A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.
A 2014 study had ranked IITs as fourth among the top 50 universities globally, whose graduates were entrepreneurial.
The important observation on the interpretation of the provision came in a judgement by which the top court directed National Disaster Management Authority to issue guidelines in six weeks for ex gratia compensation to families of those who died of Covid.
"The way my papa (Dharmendra) worked with and supported Atal ji (Atal Bihari Vajpayee), I am here today to work with and support Modi ji. My work will do the talking," Sunny said after joining the BJP in the presence of Defence Minister Nirmala Sitharaman and Minister for Railways and Coal Piyush Goyal.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
Hospitals in the national capital continued to grapple with a shortage of oxygen, saying they are still operating on the "beg and borrow" mode, while three of them also raised the issue before the Delhi high court on Monday, stating they were not receiving enough supplies.
Gandhi met the president and handed over a memorandum signed by two crore farmers demanding a repeal of the laws, saying they will not benefit farmers or labourers.
'Capital punishments have rarely acted as a deterrent. What we need to do is to make our society, our workplaces, our streets safe for women'
The proclamations came after various Hindu organisations in the US announced the addition of another major festival, an entire month of festivals, in October as the Hindu Heritage Month.
The PM CARES Fund is not a Government of India fund and the amount collected by it does not go to the Consolidated Fund of India, the Delhi High Court has been informed.
No immediate relief appears in sight as the India Meteorological Department issued a red alert for six districts which have been already pounded by downpour, forecasting "extremely heavy" rainfall and recommending preventive actions.
Even as their venture Snapdeal is clocking rapid growth, Kunal Bahl and Rohit Bansal are mentoring young entrepreneurs.
Strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the coronavirus variant Omicron.
Over four dozen representatives from various mass organisations were called for the two-day process in Kanpur, reports Siddharth Kalhans
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
With Katrina Kaif as brand ambassador, will Lenskart be able to steer customers away from local opticians and keep them loyal?
Indian Premier League franchise Gujarat Lions on Friday appointed former Indian middle-order batsman Mohammad Kaif as its assistant coach for the upcoming season starting April 5.
Telecom Minister Kapil Sibal was on Saturday given additional charge of the law ministry while Road and Transport Minister C P Joshi was entrusted with the charge of the railways ministry, following the resignation of Ashwani Kumar and Pawan Bansal on Friday.
The results of National Eligibility Cum Entrance Test (NEET) 2019 were declared Wednesday, June 5, 2019.
While the Hinduja brothers - Gopichand, Prakash, and Ashok Hinduja - did not indicate any move to begin talks with Vinoo Hinduja, top Indian lawyers said mediation would help both sides considering that the letter signed by the four brothers cannot trump other legal documents and challenge the validity of a registered will of SP Hinduja.
Divestment-bound Air India's pilot unions have rejected the paltry five per cent rollback in their salary cuts and warned of "industrial action" if there is no "substantial" reversal in their paycuts. In a joint letter to Air India chairman and managing director Rajiv Bansal on Thursday, the Indian Pilots' Guild (IPG) and the Indian Commercial Pilots Association (ICPA) said, "(The) pittance in the form of a five per cent decrease in the current wage cut is an outright insult, its sting magnified in light of our unwavering support and trust in this company." They said this "generosity" amounts to a reduction of about 3 per cent in the current gross pay cut for pilots. In April, Air India had reduced its pilots' salary by up to 70 per cent to partially offset the impact of the coronavirus pandemic on its finances.
The Delhi high court on Wednesday expressed concern over a large gathering of Afghan nationals protesting outside the UNHCR office and seeking refugee status, saying it could act as a super spreader of coronavirus as there is lack of adherence to Covid-19 appropriate norms.
Family members of people who committed suicide within 30 days of being diagnosed with COVID-19 will be entitled to Rs 50,000 ex-gratia assistance as per the guidelines, the Centre told the Supreme Court on Thursday.
Rather than lose direction with the Karnal protest, farmers decided to focus more on UP to defeat the BJP in the forthcoming assembly elections there, reports Nitin Kumar.
Filmmaker Ashoke Pandit hosted a wedding reception for his daughter Shaarika and son-in-law Tapas in Mumbai over the weekend.
Snapdeal to spend $1 billion on 5-6 acquisitions this year.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
Prime Minister Narendra Modi had announced the policy last month.
Flipkart, Jabong-Myntra and PhonePe will operate under this group structure and their CEOs will report to Binny
With the wedding season already in full swing, a few things to keep in minutes financially when tying the knot, advises Bindisha Sarang.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
The arrest of Railway Minister Pawan Kumar Bansal's nephew accepting a bribe of Rs 90 lakh has just added to Prime Minister Manmohan Singh's woes. Sheela Bhatt profiles the bribe-giver
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
The Delhi high court on Friday directed the Delhi government and the police to ensure that the number of Afghan nationals, protesting outside the UNHCR office in New Delhi and seeking refugee status, is suitably reduced and they strictly follow Covid-19 appropriate protocol.
The Supreme Court Thursday appreciated the Centre's step to grant ex gratia assistance to the kin of those who died due to COVID-19 saying it has to take judicial notice of the fact that what India has done, no other country has been able to do.
The new railway minister's biggest contribution would be to allow the technocrats in the Indian Railways to function freely.
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