Month: September 2021

In what is slated to be India’s biggest initial public offering, the government is seeking a valuation of between 8 trillion rupees ($109 billion) and 10 trillion rupees for state-backed Life Insurance Corp by considering selling 5%-10% stake in the company. This could possibly raise between 400 billion rupees and 1 trillion rupees, according to sources with knowledge of the matter.   The potential valuation sought may change after further discussions as it is still based on preliminary talks. The valuation however is much lower than Jefferies’ estimate of 19…

The cabinet has come out with a strong move to push the economy and announced some big reforms in the automobile and telecom sectors of India ,starting from production-linked incentive (PLI) scheme to rationalising AGR definition to digitising KYC. Union minister Anurag Thakur said the government has approved the PLI scheme in the auto and drone industries. At the same time, the Telecom Minister Ashwini Vaishnaw said the Union cabinet rationalised the adjusted gross revenue (AGR) definition by excluding non-telecom revenue of telcos from payment of statutory levies. AGR refers…

As part of Azadi ka Amrit Mahotsav celebrations, Minister of State for Electronics & Information Technology, Rajeev Chandrasekhar launched an event to honor the outstanding contributions made by scientists/ technologists in the domain of Electronics and IT. As part of the initiative, the Ministry of Electronics & Information Technology (MeitY) has invited nominations of scientists/technologists who have made outstanding contributions in the past 75 years in the field of Electronics & IT.    Addressing the event, Chandrashekhar spoke about the vision of Prime Minister Narendra Modi who strongly believes in…

Vice President M Venkaiah Naidu, PM Narendra Modi and Lok Sabha Speaker Om Birla jointly launches the Sansad TV. The 24-hour channel, through its content, will showcase the democratic ethos and the functioning of democratic institutions of the country. The decision to merge Lok Sabha TV and Rajya Sabha TV was taken in February.   Sansad TV programming will primarily be in four categories – functioning of Parliament and democratic institutions, governance and implementation of schemes/policies, history and culture of India and issues/interests/concerns of contemporary nature.   Addressing the event,…

Tamil Nadu Chief Minister MK Stalin proclaimed that a cybercrime centre will be established in the state which will help in unravelling issues related to cybercrimes. The centre will be responsible for the investigation of all the internet-related crimes taking place in the state.   A senior police official, who will probably be heading the unit, told IANS that this centre will also investigate crimes against women and children and will create awareness amongst the public. Four cybercrime police stations (as a part of investigation centre) and a mobile drone unit will…

Jio heartily welcomes the reforms and relief package announced by the Government of India, as these are a timely step towards strengthening India’s telecom sector.  These will accelerate realisation of Hon. Prime Minister Shri Narendra Modi’s Digital India vision and enable India’s transformation into the world’s leading Digital Society.   Jio’s mission is to bring the fruits of the Digital Revolution to 1.35 billion Indians. Guided by this mission, we have ensured that Indians have the highest quality and the highest quantity data access anywhere in the world, at the…