Eye on revenue growth, Vodafone Idea revises plans for corporate customers
Business

Eye on revenue growth, Vodafone Idea revises plans for corporate customers

By Administrator_India Capital Sands Vodafone Idea (Vi) on Monday revised its tariff plans for corporate customers with more bundled offers as it looks to increase its average revenue per user (ARPU). The new plans are aligned with those of Bharti Airtel, which tweaked its tariff last week. Currently, Reliance Jio has the cheapest plan for corporate […]

Adani Group stocks fall for second day on Sebi probe over compliance
Business

Adani Group stocks fall for second day on Sebi probe over compliance

By Administrator_India Capital Sands Firms controlled by Gautam Adani fell for a second day Tuesday, after the minister of state for finance told Parliament that some of them are being probed by the markets regulator over compliance with securities rules. Besides Sebi, Directorate of Revenue Intelligence is also “investigating certain entities” belonging to the Adani Group for compliance to another set […]

Kuwait to resume commercial flights with India, Egypt
Business

Air India’s engineers launch nationwide protest against 45% salary cut

By Administrator_India Capital Sands The employees of Aircraft Maintenance Engineers/Service Engineers of AI Engineering Services Limited (AIESL), a wholly-owned subsidiary of Air India limited, have launched a nationwide protest over the salary cut of engineers, news wire ANI reported. According to the report, the recent salary cut is exclusively for the engineers while the rest of […]

LIC IPO: Govt to seek proposals from investment banks in June
Business

LIC IPO: Govt to seek proposals from investment banks in June

By Administrator_India Capital Sands For the planned initial public offering (IPO) of the state-run Life Insurance Corporation of India (LIC), the central government is considering to seek proposals from investment banks in June, a report said on June 3. People familiar to the development claimed that proposals could be sought from the investment banks “this month”, adding that government […]

SBI collects Rs 300 cr from zero balance accounts in 5 years: Study
Business

SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

By Administrator_India Capital Sands Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed. The study observed that the SBI’s decision to levy a charge of Rs 17.70 for […]

Global diamond trade is roaring back thanks to stuck-at-home shoppers
Business

Global diamond trade is roaring back thanks to stuck-at-home shoppers

By Administrator_India Capital Sands The global diamond trade had spent years in the doldrums, only to be crippled by the pandemic when started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” of Surat are so desperate to boost production that the most-skilled cutters and polishers are being head-hunted with offers […]

Facebook, Whatsapp, Privacy Policy
Business

Parliament panel questions Facebook on WhatsApp’s privacy policy changes

By Administrator_India Capital Sands Facebook executives on Thursday fielded questions from an Indian parliamentary panel about changes to WhatsApp’s privacy policy, days after the country’s technology ministry asked the messaging platform to withdraw them. The committee asked why Facebook needed to change WhatsApp’s privacy terms and how it will impact users, a panel member told reporters on condition […]

Indian companies fared better than global counterparts amid COVID-19 pandemic
Business

Indian companies fared better than global counterparts amid COVID-19 pandemic

By Administrator_India Capital Sands Indian companies on average have fared “much better” than their counterparts across the world, amid the COVID-19 pandemic, a study by Cognizant’s Centre for the Future of Work showed. In the region itself, during 2020, 36 percent of Indian companies reported ‘slight negative to very negative impact on business performance’ against the regional […]