Articles for tag: Bond, Critical, Due, Financially, Government, Interest, MTNL, Payment, Relies, September, Struggling, Support, Years

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MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...

Market News

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...

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Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu has addressed the challenges faced by SpiceJet, emphasizing the government’s commitment to ensuring a balance in aviation operations amid rising demand in India. The airline is currently under increased scrutiny due to its financial and legal difficulties, with the Directorate General of Civil Aviation implementing enhanced surveillance measures. Naidu highlighted ...

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The Electric Mobility Promotion Scheme achieves 60% of its target, extending support for India’s growing electric vehicle market amid impending FAME-III.

The Electric Mobility Promotion Scheme achieves 60% of its target, extending support for India’s growing electric vehicle market amid impending FAME-III.

The Electric Mobility Promotion Scheme (EMPS) is set to be extended until the launch of FAME-III, announced Union Minister H D Kumaraswamy. The current scheme, which is due to end on September 30, has already achieved 60 percent of its target, supporting over 334,000 electric vehicles. The extension is expected to last for about two ...

Market News

India’s Paralympians shine at Paris 2024, winning 29 medals, yet still face challenges in sponsorship and support.

India’s Paralympians shine at Paris 2024, winning 29 medals, yet still face challenges in sponsorship and support.

India’s Paralympians achieved a remarkable milestone in Paris, winning 29 medals and surpassing their previous record of 19 in Tokyo. While their success has brought them recognition, support from brands and corporations remains limited. Para-athletes like Rubina Francis and Mona Agarwal emphasize the need for early support and funding, particularly for grassroots programs. Although government ...

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In a dramatic effort to support lawyers, Delhi’s Kejriwal government launches aid schemes, impacting thousands during crises.

In a dramatic effort to support lawyers, Delhi’s Kejriwal government launches aid schemes, impacting thousands during crises.

Delhi Law Minister Atishi highlighted the successes of the Chief Minister Advocate Welfare Scheme, initiated by the Kejriwal government in 2019 to support lawyers. The scheme, backed by an annual fund of Rs 50 crore, has enrolled around 28,000 lawyers. It provides significant benefits including Rs 1 million in term insurance and Rs 5 lakh ...

Market News

The U.S. encourages global allies, including India, to help resolve the escalating Ukraine conflict and support a just peace.

The U.S. encourages global allies, including India, to help resolve the escalating Ukraine conflict and support a just peace.

The United States has expressed its openness to any nation that wants to assist in ending the ongoing conflict in Ukraine, according to National Security Council adviser John Kirby. His comments followed President Biden’s phone call with Indian Prime Minister Narendra Modi, who recently visited both Ukraine and Moscow. Kirby emphasized that any effort to ...

Market News

Ashok Leyland Unveils Revolutionary Uptime Centre, Transforming Fleet Support Forever

Ashok Leyland Unveils Revolutionary Uptime Centre, Transforming Fleet Support Forever

Ashok Leyland, a leader in commercial vehicle manufacturing and a part of the Hinduja Group, has launched its advanced Uptime Solution Centre in Ennore. This cutting-edge facility aims to enhance after-sales service for commercial vehicle operators across India by employing innovative technology and predictive analytics. The centre brings together teams from various fields to quickly ...

Market News

Why Experts Are Expecting XRP to Skyrocket Next Week

The cryptocurrency community is buzzing with speculation that XRP, the native token of the Ripple network, could be poised for a significant price surge in the coming week. According to several industry analysts and experts, XRP is forecasted to reach around $0.55, with the potential to even hit the $0.60 mark if the upward momentum ...

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