'Binary fission will happen -- startups will lead to more startups.'
With TRAI's latest tariff announcements likely to make dial-up Internet access more expensive, the apex association for Internet service providers ISPAI will soon approach the telecom regulator and the communications ministry on the issue.\n\n\n\n
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
First things first: For those wondering if they need to reapply, the answer is no.
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.
Nadaaniyan's lack of charm, chemistry and cheek fails to create any ripples sighs Sukanya Verma.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
In a bid to expedite the processing of initial public offerings (IPOs), the markets regulator will now seek additional information from lead managers (LMs) when they file draft documents. Last week, the Securities and Exchange Board of India (Sebi) sent a letter to bankers, listing over two dozens of new disclosure requirements. The average time Sebi takes to clear the draft red herring prospectus (DRHP) - a document companies must file before accessing public funds - has dropped to less than three months in 2024 (until May 31).
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
The commerce department has reaffirmed its plans to launch the 'Trade Connect' e-platform to help exporters connect with stakeholders of international trade, as a part of the new government's 100-day action plan, a senior government official said.
Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to Rs 4,160 crore in the April-June quarter of 2024-25 compared to the year-ago period driven by an improvement in average revenue per user and an exceptional gain of Rs 735 crore. The company had posted a profit of Rs 1,612.5 crore in the same period a year ago. The consolidated revenue from operations of Bharti Airtel increased by 2.8 per cent to Rs 38,506.4 crore during the reported quarter from Rs 37,440 crore in the June quarter of the last year.
The department of information and technology (DIT) is considering an amendment in the Information Technology Act (IT Act) to facilitate this move, according to an internal note prepared by the department of telecommunications (DoT).
The representative body said there is regulatory imbalance.
Telecom Regulatory Authority of India has set the ball rolling for the second phase of telecom reforms with the issue of a consultation paper seeking the industry's views on review of key license conditions and capping the number of access providers.
'There is definitely a skill war, or a talent war going on.'
The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India's lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday.
Reliance Jio, India's top telecom operator, announced a 12-27 per cent hike in mobile tariffs -- the first in two and half years, setting the stage for other operators like Vodafone Idea to raise charges. The company has also restricted the access of unlimited free 5G services for customers. The hike comes immediately after the spectrum auction, as per the anticipation of sector experts.
With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
Governments need to proactively plan for attracting and retaining the next generation of talent for its civil services, an official report has said.
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
Company cites copyright issues but users irked by crackdown on VPNs
Some of the proposed policies have been welcomed by pilots and cabin crew, while others have sparked criticism.
Operators, including Tata Teleservices, have submitted the compliance report for messenger services to the department of telecommunications.
The government on Tuesday has directed telecom service providers, including Reliance Infocomm and Tatas, to submit compliance report on fixed wireless services, ensuring that they confine to the user premises, by March 31.
Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
As part of measures to curb unsolicited commercial calls, the government asked telemarketing companies on Wednesday to register themselves with telecom service providers and with the department of telecommunication.
Tech titan Google on Wednesday launched the Google Wallet app for Android users in India, allowing them to securely store essentials like boarding passes, loyalty cards, event tickets, and public transport passes. The digital wallet, which becomes operational in India from Wednesday, comes as a complementary service to existing payment app Google Pay, a top official said.
In a communication sent to all heads of central government hospitals, the ministry asked them to ensure adequate number of well secured duty rooms with basic amenities for female health professionals and deployment of women health professionals at night be preferably done in more than one in number.
Internet Service Providers on Monday told the Supreme Court that it is practically and technically impossible for them to block pornographic sites without orders from court and government and they cannot be made liable for the objectionable contents of the sites.
'He is the key to unravel the 26/11 conspiracy.'
In a major setback to Bharti Group which offers telecom services under AirTel brand, the Supreme Court has turned down its plea seeking refund of Rs 135 crore (Rs 1.35 billion) for surrendering five basic licences.
Telecom service providers have got 15 days more to finalise their tariffs under the revised IUC regime as Trai on Tuesday postponed its implementation in view of some of the operators seeking clarification on various issues.
'This year's detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.'
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
The Direct-to-Home service providers are cashing in on the confusion over the implementation the Conditional Access System in some areas of Delhi, Mumbai and Kolkata.
The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.
Armed with swanky showrooms, decked with plush fixtures, and offering indulgences such as high-end perfumes and customisable accessories, BMW, Mercedes, Audi are rolling out the red carpet for the well-heeled.
Transcript of Nikhil Pahwa's chat with Rediff readers.
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