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Vodafone Idea misses Rs 6,090 cr bank guarantee deadline for spectrum dues

Vodafone Idea misses Rs 6,090 cr bank guarantee deadline for spectrum dues

Vodafone Idea has neither provided a bank guarantee amounting to Rs 6,090.7 crore nor made a cash payment of Rs 5,493.2 crore to the Department of Telecommunications (DoT) to cover the shortfall from the 2015 spectrum auction by the stipulated deadline, according to a report by The Economic Times.

This situation could prompt the government to consider potential action.

India ranks fifth in polluted air globally in 2024, says IQAir report

India ranks fifth in polluted air globally in 2024, says IQAir report

India ranks as the fifth country worldwide that had the most polluted air in 2024 after Chad, Congo, Bangladesh and Pakistan, according to Switzerland-based air quality monitoring company IQAir.

However, the country marginally improved its position from third in 2023.

India saw a 7 per cent decline in PM2.5 concentrations last year, averaging 50.6 micrograms per cubic metre air (µg/m³) compared to 54.4 µg/m³ in 2023.

Mukesh Ambani's empire faces turbulence as US trade tariff risks mount

Mukesh Ambani's empire faces turbulence as US trade tariff risks mount

Things aren’t going too well for Asia’s richest tycoon. Having gone all out to put a lock on India’s 1.4 billion consumers, Mukesh Ambani can’t afford to have Donald Trump smash open the latch with a sledgehammer. But that is how the threat is unfolding.

The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India’s “massive tariffs,” as the US president characterised them Friday.

PM Modi arrives in Mauritius for 2-day state visit, to attend National Day celebrations

PM Modi arrives in Mauritius for 2-day state visit, to attend National Day celebrations

Prime Minister Narendra Modi landed in Mauritius on Tuesday to a grand and warm welcome by Mauritius Prime Minister Navinchandra Ramgoolam at the airport. PM Modi said that he will be meeting Mauritius President Dharam Gokhool, PM Navinchandra Ramgoolam and address a community programme in the evening.

In a post on X, he said, "Landed in Mauritius. I am grateful to my friend, PM Dr. Navinchandra Ramgoolam, for the special gesture of welcoming me at the airport.

IndusInd Bank stock crashes as derivative portfolio hit invites downgrades

IndusInd Bank stock crashes as derivative portfolio hit invites downgrades

IndusInd Bank share price: IndusInd Bank share came under heavy selling pressure on Tuesday, March 11, 2025, after a massive discrepancy in the private bank’s derivative portfolio invited a string of downgrades from analysts amid low earnings visibility.

The stock crashed 20 per cent, hitting its lowest level since November 2020 to an intraday low of Rs 720 per share.

Sebi issues warning to IIFL Capital over merchant banking due diligence

Sebi issues warning to IIFL Capital over merchant banking due diligence

IIFL Capital has received a regulatory warning from the Securities and Exchange Board of India (Sebi) over concerns related to due diligence and disclosure of issue-related expenses and fee timelines in its debt offerings between April 2022 and April 2024.

IIFL Capital disclosed in an exchange filing on Tuesday that Sebi has issued an administrative warning letter dated March 7, 2025.

Govt seeks Rs 51k cr cash outgo in second supplementary demand for grants

 Govt seeks Rs 51k cr cash outgo in second supplementary demand for grants

The Union Finance Ministry on Monday sought Parliament’s approval for Rs 6,78,508.10 crore in additional spending for the 2024-25 financial year (FY25) through the second batch of supplementary demands for grants. This includes 52 grants and three appropriations. Of this, the net cash outgo—the actual additional spending requiring fresh funding—amounts to Rs 51,462.86 crore, while the rest is being offset by savings and enhanced receipts across various ministries.

Who is Mark Carney? Canada's new Liberal leader who is set to replace Justin Trudeau as next Prime Minister

Who is Mark Carney? Canada's new Liberal leader who is set to replace Justin Trudeau as next Prime Minister

Canada's Liberal Party has elected Mark Carney as its leader, and he is set to replace Justin Trudeau as the Prime Minister of Canda, as reported by CTV News. Carney secured a win in the first ballot in a race that was triggered after Canada's Prime Minister, Justin Trudeau, announced his intention to step down in early January after a mounting caucus revolt and the resignation of Chrystia Freeland from the cabinet.

6 labourers killed, 11 injured as speeding truck overturns in Maharashtra

6 labourers killed, 11 injured as speeding truck overturns in Maharashtra

Six labourers were killed and 11 others injured when their speeding truck loaded with sugarcane overturned in Maharashtra's Chhatrapati Sambhajinagar district early on Monday, police said.

The incident took place in Pishor ghat section at around 2.30 am when the truck was going from Kannad to Pishor, an official said.

Shoaib Akhtar expresses disappointment over PCB after India's Champions Trophy win, says 'how can this be done'

Shoaib Akhtar expresses disappointment over PCB after India's Champions Trophy win, says 'how can this be done'

Former Pakistan speedster Shoaib Akhtar raised concerns over the absence of Pakistan Cricket Board (PCB) representatives during the trophy presentation of the Champions Trophy 2025 in Dubai.

Expressing his disappointment, Akhtar questioned why no PCB official was present to hand over the trophy, despite Pakistan being the designated host nation for the tournament.

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