New Delhi: The Cellular Operators Association of India (COAI) will work with the Department of Telecommunications (DoT) to launch an online portal to monitor applications and approvals for setting up telecom infrastructure, and whether state-wise Right of Way (RoW) rules are being complied with. The portal will enable the government and telecom infrastructure providers to keep a tab on the process, right from the time an application is filed till the final approval.

Mumbai: ICICI Bank Ltd has drawn up a plan to raise as much as ₹25,000 crore for on-lending as India’s second largest private lender seeks to fill in the vacuum left by non-banking financial companies (NBFCs), which are facing a liquidity squeeze. ICICI Bank intends to issue non-convertible debentures (NCDs) and other fixed-income securities for raising funds in the year ahead, according to a document sent recently to shareholders after its annual general meeting.

As a mutual fund investor, it is good to know how to get your complaints addressed. There are two levels of redressal available: one with the mutual fund itself and at the next stage with market regulator Securities and Exchange Board of India (Sebi).

The first step would be to use the redressal mechanism of the concerned mutual fund for resolution. The easiest way to proceed is contact the mutual fund on the designated helpline. All communication from the mutual fund and its website have the contact details.

Ford’s product development team in India will play an increasingly bigger role in the launch of new models in the country, according to Anurag Mehrotra, Ford India president and MD.

“India product development team is already playing a big role. Next year, we will launch our global technology and business centre. Once the centre comes into being, there will be more product development in India. In future, it will be much higher,” he said.

The H1 Ebitda at Rs 5 billion (up 30% year-on-year, in line) and PAT at Rs 1 billion (up 100% y-o-y) fortify our view that Apollo Hospitals is on track to achieve 20% Ebitda CAGR over FY18-21. An incremental Rs 6-billion swing in Ebitda to Rs 14 billion over FY18-21 will be led by (1) new hospital beds maturing, (2) matured hospitals’ Ebitda margin recovering to 23%, (3) margin expansion in pharmacies as stores mature and proportion of in-house brands rises, and (4) breakeven in clinics business.

State-run gas utility GAIL (India) and Gujarat Energy Transmission (Getco) have moved the Ahmedabad bench of National Company Law Tribunal (NCLT) seeking rejection of ArcelorMittal’s Rs 42,000-crore takeover plan for Essar Steel, saying operational creditors have been left out in the proposal.

Alternative asset manager SBICAP Ventures (SVL), the wholly-owned subsidiary of SBI Capital Markets, on Monday announced the launch of its small and medium enterprises (SME) and affordable housing funds that would target a corpus of Rs 400 crore and Rs 350 crore, respectively. The affordable housing fund would be focusing on eight cities that include Mumbai, Chennai, Kolkata, National Capital Region (NCR), Pune, Bengaluru, Hyderabad and Ahmedabad.

A major Asia-Pacific summit's failure to agree on a communique resulted from certain countries "excusing" protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-U.S. ties ahead of a G20 meet.

After months of bickering over a damaging trade war, the disputed South China Sea and U.S. support for Chinese-claimed Taiwan, the two nations' presidents took a step back from the edge with an ice-breaking telephone call early this month.

An independent director at Yes Bank Ltd., a lender that’s been ordered by India’s central bank to replace its chief executive officer, resigned on Monday saying he was concerned about recent events at the company.

“I wasn’t happy with the developments taking place in the recent past and the way it was handled,” R. Chandrashekhar said in a message on WhatsApp, declining to be more specific. The lender’s shares tumbled as much as 6.5 percent on Tuesday, the worst performer on the S&P BSE Sensex index.

Cryptocurrencies resumed their slump on Monday, with Bitcoin piercing the $5,000 mark for the first time since October 2017, in the wake of increased regulatory scrutiny of initial coin offerings and the split of one of the largest tokens.

Bitcoin declined as much as 9 per cent to $4,958, while so-called alternative coins slumped even more, with Ether tumbling as much as 12 per cent and Litecoin cratering as much as 13 per cent. XRP, the token associated with Ripple, was the lone gainer among major digital currencies.

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