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pesky calls and SMSes, the department of telecom (DoT) has decided to allocate a separate number series — 160 — exclusively for service and transactional voice calls, as per Telecom Commercial Communication Customer Preference Regulation (TCCCPR), 2018, reported Business Line.The phone calls coming from government and regulators should have the prefix of 1600 and financial entities which are regulated by RBI, SEBI, PFRDA and IRDAI should have a prefix of 1601, Department of Telecommunications said.Apart from these principal entities (PEs), if any other entity requires assignment of number resources under this series, the same has to be requested separately by TRAI, a source, reported BusinessLine.DoT stated, telecom service providers (TSPs) have to indicate the licensing service area as part of the series in the 10-digit number provided to PEs. If a call is routed from Delhi, then the series should be 1600 (or 1601)11; if from Tamil Nadu then 1600 (or 1601)44; from Mumbai, the series would be 1600 (or 1601) 22.

Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. «The outlook for the Indian economy remains bright, underpinned by a sustained strengthening of macroeconomic fundamentals, robust financial and corporate sectors and a resilient external sector,» RBI said.

Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans, and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations. “Considering the dynamic nature of the interest rate risk, banks may have to address both trading and banking book risks, especially in the light of moderating net inter margins,” the RBI said in its annual report for FY24 Thursday. “On the liabilities side, it is imperative to focus on diversification of deposit sources as reliance on bulk deposits heightens sensitivity to interest rate fluctuations,” it added. The RBI also pointed out that regulatory measures aimed at slowing consumer lending have worked.

rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows related to the rebalancing of the MSCI equity indices. The rupee ended at 83.3175 to the U.S. dollar, compared with the close of 83.3450 in the previous session. The local currency had dipped to 83.4375 earlier in the session, following a further rise in U.S. Treasury yields.

Reserve Bank of India will boost ongoing efforts towards the internationalisation of the rupee by bringing regulatory changes for non-residents, while taking steps to bolster the GIFT City’s appeal vis-à-vis other international financial centres. “Efforts are underway towards internationalisation of the Indian Rupee (INR) through settlement of bilateral trade in local currency,” RBI officials wrote in the central bank’s annual report for 2023-24. “To promote the internationalisation of INR and support local currency settlement with partner countries, it is necessary to liberalise the regulations relating to INR accounts for non-residents,” they wrote.

₹545. The brokerage firm estimates that the stock might rise by 26% going forward. Given that Juniper Hotels is building big box hotels in strategic demand-generating areas, the brokerage said in its research that it is optimistic about the company's growth narrative.

renewable energy unit of billionaire Gautam Adani’s empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by Snowcap Research. Adani Green Energy Ltd., a company within the sprawling conglomerate of India’s second-richest man, is falling short of its stated return targets, London-based Snowcap said in a 51-page report on Thursday. The lower returns, coupled with rising debt-financing costs, mean the firm may not have sufficient funding to meet its 2030 renewable energy goal. The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.

KNR Constructions, one of the leading companies providing engineering, procurement, and construction (EPC) services, gained 10.6% in today's intraday trade, reaching a new 52-week high of ₹309.80 per share. This surge followed the company's healthy performance in the March-ending quarter and for the full fiscal year (FY24).

Shivani Agarwal's blood sample who was present at the hospital. According to a report in NDTV, police are now looking for the teenager's mother to investigate her role in the plan.Earlier, the Maharashtra Medical Education (MME) Department on Monday, May 27, formed the committee headed by Dr Pallavi Sapale, dean of Mumbai-based Grants Medical College, to probe the alleged manipulation of the blood samples of the teenager.Police sources said the panel, in its investigation, found that blood samples of a woman and two men were collected at the hospital.

PTI report, Kohli has taken a break for personal reasons and is expected to rejoin the squad by Friday, May 31. However, a report by ESPNcricinfo mentioned that the BCCI has not yet provided any updates on his travel status.

₹79,497). Sunak took his expensive Tumi bag to one of the country's poorest areas during his campaign trial.Also Read: Rishi Sunak says 'don’t have to go to university to succeed in life', netizens react 'just marry billionaire'His backpack was monogrammed with his initials ‘RS’.

₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India's largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release.The IPO will consist of both a fresh issue of shares and an offer for sale made by existing shareholders.According to the company's filing, the Board of Directors of Hero FinCorp Limited, a subsidiary of Hero MotoCorp Limited, gave their consent to pursue an initial public offering route during a meeting on May 29, 2024."This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of ₹10 each comprising of a fresh issue of equity shares aggregating up to ₹40,000 million and an Offer for Sale of Equity Shares by certain existing and eligible shareholders of the Company," said Hero FinCorp in a filing.Also Read: Kronox Lab Sciences IPO to open on June 3; check GMP, price band, issue size, key dates, more.Hero FinCorp is a financial services organisation that provides a variety of services. Some of these services include loans for education, loans to small and medium-sized businesses, and financing for two-wheelers.

BENGALURU:Oyo has reported its first full-year net profit in its 12 years of existence, scoring its second victory this week following a vote of confidence from Fitch as the hospitality chain rides a resurgence in travel.Weeks after withdrawing its draft initial public offering papers, Oyo's founder Ritesh Agarwal said on social media platform X that the company had made a profit after tax of nearly ₹100 crore in 2023-24. Oyo had reported a loss of ₹1,286.5 crore for FY23.Oyo, owned by Oravel Stays Pvt.

Tata Steel slumped nearly 5% in today's trade to reach ₹165.50 apiece, a day after the company reported Q4 and FY24 numbers. On Wednesday, post market hours, the company reported a 64.59% decline for its Q4 FY24 consolidated net profit to ₹554.56 crore, led by lower steel realisations across geographies.Total revenue from operations fell to 58,687 crore from ₹63,131.08 crore in the same quarter of last year, owing to a nearly 4% drop in its mainstay India business, which contributed at least 62% of the overall revenue.

Google may not have been entirely transparent about its processes, the report added.Google on May 30 confirmed the authenticity of these documents in a statement to the publication. “We would caution against making inaccurate assumptions about Search based on out-of-context, outdated, or incomplete information.

The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit.

LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.

Risk in the mortgage market has likely more than doubled since 2019, according to new research by the Canada Mortgage and Housing Corporation.

fire broke out at the Lotus Boulevard society in Noida's Sector 100 on Thursday. The initial reports suggest that the blaze may have been triggered by a blast in an air conditioner, reported TOI. The incident occurred in the early hours of the day, causing panic among residents. Emergency services were promptly dispatched to the scene, and firefighting efforts were underway. Authorities have not yet confirmed the exact cause of the fire.

Balkrishna Industries Ltd.(up 0.68 per cent), Hero MotoCorp Ltd.(up 0.62 per cent), Apollo Tyres Ltd.(up 0.34 per cent) and Ashok Leyland Ltd.(up 0.05 per cent) were among the top gainers.

Prestige Estates Projects Ltd.(up 1.48 per cent), Macrotech Developers Ltd.(up 0.96 per cent) and Mahindra Lifespace Developers Ltd.(up 0.59 per cent) were among the top gainers.