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SBI’s new minimum balance rule leaves OBC, UCO and PSB as only ‘free’ banks in India

With the country's largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as 'free' providers of savings bank services, according to an analysis

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PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed

Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows.In the last four

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Airtel buys high-capacity 4G spectrum from Tikona in five circles

Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio.Airtel plans to roll-out high speed 4G services on the newly

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Reliance Jio to lose over half of its subscribers by the month-end – CyberMedia Research

Even as some brokerages are predicting that Reliance Jio will manage to carry over 80% or more of its subscribers when it starts charging for its services at the end of this month, CyberMedia Research said it sees 55-60% of existing connections getting abandoned.Jio is estimated to have 105-110 mln

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DoT lifts freeze over BSNL’s 2016 JE exam, document verification starts

The Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India's state-owned telecom operator.The results of the recruitment exam, conducted in September last year, were put on hold in December after the Department of Telecom received complaints about the conduct of

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Can’t allow NGOs to impede India’s growth: Center to NHRC

The home ministry has written back to the National Human Rights Commission that non-governmental organizations cannot be allowed to work against India's strategic or economic interest.In it's response to the NHRC, the home ministry said it cannot allow organizations that take money from outside India to conduct "activities detrimental to national

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Ookla explains in detail why Jio’s fears on speedtest results are misplaced

Some may call it a storm in a tea cup, but the Ookla-Jio-Airtel controversy has turned out to be a one with an unexpectedly long life.After coming up with a half-hearted defence two days ago, Ookla -- the provider of the world's most popular mobile and broadband speed testing service

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39 government websites hacked in India in 2 months

An increasing number of government department websites get hacked every year, according to data obtained from the Department of Information Technology.A total of 39 websites belonging to central government ministries and state governments were hacked in the first two months of this year.The number does not include data for government-linked

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Jammu & Kashmir saw big jump in terrorist infiltration in 2016

The number of militants who have successfully crossed over into Kashmir via the Indo-Pak border is estimated to have risen almost four fold in 2016, according to data released by the home ministry today.Against 33 estimated successful infiltration in 2015,119 militants are estimated to have crossed over in 2016, the numbers show.The

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HRD ministry says won’t interfere in college politics

The ministry of human resources development, which oversees educational institutions in the country, today refused to intervene in political protests and incidents in colleges."These autonomous institutions are established under the respective Acts of Parliament and are competent to take action in the academic and administrative matters of the institutions, including

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Vodafone Idea merger to save Rs 7,000 cr per year; one-time cost Rs 3,000 cr

The Idea Cellular-Vodafone merger announced today will save about Rs 14,000 cr in operating expenses per year for the combined entity after four years of merger, the two companies said.However, due to the applicability of spectrum caps on the combined entity, the deal will also cost Rs 3000 cr in

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Competition Commission clears RCom-Aircel merger

Anil Ambani Group said the Competition Commission of India has cleared the merger of its telecom unit Reliance Communications with the wireless operations of Aircel Cellular, owned by Maxis Berhad of Malaysia.The clearance was expected since the two companies have very small market shares.The deal had got approval from the

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