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Businesses need to pay up to Rs.20 for using Aadhaar services

Friday, March 8, 2019, 4:47 PM

Businesses using Aadhaar services will have to pay Rs.20 for each eKYC transaction and Rs.0.5 for authentication of each transaction carried out by the entities, the UIDAI has announced. Government entities and the Department of Posts are exempted from authentication charges. The entities shall be required to deposit the authentication transaction charges within 15 days of an invoice being issued.
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ArcelorMittal's Essar bid delays planned JV with SAIL: Minister

Thursday, January 24, 2019, 7:53 AM

ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi Mittal-controlled ArcelorMittal signed a deal in May 2015 to set-up a steel-plant to produce automotive grade steel. However, no timetable has ever been set out.
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RCoM says will not be paying Rs 375 cr to NCD holders

Thursday, January 24, 2019, 7:17 AM

Debt-ridden telecom firm Reliance Communications on Wednesday said it will not be paying the fourth installment of Rs 375 crore principal amount on non-convertible debenture, which is due on February 7. In a regulatory filing, the company said it is working expeditiously to complete the process of asset sale, which is likely to be completed by end-March 2019.

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