Home Ministry may not give licence to Sun TV network companies

Last Updated: Friday, May 15, 2015, 23:28

The Union Home Ministry may not grant licence to Kalanithi Maran-promoted Sun TV Network's group companies for alleged involvement of its owners in 2G spectrum scam and Aircel Maxis cases before various courts and investigating agencies.

Probably right time to expand biz: Shell India

Last Updated: Thursday, May 7, 2015, 18:27

Shell had set up its first fuel station in India in November, 2004 in Bangalore.

Telcos propose licence regime for apps like WhatsApp, Skype

Last Updated: Monday, April 27, 2015, 16:07

This comes after all the stakeholders submitted their comments on Trai's consultation paper on Net Neutrality. April 24 was the last day to summit the comments.

Mahindra Finance eyes 50% stake in proposed Payment Bank

Last Updated: Sunday, April 26, 2015, 13:25

Mahindra Finance is likely to hold up to 50 per cent stake in the proposed Payment Bank, for which a group entity has applied for a licence from RBI.

Bitcoin exchange itBit seeks New York banking licence

Last Updated: Friday, April 24, 2015, 06:05

In a little noticed move, bitcoin exchange itBit has filed for a banking licence in New York, according to the state banking authority.

Oil regulator seeks more time to respond on CNG retail licence

Last Updated: Tuesday, March 24, 2015, 16:15

Oil regulator PNGRB has sought more time to respond to Petroleum Ministry's move to snatch away its powers to issue CNG retailing licences.

Pay Point aspires to be a universal bank: Meghani

Last Updated: Sunday, March 22, 2015, 10:49

Payment solutions company Pay Point India, which is awaiting Payments Bank licence, has said Sun Pharma's ED Sudhir Valia will hold minority stake in the entity that aspires to become a universal bank in 3-5 years.

Oil Ministry to give CNG marketing licence

Last Updated: Thursday, March 12, 2015, 17:15

Oil Ministry is looking to wrest powers to give CNG retailing licence from sectoral regulator PNGRB as it has issued draft guidelines detailing eligibility for rights to sell fuel to automobiles.

Payment bank: Mahindra Finance in talks with IFC for JV

Last Updated: Wednesday, February 11, 2015, 19:17

Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.

Vodafone India applies for payment bank licence

Last Updated: Tuesday, February 3, 2015, 15:38

Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.

Future Group seeks payments bank licence; IDFC to partner

Last Updated: Monday, February 2, 2015, 21:25

Kishore Biyani-promoted Future Group Monday applied for a payments banking licence and will partner in this venture with IDFC, which has already been allowed by RBI to set up a full-fledged bank.

RIL, Aditya Birla, Future Group apply for payments bank licences

Last Updated: Monday, February 2, 2015, 18:40

A few top Indian companies including Reliance Industries Ltd., Aditya Birla Nuvo Limited and Future Group Monday applied to the Reserve Bank of India (RBI) for payments bank licences.