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Banks move NCLT to invoke personal guarantee of promoters
Banks move NCLT to invoke personal guarantee of promoters

Mumbai, Several banks have started moving the National Company Law Tribunal (NCLT) to invoke the personal guarantees given by promoters of defaulting companies.

According to banking sources, leading banks, including State Bank of India (SBI), Bank of Baroda (BOB), and Union Bank of India (UBI) have approached diff

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OPPO bets big on AI-driven 6G networks in next decade
OPPO bets big on AI-driven 6G networks in next decade

New Delhi,  As 5G technology slowly but steadily spreads across the world, smartphone brand OPPO on Tuesday released its 6G strategy, saying that artificial intelligence (AI) will act as a new dimension to the next generation of communication networks, helping 6G networks self-optimise and dynamically administrate them

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AWS launches India-first programme to nurture public sector startups
AWS launches India-first programme to nurture public sector startups

New Delhi,  Amazon Web Services (AWS), which is the cloud arm of Amazon, on Tuesday announced the launch of an India-first programme that will help early-stage startups in the public sector build solutions on its platform.

Called 'AWS Startup Ramp,' it is an acceleration programme for startups th

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Vedanta Aluminium Business recycles 16.5 bn litres of water in FY21
Vedanta Aluminium Business recycles 16.5 bn litres of water in FY21

New Delhi,  Vedanta Aluminium Business, Indias largest producer of the aluminium and value-added products, has recycled 16.5 billion litres of water in FY 20-21, leveraging technology for focused control and monitoring of water consumption. The water saving projects across its Alumina Refinery, Aluminium Smelters and P

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Startups, pharma Cos face tax liability on new goodwill rules
Startups, pharma Cos face tax liability on new goodwill rules

New Delhi,  In what can increase tax liability on companies that have undergone mergers and acquisitions in recent years, the Central Board of Direct Taxes (CBDT) has notified new set of rules on tax treatment of goodwill where depreciation provisions have been used.

The new rules that frame guidelines f

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Monetary policy normalisation may start by end of FY22
Monetary policy normalisation may start by end of FY22

Mumbai,  As interest rates continue at unprecedented low levels, the Reserve Bank India may start tightening the monetary policy and the gradual normalization of the policy is likely to start by the end of this financial year.

Although the retail inflation declined on sequentially in June, it remained ab

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Cyber security key to achieve PM's dream of USD 5 tr economy: Shah
Cyber security key to achieve PM's dream of USD 5 tr economy: Shah

Gandhinagar,  Union Home Minister Amit Shah on Monday said that to achieve Prime Minister Narendra Modi's dream of India becoming a five-trillion-dollar economy, cyber security was very important.

He was speaking at the inauguration of the Centre of Excellence (CoE) for Narcotic Drugs and Psychotropi

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China back at disrupting Indian celebration of Dalai Lama birthday in Ladakh
China back at disrupting Indian celebration of Dalai Lama birthday in Ladakh

New Delhi,  Even as India and China are in talks to resolve the disputed border issue in eastern Ladakh, Chinese troops displayed banners of protest near the Line of Actual Control in Demchok during celebrations of the birthday of Tibetan spiritual leader Dalai Lama.

"It is a regular affair every ye

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Assam Governor ask Army to stop smuggling from Myanmar
Assam Governor ask Army to stop smuggling from Myanmar

Guwahati,  Assam Governor Jagdish Mukhi on Monday asked the Army to take adequate steps to prevent smuggling from neighbouring Myanmar, officials said.

An official of Assam Raj Bhavan said that the Assam Governor during a meeting with top Army officials at Raj Bhavan mentioned about the illegal smuggling

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Telangana issues notification to change names of two districts
Telangana issues notification to change names of two districts

Hyderabad,  The Telangana government on Monday issued a notification to change the name of two districts.

As announced by Chief Minister K. Chandrasekhar Rao last month, Warangal Urban district will be renamed Hanamkonda and Warangal Rural district Warangal.

The government has given a mont

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