New Delhi, July 10 (IANS) Messaging platform Telegram has submitted its reply to the Ministry of Electronics and Information Technology’s (MeitY) notice on its ‘username’ feature, following a similar response from WhatsApp, according to sources.The government is currently examining the submissions made by both messaging platforms, according to them.The ‘username’ feature allows users to communicate without sharing their mobile phone numbers, a functionality that has drawn the Centre’s attention …

Mumbai, July 10 (IANS) The Sixth Maharashtra Finance Commission (FC), chaired by Dr Nitin Kareer, tabled in the Maharashtra Legislature on Friday, has recommended an annual devolution of 27.3 per cent of the State’s Own Tax Revenue (SOTR) to local bodies, marking a strategic shift towards financial decentralisation and structural reform. The existing 26.3 per cent devolution rate will be increased by an additional 1.0 per cent of SOTR. This combined fund will be split, with 55 per cent allocated…

New Delhi, July 10 (IANS) The Forum for Internet Retailers, Sellers and Traders (FIRST) — an association of online retailers under the India SME Forum — has approached the Competition Commission of India (CCI) alleging that Flipkart engaged in predatory and discriminatory business practices that distorted competition on its marketplace, according to a report.NDTV Profit reported that according to the complaint, FIRST alleged that Flipkart’s GST avoidance created a pool of nearly Rs 3,000 crore…

Mumbai, July 10 (IANS) In a major relief to the agrarian community, the Maharashtra Chief Minister Devendra Fadnavis on Friday announced to modify a crop loan waiver scheme aimed at pulling distressed farmers out of debt traps and keeping them away from private moneylenders. Brushing aside criticisms regarding the timing of the announcement, the Chief Minister emphasised that the decision was driven solely by farming distress and not by electoral gains, saying, “We could have waited until 2029 s…

New Delhi, July 10 (IANS) India’s electric vehicle components market is expected to expand eightfold from Rs 41,000 crore in 2025 to Rs 3.55 lakh crore by 2032, a report said on Friday.The report from India Energy Storage Alliance and Customized Energy Solutions said battery packs, motors and power electronics will drive unprecedented growth in the domestic EV supply chain.The report unveiled at India Energy Storage Week 2026 at Yashobhoomi (IICC), here, projected a compound annual growth rate…

Mumbai, July 10 (IANS) Reliance Infrastructure Limited on Friday said its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), resulting in a debt reduction of more than Rs 1,100 crore and the withdrawal of insolvency proceedings against the company.In a regulatory filing, Reliance Infrastructure said MMOPL — a joint venture in which it holds a 74 per cent stake and the Mumbai Metropol…

New Delhi, July 10 (IANS) The Central government’s decision to rationalise customs duties on capital equipment and critical inputs for electronic good production will deepen domestic value addition and attract investment, industry bodies said on Friday.The government has rationalised duties for inputs in lithium‑ion battery cell manufacturing, display assemblies and wireless charging inductor coil modules.Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) …

New Delhi, July 10 (IANS) SBI Funds Management Ltd — which is set to launch its initial public offering (IPO) next week — has disclosed in its Red Herring Prospectus (RHP) that it is unable to trace certain historical corporate records and warned that it cannot assure investors that no legal or regulatory action will be initiated in the future over the missing filings.”We are unable to trace certain secretarial records, including the form filings made by our Company and certain corporate recor…

New Delhi, July 10 (IANS) The government on Friday issued clarifications on certain media reports regarding functioning of designated 1600 series and 140 series, which could potentially lead to misinformation or misinterpretation of operation of these designated series.According to the TRAI, the 1600 series numbers are mandated for service and transaction calls by regulated entities of BFSI sector.These calls are for entities regulated by RBI, SEBI, IRDAI and PFRDA to their existing customers an…

Mumbai, July 10 (IANS) Domestic equity benchmarks ended about 1 per cent higher each on Friday, extending their gains on the back of strong buying in information technology (IT), financial stocks, and realty stocks.Nifty settled at 24,206.90, up 244.10 points or 1.02 per cent. Similarly, Sensex climbed 827.57 points or 1.08 per cent to close at 77,569.39.The rally was led by IT and realty stocks, with the Nifty IT index rising around 2 per cent to emerge as the top-performing sector. Financial s…