DoT plans to continue with upper penalty limit of Rs 50 cr

Last Updated: Thursday, January 9, 2014, 18:31

The Department of Telecom plans to continue with Rs 50 crore as upper penalty limit for operators for any violation of licence conditions, even as it is working on new rules to rationalise such fines.

Elder Pharma to focus on anti-infectives, international market

Last Updated: Wednesday, December 25, 2013, 16:21

After selling its branded formulation business, Elder Pharma plans to focus on its anti-infectives' vertical and strengthen in-licence portfolio besides looking at expanding presence in global markets.

Sting operations, bad loans hit all from SBI to Yes Bank

Last Updated: Sunday, December 22, 2013, 14:07

From the largest lender SBI to the youngest Yes Bank, the nation's banks were fined for violating regulatory norms after sting operations exposed chinks in their armour.

IDFC not eligible for bank licence as fgn holding exceeds 50%

Last Updated: Thursday, December 19, 2013, 20:25

IDFC said in a BSE filing that the institution would endeavour to bring down the foreign shareholding to below 50 percent in case it gets bank licence from the RBI.

No driving licence for those below 18

Last Updated: Sunday, December 15, 2013, 16:52

Driving licence will not be allowed for any person below the age of 18 years here.

Azim Premji may hike stake in JM Financial

Last Updated: Sunday, December 1, 2013, 16:13

As JM Financial awaits RBI view on its bank licence plea, market is abuzz with talks of billionaire Azim Premji buying additional five percent stake in the company that has also roped in former Citibank chief Vikram Pandit as a key investor for its banking pursuit.

Tata Sons withdraws application for bank licence

Last Updated: Wednesday, November 27, 2013, 17:08

Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses.

Nokia says Samsung extends patent licence deal

Last Updated: Monday, November 4, 2013, 18:38

According to the deal, Nokia will receive additional compensation from Samsung, starting in the beginning of 2014.

Reliance Jio Infocom gets unified telecom licence

Last Updated: Friday, October 25, 2013, 12:53

Reliance Jio Infocomm Ltd (RJIL), the telecom arm of Reliance Industries, Friday said it has received a unified telecom licence that will enable it to offer voice telephony and high speed data services across the country.

Court dismisses man`s plea for restoration of Arms licence

Last Updated: Tuesday, October 15, 2013, 18:23

A man`s plea for restoring his Arms licence cancelled by the licencing unit of Delhi Police, allegedly in an arbitrary manner, has been dismissed by a local court.

Court restrains UP from issuing fresh arms licences

Last Updated: Friday, October 11, 2013, 00:51

Observing that number of licenced weapons with people in UP is over five times the arms available with police, the Allahabad High Court has restrained the state government from issuing fresh licences.

Loop Mobile to participate in auction for licence renewal

Last Updated: Sunday, October 6, 2013, 13:15

Despite Loop Mobile's legal tussle with the government, Khaitan Holdings Mauritius Ltd (KHML) -- the foreign investor in the company -- has indicated that it may participate in the third round of spectrum auction that is expected to be held by January.