Category بیزینس استاندارد

People should use more electric vehicles to curb pollution: Javadekar

The Centre has upgraded the fuel standard to BS-VI to fight pollution, Union Environment Minister Prakash Javadekar said on Monday and urged people to shift to electric vehicles.

Javadekar, while addressing a webinar on the first ever International Day of Clean Air for Blue Skies, said, “We did not have to celebrate blue skies day earlier, but with industrialisation and huge increase in population, number of vehicles, waste and dust, pollution has gone up.”

He also said that more public transport could lessen pollution.

“We have shifted to the BS-VI fuel to curb pollution. I believe that more the public transport, lesser the pollution. I use an electric two-wheeler and we bring our household goods using that vehicle, I urge people to use more of electric vehicles,” the minister said.

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IT firms look to change employee pyramid increase fresher intake

Informational technology (IT) services providers in the country are likely to substantially increase their fresher intake as the percentage of senior employees in their workforce has steadily increase over past years, resulting in higher cost outgo. This has become doubly important, especially now, when companies are exploring every opportunity to pare costs and pass some of the benefits to the clients in order to improve demand.

With the maturity of the industry, the employee pyramids at some of the large Indian It companies have significantly changed. At Infosys for example, the …

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Market regulator’s new margin norms may give boost to dabba trading

The Securities and Exchange Board of India’s (Sebi’s) new margin norms may give a fillip to dabba trading in equities — a parallel market where trades are done based on prices quoted on exchanges, but settled in cash off-market.

The increase in futures and options (F&O) contract sizes and higher margin requirements has goaded investors to move to this platform in the past year, say market players, and the requirement for upfront margins may push more investors to this segment.

“Dabba trading is catching on like wildfire. Terminals are being circulated, mobile apps created and people are being hired to meet the demand. Several authorized persons may migrate to this platform,” said a senior broking official, on condition of anonymity.

“The more difficult we make it for invest...

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Kannada actress Ragini Dwivedi’s police remand extended for five more days

A court here on Monday has

extended police custody of Kannada film actress Ragini Dwivedi, who was arrested under the Narcotics Drugs and Psychotropic Substances Act, by five more days.

The Central Crime Branch of Bengaluru had presented her before the First ACMM court through video conference as her police custody got over on Monday.

The court extended her police custody for five days.

“Today Ragini was produced to the Court and on CCB request, the court has granted five days police custody of Ragini,” Bengaluru Joint Commissioner Sandeep Patil said in a statement.

According to police sources, the actress,who was arrested on Friday, has not been cooperating with the investigation warranting the police to seek her custody for another five days.

Sources said the actress had delete...

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BofA Securities bets on RIL’s ‘layer of commerce’ after Jio Platforms

After building a ‘digital layer’ (Jio Platforms) on top of the existing ‘physical layer’ of retail shops, Reliance Industries would over the next four years focus on adding a third ‘layer of commerce’ and monetize the existing investments, BofA Securities said.

RIL is also looking to leverage the users’ digital footprint and earn incremental revenues from digital ads, digital lending and even engagements like play along with IPL, KBC, etc, it said in a report.

Over the next 3-5 years, RIL is expected to have 500 million mobile users, offer broadband services to 20-25 million households, and cater to 12-15 million small businesses.

“In the last 4 years, with Jio, RIL has been able to build a ‘digital layer’ on top of the existing ‘physical layer’ of retail shops across electronics, ...

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HC asks SpiceJet to deposit Rs 243 cr in share transfer row with K Maran

The Delhi High Court on Monday asked cash-strapped airline SpiceJet to deposit within six weeks an additional Rs 243 crore in connection with a share-transfer dispute with ex-promoter Kalanithi Maran, owner of Sun group.

Maran has the right to seek status quo on SpiceJet’s shareholding if the amount is not deposited within the deadline, meaning the company won’t be able raise new capital from the market through issuance of fresh shares or stake sale.

The amount is the interest payable on Rs 579 crore, which the court in 2017 had asked SpiceJet to deposit as part of the share transfer dispute. SpiceJet had deposited the entire amount through a bank guarantee of Rs 329 crore and a deposit of Rs 250 crore.

SpiceJet’s net worth has eroded completely and it will find it deposit to ...

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Tariffs unsustainable at present, raising important: Vodafone Idea CEO

Vodafone Idea CEO Ravinder Takkar, in a short Q&A session with the media, was emphatic that tariff rise was inevitable to sustain the telecom business. Edited excerpts:

On private equity funds participating in the proposed Rs 25,000-crore fundraising plan: The board okayed the fundraising proposal last week. We are evaluating all the options before us.

On whether promoters would invest in equity or if they would dilute their stake: I cannot talk on behalf of the promoters. What is important is Vodafone Idea has decided to raise additional funds not just for paying the AGR (adjusted gross revenue) dues but also for continuity of business and service. I can say that we have support from both the promoters in the near future or forever.

On whether the 10-year staggered payment allowed b...

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Actor Malaika Arora tests coronaviurs positive, quarantines at home

Actor-host Malaika Arora on Tuesday announced that she has tested positive for COVID-19 and is quarantining at her home.

The Bollywood diva said she is asymptomatic and following all the required protocols.

Today I have tested positive for coronavirus but I want to inform you all that I am feeling fine, Malaika wrote in a statement posted on Instagram.

I am asymptomatic and following all the required protocols and will be quarantined at home as instructed by my doctor and authorities. I request you all to stay calm and safe. Thank you for all your support, she added.

The 46-year-old fashionista is best known for her performance in popular Bollywood songs such as Chaiyya Chaiyya, Maahi Ve, Kaal Dhamaal and Munni Badnaam Hui.

Malaika, who started her showbiz journey as video jockey a...

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We’re working to make India a knowledge economy: PM Narendra Modi

We are working to make India a “knowledge economy” in the 21st century and the National Education Policy (NEP) will also tackle the issues of brain drain, said Prime Minister Narendra Modi on Monday.

“We are working to make India a knowledge economy. To tackle brain drain, the NEP has paved the way for opening campuses of best international institutions in the country to bring them within reach of youth from simple families,” the Prime Minister said.

The Prime Minister, along with President Ram Nath Kovind, Education Minister Ramesh Pokhriyal Nishank and others are participating in the Governor’s Conference on NEP via video conference.

PM Modi said that the NEP will prepare the country’s youth on parameters of both knowledge and skill needed in the future.

“Today the world is discus...

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IPL 2020: Check Kolkata Knight Riders full schedule, match timings, venue

Kolkata Knight Riders (KKR) will look to put up a strong show and reach the knockout stage of 13th edition of Indian Premier League (IPL 2020) when the Shahrukh Khan co-owned franchise starts its campaign on September 23.

KKR will play is first IPL match this season against Mumbai Indians at Sheikh Zayed stadium in Abu Dhabi. After failing to find a place in playoffs, Dinesh Karthik-led side would be itching to make an impression this time with the addition of English man Eoin Morgan and Australian pacer Pat Cummins.

Click here to download KKR IPL SCHEDULE

Cummins was the most expensive player in IPL 2020 auction and KKR brought him for Rs 15.5 crore, which was more than a third of the franchisee’s available purse...

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