchange are expected to trade very carefully on Wednesday, taking cues from the global markets ... Patterns on SGX Nifty suggested a minor favorable opening for the domestic markets.New Delhi: The domestic stock exchange are expected to trade carefully on Wednesday, taking cues from the worldwide markets. Asian shares extended gains, continuing a worldwide relief rally as markets discovered positive news in early reports about the possible effect of the Omicron variant, although over night advances in oil rates started to abate. Trends on SGX Nifty indicated a minor positive opening for the marketplaces back house. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures moved 0.15 percent or 26.75 points up to 17,337. The benchmark BSE Sensex had actually rallied 886.51 points or 1.56 percent to finish at 57,633.65 on Tuesday; while the more comprehensive NSE Nifty had leapt 264.45 points or 1.56 percent to settle at 17,176.70. Here Are Stocks To Watch Throughout Today's Session: Reliance Industries: The Mukesh Ambani-led business said it will partner with Abu Dhabi Chemicals Derivatives Company RSC to release TA'ZIZ EDC - PVC, a world-scale chemical production collaboration at the TA'ZIZ Industrial Chemicals Zone in Ruwais. The joint venture will have an investment of more than $2 billion.SpiceJet: The Madras High Court has actually bought the winding up of private carrier SpiceJet and directed the main liquidator to take control of its possessions on a petition filed by Credit Suisse over unpaid fees of $24 million. SpiceJet notified that the High Court's stay goes through the condition that the airline company deposits a quantity equivalent to $5 million within a period of 2 weeks.Nykaa: The one-month lock-in duration for anchor financiers of FSN Commerce Ventures, which operates Nykaa, will expire on December 8. Nykaa's Rs 5,350 crore going public (IPO) was subscribed 82 times, with about 21.3 million shares sold to anchor financiers. Share price had almost doubled at trading debut, noting at Rs 2,018, a 79 per cent premium over the concern cost of Rs 1,125. SpiceJet: Has said it is confident of a favourable result of its suggested appeal against a winding up petition ordered by the Madras high court. The HC had purchased winding up of the airline company on a petition filed by Credit Suisse over overdue dues of $24 million. It had actually also directed an official liquidator to take over the properties of the airline. The order was consequently remained for 3 weeks following a plea by the airline company and on the condition that it transfers $5 million with the court within two weeks.Telecom stocks: Telecom Regulatory Authority of India (Trai) has directed telecom business to instantly make it possible for facility to send out text message or SMS brief code 1900, which is used for porting from one provider to another. The telecom sector regulator has actually said that the service that allows ask for distinct porting code needs to be made reliable for all customers - prepaid and postpaid - irrespective of the tariff value of the deal or voucher.Reliance Capital: The Reserve Bank of India (RBI) has actually stated that it has maintained three-member advisory committee to assist the recently designated administrator of Reliance Capital. The central bank's statement followed the National Company Law Tribunal (NCLT) admitted its petition for starting insolvency resolution proceedings against Reliance Capital.
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HCL last month said it opened a delivery centre in Hartford, Connecticut to service industrial tools maker Stanley Black - Decker....
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In 6 different orders, the regulator has actually imposed a fine of Rs5 lakh each on Lotwala Mikil Vijaykumar HUF, Rajendra Kumar Jain, Rajendra D Thakkar, Abhishek Agarwal, Radha A Gupta and Bimla Devi... Markets regulator Sebi has imposed a penalty totalling Rs 30 lakh on 6 entities, including individuals, for enjoying non-genuine sell illiquid stock options at the BSE. In 6 separate orders, the regulator has levied a fine of Rs 5 lakh each on Lotwala Mikil Vijaykumar HUF, Rajendra Kumar Jain, Rajendra D Thakkar, Abhishek Agarwal, Radha A Gupta and Bimla Devi Mundra.The Securities and Exchange Board of India (Sebi) observed large-scale reversal of sell stock alternatives section of the BSE. It noted that such massive turnaround of trades in stock choices results in development of artificial volume at BSE.In view of the same, the regulator conducted an investigation into the trading activities of particular entities in illiquid stock options at BSE for the period April 2014 to September 2015. Pursuant to the investigation, it was observed that over 2.91 lakh trades making up substantial 81.38 per cent of all the trades executed in stock choices section of the BSE during the investigation duration were non-genuine trades.The non-genuine trades resulted into development of synthetic volume to the tune of 826.21 crore systems or 54.68 per cent of the overall market volume in stock choices section of the BSE. It was observed that these eight entities were amongst the different entities which indulged in execution of turnaround sell stock options section of the BSE.According to Sebi, these entities contributed in the production of artificial volume in the illiquid stock option agreements at BSE during the investigation duration by performing turnaround or non-genuine deals in the illiquid stock options sector at the exchange.By indulging in such trades, they broke the arrangements of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) standards, Sebi said in six separate orders passed during December 3-8.
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The Reserve Bank of India's (RBI's) Monetary Policy Committee will present its bi-monthly monetary policy on Wednesday. The Reserve Bank is expected to maintain a status quo on key rates as the new......
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The Telecom Regulatory Authority of India (TRAI) took a strong note of telecom service companies not supplying outgoing SMS center in particular pre-paid vouchers ... TRAI directed telecom companies to make it possible for port out SMS facility regardless of worth of their tariff offerSector regulator TRAI on Tuesday directed telecom operators to instantly make it possible for port out SMS facility for all mobile users needing it, regardless of value of their tariff deal, coupons, or strategies. The Telecom Regulatory Authority of India (TRAI) took a strong note of telecom service business not offering outgoing SMS facility in particular prepaid vouchers.TRAI said in the current past it has gotten problems from subscribers over their failure to send SMS on short code 1900 specified for UPC (Special Porting Code) generation, for availing mobile number portablity center despite having adequate balance in their pre-paid accounts. Now for that reason the authority ... directs all access company to enable, with instant impact, for all mobile customers, both prepaid and postpaid, asking for an unique porting code, the center to send out SMS on short code 1900, in order to exercise their right to get porting center in accordance with the Telecommunication Mobile Number Portability Regulations, 2009 ... irrespective of the value of the tariff offer/vouchers, TRAI said in its direction.The regulator said that the practice of non-provision of the facility of sending MNP related SMS in certain pre paid vouchers/plans is a breach of the arrangements of policies as it eliminates the consumers right, provided for in the regulations to obtain mobile number portability (MNP) facility .
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RateGain Travel Technologies IPO was subscribed 0.75 times on day two of its concern, as it got 12.93 million quotes against deal of 17.35 million shares ...
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Government has said that no fresh indent has been placed with currency printing presses for the Rs 2,000 denomination banknote from 2018-19 onwards...
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To make mergers and acquisitions transactions easier for listed entities, SEBI has amended rules related to it...
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