According to a media report, Union Telecom Minister Jyotiraditya Scindia said the government is awaiting a formal request from Vodafone Idea before proceeding with any relief measures.
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Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction,…
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India’s Prime Minister Internship Scheme is faltering in its pilot year, with only 16,060 joiners out of 1.65 lakh offers and 6,618 dropouts. The data raises questions on low acceptance, weak retention and thin hiring. Minister of Corporate Affairs Harsh…
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More than two lakh private companies have shut down in India over the past five years. These closures occurred due to various reasons including amalgamation and dissolution. The government has no proposal to rehabilitate employees of these defunct companies. Additionally,…
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Sources said the latest round of downsizing is a continuation of the rationalisation programme initiated in April 2024 to streamline operations and align the organisation with updated business priorities following the collapse of the merger deal with Sony Pictures Networks…
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The government has stated that no proposals for merging or consolidating state-owned banks are currently being considered. Foreign Direct Investment limits for public and private sector banks remain at 20 percent and 74 percent respectively. Disinvestment of IDBI Bank will…
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