Latest news with #CybersecurityforLeadersProgram
Time of India
8 hours ago
- Business
- Time of India
Satcom spectrum allocation rules likely to be in place within two months
Rules for the allocation of spectrum for satellite communications services are likely to be in place within two months, a government official said on Monday. The spectrum allocation rules are the last lap that will enable Elon Musk-led Starlink, Bharti Group-backed Eutelsat Oneweb and Jio SES to apply for the radiowaves and start rolling out their services. Explore courses from Top Institutes in Please select course: Select a Course Category others Data Science Others Management CXO Design Thinking PGDM Artificial Intelligence Cybersecurity Data Science Digital Marketing Project Management Healthcare Public Policy Operations Management Technology Data Analytics MBA Finance Degree healthcare Product Management Leadership MCA Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details "Spectrum allocation rules are likely to be fixed in two months. After that, it will be at the discretion of satcom services when they want to roll out their services," the official said. The Telecom Regulatory Authority of India (Trai) has recommended that the government should allocate spectrum without auction and through an administrative process-- a move that has seen huge resistance from telecom operators Reliance Jio and Bharti Airtel initially. The regulator has suggested that spectrum for satcom services can be for a period of up to five years and considering the market conditions, the government may extend it for a further period of up to two years. Live Events Trai has suggested that spectrum charges for both GSO-based and Non-Geostationary Orbit (NGSO) Fixed Satellite Services should be levied at 4 per cent of adjusted gross revenue (AGR). OneWeb and Starlink fall into the LEO (low earth orbit) category which are considered to be Non-Geostationary Orbit (NGSO) satellites. Besides, NGSO-based Fixed Satellite service providers should also pay an additional per subscriber charge of Rs 500 per annum in urban areas while exempting the rural and remote areas from this additional charge. While allaying the threat to land-based telecom networks from satcom services, Union Minister Pemmasani Chandra Sekhar said that Musk-led satellite communication services provider Starlink can have only 20 lakh connections in India with a peak speed of 200 megabits per second. A government official mentioned that the limit on Starlink connections is due to its existing capacity. The minister said that the upfront cost for satcom services will be too high and the monthly cost may be around Rs 3,000.
Time of India
9 hours ago
- Business
- Time of India
RBI proposes easing business authorisation norms for urban cooperative banks
The RBI on Monday proposed to replace the existing norms for urban cooperative banks (UCBs) with a harmonised eligibility criteria for certain business authorisations, permissions and approvals. The Reserve Bank has proposed that large UCBs (falling in Tier 3 and Tier 4 categories) which are in compliance with eligibility criteria for business authorisation (ECBA) and having a minimum assessed net worth (ANW) of Rs 50 crore may extend their area of operation beyond the state of registration, subject to prior approval of the Reserve Bank. Explore courses from Top Institutes in Please select course: Select a Course Category others CXO Finance Design Thinking Technology Others Data Science Data Science Data Analytics Product Management Operations Management Leadership Artificial Intelligence Digital Marketing MCA Healthcare Public Policy Degree PGDM Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The UCB would be permitted to extend its area of operation to a maximum of two states in a financial year, subject to the availability of adequate headroom capital required for opening at least five branches in each proposed state, said the draft Master Direction - Business Authorization for Co-operative Banks (Directions), 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo A UCB may extend its area of operation to the whole of its district of registration without prior permission from the RBI, it said. "A UCB in compliance with ECBA may extend its area of operation to a maximum of three districts of its choice within its state of registration (other than its district of registration), without prior permission from the Reserve Bank," said the draft on which the RBI has invited comments till August 25, 2025. Live Events A bank will be considered as fully complying with ECBA if it meets certain criteria, including regulatory minimum applicable CRAR for the bank, net NPAs of not more than 3 per cent, and net profits during the preceding two financial years. The RBI has categorised UCBs in four tiers for regulatory purposes. UCBs with deposits of more than Rs 1,000 crore and up to Rs 10,000 crore fall in Tier 3 and those with deposits of more than Rs 10,000 in Tier 4. The draft also said a bank should determine its compliance with the ECBA every year based on the audited financial statements as of 31 March of the immediately preceding fiscal year and place it before its Board within 30 days from the date of adoption of the audit report.
Time of India
a day ago
- Business
- Time of India
Gold hits near two-week low after US, EU agree to tariff deal
Gold prices fell on Monday to their lowest in nearly two weeks, as a framework trade agreement between the United States and European Union reduced appetite for safe-haven assets . FUNDAMENTALS Explore courses from Top Institutes in Please select course: Select a Course Category others Finance Others MCA Design Thinking Digital Marketing Management Data Science Leadership Artificial Intelligence Product Management Data Science healthcare Healthcare CXO Data Analytics Public Policy Technology Project Management PGDM Degree MBA Cybersecurity Operations Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details * Spot gold was down 0.1% at $3,332.39 per ounce, as of 0020 GMT, after touching its lowest level since July 17. * U.S. gold futures edged 0.1% lower to $3,332.50. * The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade. Live Events * The agreement mirrors key parts of the framework accord reached by the U.S. with Japan, but like that deal, it leaves many questions open, including tariff rates on spirits, a highly charged topic for many on both sides of the Atlantic. * Investor sentiment improved following the deal, with European currencies and U.S. stock index futures trading higher. * Senior U.S. and Chinese negotiators will meet in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce keeping sharply higher tariffs at bay. * The U.S. dollar index eased 0.1%, making greenback-priced bullion less expensive for overseas buyers. * The Federal Reserve is widely expected to leave its benchmark interest rate in the 4.25%-4.50% range at the conclusion of a two-day policy meeting on Wednesday. Fed Chair Jerome Powell has indicated the central bank should wait for further economic data before making any rate adjustments. * U.S. President Donald Trump said on Friday he had a positive meeting with Powell, suggesting the Fed chief might be inclined to lower rates. * Spot silver was up 0.1% at $38.17 per ounce, while platinum gained 0.9% to $1,413.50 and palladium rose 0.5% to $1,225.25.
Time of India
6 days ago
- Business
- Time of India
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. Explore courses from Top Institutes in Please select course: Select a Course Category others MBA Leadership Product Management Artificial Intelligence Data Science Project Management CXO Finance Digital Marketing Data Analytics MCA Cybersecurity Management Others Design Thinking healthcare PGDM Operations Management Degree Public Policy Technology Data Science Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. Live Events As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue.
Time of India
6 days ago
- Politics
- Time of India
Admitted or submitted? Crucial technicality over Justice Varma motion in spotlight after Dhankar's exit
Former Vice-President and Rajya Sabha Chairman Jagdeep Dhankhar 's abrupt resignation on Monday has stirred a constitutional and political storm, particularly over his handling of a motion seeking the removal of Allahabad High Court judge Yashwant Varma. At the centre of the controversy is a crucial legal distinction: was the notice filed by 63 Opposition MPs merely submitted , or was it admitted by Dhankhar? That difference isn't just semantic—it could determine who gets to pick the three-member panel that will examine the charges against Justice Varma. Explore courses from Top Institutes in Please select course: Select a Course Category others Management Leadership Digital Marketing Public Policy PGDM Healthcare Design Thinking Operations Management Finance Artificial Intelligence Cybersecurity Product Management Technology MCA Data Science MBA Project Management Data Analytics healthcare CXO Data Science Others Degree Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More A move that upset the govt According to TOI sources, Dhankhar earned the ire of the ruling establishment by taking cognisance of the Opposition's Rajya Sabha notice for initiating proceedings against Justice Varma. This, despite the government having already signalled its preference to initiate the process in the Lok Sabha, backed by signatures from 145 MPs across party lines. That notice had been submitted earlier on Monday to Speaker Om Birla. Live Events While Dhankhar's move may have been procedurally valid—the Rajya Sabha notice had the required minimum of 50 signatories—it was seen by the government as undermining its broader strategy to build an all-party consensus on the judge's removal. Notably, the Rajya Sabha motion was signed only by Opposition MPs. The Legal Tangle: Submission vs Admission In a statement made in the Upper House on Monday afternoon, Dhankhar referred to the Judges (Inquiry) Act, 1968, noting that when such notices are received in both Houses on the same day, no inquiry committee can be formed unless the motion is admitted by both. If admitted in both Houses, the Speaker and the Chairman are to jointly form the committee. Crucially, however, he stopped short of stating that he had formally admitted the motion, instead noting that it met the numerical requirement. He also argued that the Speaker or Chairman has no discretion to reject or admit such a motion if presented simultaneously in both Houses—a claim that legal experts say is not explicitly supported by the 1968 Act. He directed the Rajya Sabha Secretary General to initiate further steps, a move that suggested at least partial procedural endorsement. Who will decide now? With Dhankhar's resignation accepted by President Droupadi Murmu, Deputy Chairman Harivansh has taken over as officiating Rajya Sabha Chairman. His next steps will be closely watched. 'There's no guarantee he will back Dhankhar's reading of the situation,' a senior official told TOI. "In any case, he has no special interest in matters concerning judiciary and is unlikely to diverge drastically from the speaker in the choice of the members of the inquiry panel," the source further said.
