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Top News
Telcos get Rs 42,000 crore lifeline as govt defers spectrum payout by 2 years – Times of India
India Business News: The beleaguered telecom industry was handed a Rs 42,000 crore lifeline by the government as it announced a two-year moratorium on payment of spectrum Read More reported by Pankaj Doval at The Times of...
Subhash Chandra to sell 16.5% stake in Zee – Livemint
Sale will see Essel Group’s stake plunge to around 5% in the firm.The 16.5% stake includes a 2.3% stake which is in the process of being sold to OFI Global Read More reported by Tanya Thomas at...
Former WPP chief Martin Sorrell’s S4Capital buys Delhi-based WhiteBalance – Times of India
India Business News: NEW DELHI: Former CEO of WPP Martin Sorrell’s S4Capital Plc, the digital advertising and marketing services company on Wednesday announced that its gl. Read More reported by John Sarkar at The Times of...
NCLAT extends deadline to Dec 16 for implementation of Patanjali’s bid for Ruchi Soya – Moneycontrol.com
In September this year, Patanjali Ayurved had received approval of the National Company Law Tribunal (NCLT) to acquire Ruchi Soya, which went into an insolvency in December 2017. Read More reported by at...
Relief to telecom sector: Cabinet gives nod to a two-year moratorium on spectrum payments – Economic Times
The deferred amounts to be paid by telcos will be without increase in the time period, the FM said. Read More reported by Muntazir Abbas at The Times of...
Govt allows telcos to defer spectrum dues – Livemint
In view of financial stress faced by telcos, cabinet approves deferring receipt of spectrum auction instalments for two years.Deferred spectrum payments to be equally spread over the remaining installments; telcos will, however, have to pay applicable interes… Read...