Industry

Photo: Ramesh Pathania/Mint
A still from the hit Israeli show Fauda. Sameer Nair-led Applause Entertainment is bringing its Indian version to the small screen.
A still from the hit Israeli show Fauda. Sameer Nair-led Applause Entertainment is bringing its Indian version to the small screen.

Streaming content creators eye remakes of foreign shows to keep viewers hooked

  • Shows such as ‘The Office’, ‘Hostages’ and ‘Mind The Malhotras’ have been adapted from international formats
  • Sameer Nair-led Applause Entertainment is bringing Israeli show Fauda’s Indian version to the small screen

Vodafone Idea has 304 million subscribers out of which 104 million are 4G users.
The bank is at present going through with a succession planning exercise for Aditya Puri (REUTERS)
The bank is at present going through with a succession planning exercise for Aditya Puri (REUTERS)

HDFC Bank completes 25 years of operations

  • The bank is at present going through with a succession planning exercise for Aditya Puri
  • Aditya Puri, set to retire in October this year, is credited with developing a culture that has zero tolerance for any leniency and has helped the bank in not getting ensnared

A worker sits on a truck loaded with LPG cylinders at an LPG distributing centre in Guwahati. (ANI )
A worker sits on a truck loaded with LPG cylinders at an LPG distributing centre in Guwahati. (ANI )

Cooking gas prices may see monthly revision to contain subsidy

  • Every household is entitled to 12 cylinders of 14.2 kg each at subsidised rates in a year
  • If the decision to raise subsidised LPG prices is taken, the burden will shift even to the 12 cylinders

Stories, ephemeral video content which disappear after 24 hours, have proven to be a perfect format for brands to communicate their message.
Parag Rao, group head for payment solutions and marketing at HDFC Bank.
RBI will ensure that its borrowing programme is undertaken in a non-disruptive manner, says governor Shaktikanta Das.  (Photo: PTI)
RBI will ensure that its borrowing programme is undertaken in a non-disruptive manner, says governor Shaktikanta Das. (Photo: PTI)

No reason to doubt that 3.5% fiscal deficit target will be met: RBI's Das

  • Das said the government has remained within the limits set by the FRBM Committee for the budget deficit
  • The fiscal deficit is the shortfall in a government's income compared with its spending

Sanjeev Gupta of Liberty House. Photo: Shendrew Balendran/Mint
GPPL’s brands IPOL and REPSOL cover all the available segments of motorcycle oils, diesel engine oils, car oils and specialty oils. (Photo: Reuters) (Reuters)
The study analysed data from over 1,000 firms from 20 sectors.
Kumar Mangalam Birla, (Photo: Mint)
The power link will initially transfer around 2,500MW and will be developed in the third phase of the green energy corridors to help tap Ladakh’s solar energy potential of 40GW. Pradeep Gaur/Mint
The power link will initially transfer around 2,500MW and will be developed in the third phase of the green energy corridors to help tap Ladakh’s solar energy potential of 40GW. Pradeep Gaur/Mint

Govt plans 11,000 crore power transmission project in Ladakh

  • The 900-km link will help big green energy projects in the Union territory supply power across India
  • Work on the national grid is on with green energy corridors being set up in two phases with a total investment of 47,000 crore

The telecom department is actively engaging with telecom operations, says FM Nirmala Sitharaman (Photo: Mint)
The telecom department is actively engaging with telecom operations, says FM Nirmala Sitharaman (Photo: Mint)

Vodafone Idea, Airtel make partial payments after SC tough talk

  • SC refuses to entertain Voda Idea plea that sought directions to DoT not to take coercive steps
  • While Vodafone Idea on Monday paid 2,500 crore to DoT and will cough up an additional 1,000 crore before the end of the week. Bharti Airtel has deposited 10,000 crore

Of the total bids received for its three-year long-term repo operation, RBI accepted  ₹25,035 crore bids. (Pradeep Gaur/Mint )
Of the total bids received for its three-year long-term repo operation, RBI accepted 25,035 crore bids. (Pradeep Gaur/Mint )

RBI receives 1.94 trillion bids for repo operation

  • The RBI move is aimed at providing cheaper money to banks at the repo rate so that it can be used to boost credit growth
  • The central bank also withdrew the daily fixed rate repo and four 14-day term repos every fortnight

Post the transaction, JSW Energy’s total installed power generation capacity will increase to 5,609MW.
Post the transaction, JSW Energy’s total installed power generation capacity will increase to 5,609MW.

JSW Energy buys GMR’s Odisha thermal plant

  • Parent GMR Infra said the 5,321-crore deal, which is likely to close in three months, will help the firm pare debt by 4,141 cr
  • JSW Energy generates 4,541MW, comprising 3,140MW thermal power, 1,391MW hydropower and 10MW solar power

Union Finance Minister Nirmala Sitharaman (Photo: PTI)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (PTI)

Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv

  • The RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates
  • Green shoots are now visible and need to be sustained to pull India out of its current slowdown

Photo: Mint
Photo: Aniruddha Chowdhury/Mint
Photo: Aniruddha Chowdhury/Mint

Telecom AGR crisis: RBI closely monitoring developments

  • Shaktikanta Das said so far no red flags have been raised but the central bank continues to monitor the situation closely
  • Some telecom firms are already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans