Vodafone Group Plc chief executive officer Nick Read has said that the company may head for liquidation of its India business if the government does not ease spectrum fees, Bloomberg reported.Read called the situation “critical if you don’t get the remedies being suggested”. The publication quoted him as saying, “If you’re not a going concern, you’re moving into a liquidation scenario — can’t get any clearer than that.”Moneycontrol could not independently verify the report.Close The Supreme Court of India in October ordered telecom operators to pay up $4 billion worth dues for past frequency licenses. Vodafone owns 45 percent of Vodafone Idea but has not yet pledged more money to the business even as the latter drowns in $14 billion debt. related news Odd-even returns after three-day break, 552 violators fined DoT tells telcos to clear AGR dues as per SC order Delhi Air Quality: SC orders closure of schools till November … [Read more...] about ‘Vodafone India to head for liquidation if Centre does not ease spectrum fees’: Report
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At a time when corporate lending has taken a hit, Yes Bank is looking to strengthen its transaction banking business to boost fee income.The private lender plans to double its corporate client base on API banking platform this financial year, said Asit Oberoi, Senior Group President and Global Head Transaction Banking Group and Chief Experience Officer, Yes Bank.Currently, Yes Bank's transaction banking business, which has 1,000 corporate clients on the API platform, contributes 15-20 percent to its revenue. The business witnessed a compound annual growth rate of 40-45 percent in the last three years, Oberoi said.Close In banking, application programming interface (API) enables third party entities to access a bank's online system. For instance, a company that wants to settle transactions with its supply-chain dealers on a real time basis, can do so from its own processing system. It need not log in to a corporate net banking portal to transfer funds. related news … [Read more...] about Yes Bank taps API in hope to revive fee income
Check out all of our 2019 Innovation by Design winners and honorees here, and read more coverage of the winning designs here. advertisement In the year following the horrific February 2018 school shooting in Parkland, Florida, 1,200 children were killed by guns in the United States. But while the Parkland shooting made headlines for weeks, many of these other young victims received little attention. Now, an interactive website called Since Parkland aims to tell each one of their stories. The Trace, a digital news organization that covers gun violence, teamed with the Miami Herald and 200 teenage reporters to gather as much information as possible about each child, sourcing mostly from online obituaries, GoFundMe campaigns, and social media accounts. Some of the more advanced young journalists also reached out to the kids’ family members and friends. The teens “bring with them an undeniable moral weight to their reporting,” says Akoto Ofori-Atta (below, second … [Read more...] about Since Parkland pays tribute to 1,200 American children killed by guns
In March this year, the Tamil film industry had come to a screeching halt. Not only film releases but productions too were put on hold due to a strike by theatre owners against the Tamil Film Producers Council (TFPC). As many as 30 films were awaiting a release date and after a long delay, some films will finally hit the theatres this month.Starting from May 4, films like horror comedy Iruttu Aarayil Murattu Kuthu, romantic comedy Kaathirupor Pattiyal, Alaipesi and actor Allu Arjun’s film En Peru Suriya En Veedu India will entertain the audiences this summer.While May 9 will only see one release Nadigaiyar Thilagam, May 11 will have three films playing in Tamil theatres — Vishal’s Irumbu Thirai, Bhaskar Oru Rascal and Iravukku Aayiram Kangal. Next on the list is May 18 release Kaali.Close However, it will only be in June when a big-ticket Tamil film will come to the cinema halls. Rajinikanth’s Kaala is set for a June 7 release and the … [Read more...] about After Avengers: Infinity War breaks dry spell, can Rajinikanth’s Kaala woo audiences in Tamil Nadu?
Tata Steel is bringing together its mining activities under a single vertical to be called Tata Steel Mining. The vertical will include Tata Steel Alloys, the steelmaker's wholly-owned subsidiary that recently bagged chrome ore mines in Odisha."Tata Steel Mining will be the vehicle for all mining activities. The company will participate in mining auctions under Tata Steel Mining," said Global CEO and Managing Director, TV Narendran.The new vertical is part of the overall re-organising drive at the country's oldest steelmaker, and also includes closing down units and selling non-core businesses.Close Post the recent second-quarter results announcement, Narendran had added the company is consolidating domestic business units into four verticals - long products, downstream, mining and infrastructure. related news Ultraviolette unveils electric motorcycle F77; a look at price, specs BHIM UPI goes international; QR code-based payments demonstrated at Singapore … [Read more...] about Tata Steel, India’s oldest miner, sets up new mining vertical