The licences have been cancelled for failing to meet minimum capital norms. In FY18, just 26 NBFCs lost their licencesWhile NBFCs can exist after they lose their licences, they gradually die being unable to raise money
3 min read11 Jul 2019Indian Oil won city gas distribution licences for nine cities, most of them in Bihar and JharkhandHindustan Petroleum won licences to retail CNG to automobiles and PNG to households in nine cities in Uttar Pradesh and West Bengal
2 min read27 Feb 2019The in-flight and maritime connectivity (IFMC) can be provided using telecom networks on ground as well as using satellites
1 min read17 Dec 2018India is seeking to double the share of natural gas in the country's energy mix to 15 percent by 2030, while slashing emissions by a third
2 min read15 Oct 2018Bidding for the round closed on 10 July, in which 174 districts in 22 states and Union Territories were clubbed into 86 permits
1 min read19 Jul 2018India dominates the world's generic drugs market, exporting $17.3 billion worth of drugs in the 2017/18 (April-March) year, including to the United States and the EU
3 min read12 Jul 2018Adani Gas Ltd bid for 32 licenses, while its joint venture with IOC bid for 20 city gas licenses
1 min read11 Jul 2018The govt is in the process of linking driving licences with Aadhaar to weed out fake licences and a software for this covering all states on a real time basis is under preparation, the Supreme Court was told
3 min read7 Feb 2018If the government goes ahead and implements the proposal to auction TV channel licences, the industry will see the smaller operators disappear
4 min read11 Jan 2018The 2G spectrum scam verdict means nothing for the telecom sector as most of the companies mentioned in the chargesheet have wound up operations
2 min read22 Dec 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
Exciting, sharp and clear analysis of the trends that matter, through data and charts. Plain Facts is published every weekday, with coverage spanning across themes, including corporate strategy to inflation to unemployment and emerging sectors. Follow us on #MintPlainFacts across social media.