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Reliance Communications gets bondholders' nod for asset sale to Jio

Reliance Communications gets bondholders' nod for asset sale to Jio

India's Reliance Communications Ltd (RCom) said on Wednesday its bondholders had approved their asset-sale plan, that includes the sale of certain assets to upstart rival Reliance Jio Infocomm Ltd.

Holders of the debt-laden telecom operator's $300 million bonds have also approved the monetisation of other real-estate assets, RCom said in a statement.

Ravi Shankar Prasad poses 3 questions to Congress over its alleged links with Cambridge Analytica

Ravi Shankar Prasad poses 3 questions to Congress over its alleged links with Cambridge Analytica

Information Technology Minister Ravi Shankar Prasad has alleged that the Congress had liaised with data analytics company Cambridge Analytica, which is in the eye of the storm over misuse of data sourced from Facebook.

Information Technology Minister Ravi Shankar Prasad has alleged that the Congress had liaised with data analytics company Cambridge Analytica, which is in the eye of the storm over misuse of data sourced from Facebook.

Afghanistan: At least 26 killed, several wounded in Kabul explosion; ISIS claims responsibility

Afghanistan: At least 26 killed, several wounded in Kabul explosion; ISIS claims responsibility

At least 26 people were killed and several others wounded in an explosion in Afghanistan capital Kabul on Wednesday.

The explosion took place as the Afghan capital celebrated the Nawruz holiday marking the start of the Persian new year.

According to ToloNews, the blast took place at the Kart-e-Char area in PD3, near Ali Abad hospital and Kabul University.

IOCL set to face more delays in getting land for petrochem expansion

IOCL set to face more delays in getting land for petrochem expansion

The country’s top oil marketing company, Indian Oil Corporation Ltd (IOCL), is slated to face more delay in getting land from the Odisha government for putting up different units of its planned petrochemical complex at Paradip.

IOC, in February last year, had asked for 2,290 acres of additional land to commission the petrochemical units. The oil major preferred to have land contiguous to its 15-million-tonne-per-annum crude oil refinery at Paradip.

Tender for 10 mn prepaid meters attracts 12 bidders, large players keep out

Tender for 10 mn prepaid meters attracts 12 bidders, large players keep out

The first and the largest tender for procuring 10 million prepaid meters, saw 12 bidders submitting interest for participating in the reverse bidding.

However, the leading three large players in the industry – Landis Gyr India, Secure Meters and HPL India have not joined the race, citing regulatory and security concerns.

Nirav Modi scam: Diamond traders now courting firms with long-term credit

Nirav Modi scam: Diamond traders now courting firms with long-term credit

In the aftermath of the Rs 129-billion fraud at Punjab National Bank (PNB) involving Nirav Modi and Gitanjali Gems, traders of loose diamonds are now shifting to organised sectoral players with deeper pockets for credit offers to consumers.

Since most banks have tightened their lending to diamond merchants and others are in the process of doing so, many medium and small diamond dealers are approaching large players for credit facility within the industry.

Facebook places full-page ads in Mexican newspapers warning about fake news

Facebook places full-page ads in Mexican newspapers warning about fake news

After coming under fire for its role in the 2016 U.

S. election, Facebook Inc is taking steps to prevent what it calls fake news during Mexico’s presidential campaign.

The social-networking giant on Tuesday placed full-page ads in prominent Mexican newspapers including El Financiero under the title “Tips to Detect Fake News.” The company’s logo appears on the top left corner.

2G case: Delhi HC issues notice to Raja, Kanimozhi and others

2G case: Delhi HC issues notice to Raja, Kanimozhi and others

The Delhi High Court on Wednesday sought response from A. Raja, DMK MP Kanimozhi and 17 others on appeals by CBI and Enforcement Directorate (ED) challenging a Special CBI Court verdict acquitting all of them in connection with the 2G spectrum allocation case.

Justice S.P. Garg also directed one of the accused Dynamix Balwa group of companies and its associates to maintain status quo with regard to properties worth ₹ 223.55 crores, which was attached by Enforcement Directorate (ED) during the trial as ‘proceeds of crime’ till the next date of hearing on May 25.

Jayalalithaa did not heed advice to go to hospital, says Sasikala

Jayalalithaa did not heed advice to go to hospital, says Sasikala

It was at 9.30 p.m. on September 22, 2016, that then Tamil Nadu Chief Minister Jayalalithaa called out for help. According to her aide V.K. Sasikala, Jayalalithaa had indicated she was unwell while she was in the bathroom situated on the first floor of her Poes Garden residence, after having brushed her teeth.

In an affidavit filed before the Justice A. Arumughaswamy Commission (probing Jayalalithaa’s death), Sasikala provides an account of what transpired at Jayalalithaa’s residence before she was rushed to hospital.

ICICI Bank raises Rs 40 billion via bonds, money to be used to fund growth

ICICI Bank raises Rs 40 billion via bonds, money to be used to fund growth

Private sector lender ICICI Bank on Tuesday said it has raised Rs 40 billion from bonds to fund growth.

"The Committee of Executive Directors of the bank at its meeting held today has approved the allotment of 40,000 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 4000 crore (40 billion) on private placement basis," ICICI Bank said in a regulatory filing to stock exchanges.

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