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Supreme Court to hear Airtel, Vi's plea over AGR recalculation in two weeks

Supreme Court to hear Airtel, Vi’s plea over AGR recalculation in two weeks
An SC bench had directed telcos to make 10% upfront payment of their AGR dues, with a 10-year payment schedule, beginning 1 April, 2021. (Photo: Mint)
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Ending a 14-year legal battle between the DoT and telecom operators, the apex court, in October 2019, had upheld the department s definition of AGR and ordered telcos to pay levies based on that definition, along with interest on the principal amount and penalty
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NEW DELHI: The Supreme Court on Wednesday said it will hear in two weeks Bharti Airtel Ltd and Vodafone Idea Ltd’s plea seeking recalculation of their adjusted gross revenue (AGR) dues. ....

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RBI Governor Shaktikanta Das voices 'major concerns' about cryptocurrencies

RBI Governor Shaktikanta Das voices ‘major concerns’ about cryptocurrencies
Reserve Bank of India (RBI) Governor Shaktikanta Das.
(PTI)Premium
These major concerns have been conveyed to the government, RBI Governor Shaktikanta Das said
The Central Bank is exploring whether there is a need to issue a digital version of the rupee in the country
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The Reserve Bank of India (RBI) is concerned that cryptocurrencies may impact financial stability in Asia’s third-largest economy. These major concerns have been conveyed to the government, RBI Governor Shaktikanta Das said in an interview with
CNBC TV-18.
Prime Minister Narendra Modi’s administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency. ....

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79% of professionals confident about strength of their CVs: LinkedIn Workforce Confidence Index

79% of professionals confident about strength of their CVs: LinkedIn Workforce Confidence Index
Around April last year, LinkedIn had a user base of about 42 million in India.Premium
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LinkedIn today announced the findings of the latest LinkedIn Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce. Based on the survey responses of 1,752 professionals, findings from January 1-29 reveal that professionals in India are confident about career progress despite growing uncertainties about the job market and financial future in the current environment. 80% of professionals are confident about skilling opportunities, while 79% are confident about the strength of their CVs. ....

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ReNew to announce merger with RMG Acquisition at $3.7-bn pre-money valuation

ReNew to announce merger with RMG Acquisition at $3.7-bn pre-money valuation
While pre money valuation is the equity value before the new round of financing, the post money valuation includes the fresh round of capital injection. Photo: iStock
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Goldman Sachs backed ReNew Power Ventures Pvt. Ltd is set to shortly announce its merger with RMG Acquisition owned by Nasdaq-listed SPAC Riverside Capital Management at a pre money valuation of $3.7 billion, said two people aware of the development.
The merger will be followed by a private investment in public equity (PIPE) deal, wherein existing shareholders may offer their shares for sale. Also, new shares may be issued, resulting in new money of around $1.2 billion. ....

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ICICI Bank partners with Greater Chennai Corporation and Chennai Smart City Limited to launch 'Namma Chennai Smart Card'

ICICI Bank partners with Greater Chennai Corporation and Chennai Smart City Limited to launch Namma Chennai Smart Card
Posted On:
2021-02-23 23:06:23
(Time Zone: Arizona, USA)
ICICI Bank today announced the launch of a Common Payment Card System (CPCS) in partnership with the Greater Chennai Corporation (GCC) and Chennai Smart City Limited (CSCL) to provide citizens a one-stop solution for making various kind of payments within the city and beyond. Called Namma Chennai Smart Card , the Rupay powered co-branded, contactless prepaid card, will facilitate various digital payments like tax and utility bill payments at the GCC centres. Additionally, the prepaid card facilitates retail payments within Chennai as well as in retail stores and e-commerce websites across the country. ....

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