Free Press Journal
  • UIDAI announces phased rollout of face authentication with telcos from September 15

    New Delhi: Aadhaar-issuing body UIDAI has finally announced a phased rollout of face recognition feature as an additional mode of authentication, starting with telecom service providers from September 15.  The Authority had earlier planned to roll out face recognition feature from July 1, a target that was later pushed to August 1.  It has also proposed a monetary disincentive for telcos found slipping on the prescribed targets from mid next month.

  • Infosys CFO MD Ranganath resigns

    Bengaluru: Infosys Chief Financial Officer (CFO) M.D. Ranganath has resigned from the executive post, the IT major said on Saturday. “The Board of Directors accepted the resignation of Ranganath as the CFO and key managerial personnel. He will continue in the post till November 16. The Board will search for the next CFO,” said the city-based software firm in a statement here.

  • Jet Airways may sublease 7 ATRs to TruJet to trim costs 

    Mumbai : Beleaguered Jet Airways is in an advanced stage of discussions with TruJet to sub-lease up to seven of its ATR planes to the regional airline as it seeks to reduce costs and mop up additional revenues, according to an industry source.

  • Banks rush to resolve large bad loans as deadline looms

    Mumbai : Banks are scrambling to finalise resolution plans for large stressed accounts to meet the August 27 deadline set by the Reserve Bank of India (RBI) to avoid referring these accounts under the Insolvency and Bankruptcy Code. Though banks are still not sure about the number of accounts that will be resolved, they don’t expect a big impact on their bottom line even if some of these are referred to the National

  • Air India holds board meeting

    New Delhi : Cash-strapped Air India’s board met here on Friday, amid the government considering a financial package to help the carrier, sources said.

  • Income Tax collections touch record Rs 10.03 L cr

    Guwahati : Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) on Friday said.

  • Airlines not charging exorbitant fares: DGCA

    New Delhi : Civil aviation regulator, DGCA, on Friday told the Delhi High Court that airlines in the country are not charging fares that are unlawful, discriminatory or exorbitant and the ticket prices change according to market forces. The Directorate General of Civil Aviation (DGCA) also told a bench of Chief Justice Rajendra Menon and Justice V K Rao that under the Aircraft Act it was not empowered to make “financial regulations” with

  • Sudan wants OVL to drop arbitration on oil dues

    New Delhi : Sudan has asked ONGC Videsh to withdraw its case against the African nation in an international arbitration court for recovery of over $400 million in unpaid oil dues, saying it is making efforts to mitigate the default.

  • Government allows conditional import of petcoke

    Mumbai : The government on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher.

  • Six firms moved to BSE restricted trading segment

    New Delhi : The Bombay Stock Exchange will shift six companies to the restricted trading segment from August 27 for not complying with listing requirements pertaining to corporate governance.

  • BPCL likely to keep Mumbai refinery shut for 2 months

    Mumbai : Bharat Petroleum Corp will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, according to sources.  When contacted, a BPCL spokesman could not immediately confirm the duration of the shutdown, saying that a decision will be made in one to two days.