Promoters pump in Rs.650 crore into RCom
Reliance Communications Ltd. (RCom) said it had received the first instalment of Rs.650 crore from its promoters Telecom Infrastructure Finance Private Ltd., towards preferential allotment of 8.67-crore warrants for a total consideration of Rs.1,300 crore. “The Rs.650 crore is equivalent to 50... read more »
EPFO settles 11 lakh claims in July, 43 lakh since April
Retirement fund manager EPFO has settled over 11 lakh claims, including transfer and withdrawal of provident fund, last month. “Employees’ Provident Fund Organisation (EPFO) has settled more than 11 lakh claims during July 2014. This has taken the cumulative total during this financial year to... read more »
Reserve Bank proposes ‘anytime anywhere’ bill payment system
The Reserve Bank of India (RBI), on Thursday, issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS). The draft guidelines outline the requirement and the basic tenets of operating the BBPS, and prescribe the eligibility criteria, standards for settlement model and... read more »
Raghuram Rajan warns of another global financial crisis
Reserve Bank of India Governor Raghuram Rajan has warned that the world economy could be heading towards a crash much like the Great Depression of the 1930s as advanced countries in a bid to pull out of the global downturn are working at cross purposes. He advocated greater coordination between the... read more »
Three rockets explode in the Be’er Sheva area
Israel’s Operation Protective Edge entered its fifth day on Saturday as Hamas continued to fire rockets into Israel and the Palestinian death toll caused by Israeli airstrikes in Gaza... read more »
Kenya to punish Commonwealth drug cheats
Nairobi : Kenyan government Friday warned of stern action against any competitor from the country’s Commonwealth Games squad who will test positive for banned substances in... read more »
Germany, Argentina dominate Golden Ball shortlist
Finalists Germany and Argentina have four and three players shortlisted respectively for the Golden Ball award given to the World Cup’s best player. Defenders Mats Hummels and Philipp... read more »
I have regained my rhythm: Ishant
Having engineered an England collapse in the first cricket Test with one of his best spells in recent times, lanky Indian speedster Ishant Sharma said that he felt like having got his... read more »
Sunil Gavaskar seeks direction from Supreme Court
Former cricketer Sunil Gavaskar, who was appointed interim president of the Board of Control for Cricket in India (BCCI) to handle the affairs of Indian Premier League 2014, wrote a letter to the... read more »
