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Exclusive: Pakistan To Auction Extra Telecom Spectrum; Seeks $1 Billion - Sources

Pakistan will this week begin the process of selling unused telecom spectrum in an auction it hopes will raise around $1 billion and enhance network capacity, said three senior government officials familiar with the matter.
Amendments to Companies Law Get President Kovind's Assent

President of India Ram Nath Kovind has accorded assent to the bill, according to a notification dated September 28. The bill has now become an Act, the official said.
Credit Demand from Priority Sectors Drops to 1.9 Percent in June Quarter: Report

To help small business tide over the impact of the pandemic, the government has offered credit-driven boost to the economy.
RBI Defers CCB Implementation by Six Months Due to Covid-19

Accordingly, the minimum capital conservation ratios shall continue to apply till the CCB attains the level of 2.5 per cent on April 1, 2021, the RBI said.
RBI Appoints Director on Board of Dhanlaxmi Bank for 2 Years

In a regulatory filing, Dhanlaxmi Bank said the banking sector regulator through a letter dated September 28, 2020, has appointed D K Kashyap, General Manager, Reserve Bank of India, Bengaluru Regional Office as Additional Director on the board of the bank.
Richest Indians: Mukesh Ambani's Net Worth Shoots Up 73% to Rs 6.58 Lakh Cr, Adani Moves Up in Rankings

Ambani, 63, who has been selling stakes in telecom and retail arms lately leading to a strong performance in the Reliance Industries stock price, is also in the top five at a global level, the report prepared by Hurun in association with IIFL Wealth said.
RBI Gives More Time to States to Avail Additional Market Borrowing, Overdraft Facility

On a review, it has been decided to extend the measures announced on April 17, 2020 and April 7, 2020 with regard to increase in WMA Limits of states/UTs and overdraft (OD) regulations, respectively, for a further period of 6 months till March 31, 2021, the central bank said in a press release.
India Among World's Worst Performing Economies, Govt Stimulus Inadequate: Abhijit Banerjee

The Nobel laureate Banerjee said India's economic growth had been slowing down even before the COVID-19 pandemic hit, adding it will be better in 2021.
Exclusive: Rosneft, Aramco Unlikely To Bid For India BPCL Privatisation - Sources

Oil majors Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner cCorp, sources familiar with the matter said, as low oil prices and weak fuel demand curb their investment plans.
Russia's Rosneft, Saudi Aramco Unlikely to Bid for BPCL Privatisation: Report

Russia's Rosneft had expressed interest in buying the federal government 53.29% stake in Bharat Petroleum (BPCL) when CEO Igor Sechin visited New Delhi in February, while India's trade minister had said Aramco was enthusiastic about the stake sale opportunity.