Friday will be a landmark day for domestic markets, with all the listed stocks entering the professed T+1 (trading plus one day) settlement cycle. About 200 stocks, which account for more than 80 per cent of India's market capitalisation, will be settled on a next-day basis, with effect from January 27. This will evidently complete the transition to the T+1 cycle that started in February 2022 with the bottom 500 stocks in terms of market value.
By the end of December 2021, India had 389 million users who did not have access to mobile Internet, while there were 765.8 million mobile Internet users in the country.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
Liberalization and telecom reforms are known to be necessary to hasten growth in tele-density.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
'All Pakistan army chiefs follow a consistent line as far as India is concerned.'
Reliance Jio accuses COAI of malafide intention.
The Association of Unified Telecom Service Providers of India, the CDMA operators' body, said mobile services could become dearer by 28 paisa per minute if the recommendations by the Telecom Regulatory Authority of India are accepted in their current form.
E-way bill generation, which is related to paying Goods and Services Tax (GST) and a key high-frequency indicator of economic activity, may have fallen to a five-month low in April as more cities experience lockdowns due to a surge in Covid-19 cases. In April e-way bill generation may decline to 55-58 million, which is the lowest since at least November. On the higher side, it is a 17 per cent decline over March.
To bring clarity, the department clearly defines terms such as promoter and competitor.
The attack reflects the open schism in the association, in which TTSL is a new member with other Unified Access Service Licence holders such as Loop Telecom , Etilasat DB, Uninor and STel. The older, established, operators are represented by Bharti, Vodafone Essar and Idea Cellular.
Lady Gaga will perform the national anthem. There will be a musical performance by Lopez, who has used her voice during the coronavirus pandemic to speak out against its disproportionate toll on minority communities.
The ISPs had already made a presentation to telecom minister Kapil Sibal to request his help in such a process if the government did not want to continue with the current ISP regime.
Newer telecom operators and dual technology entities are opposing the department of telecommunications (DoT)'s decision to ask the Telecom Regulatory Authority of India (Trai) to give its view on whether the price of spectrum being offered in the coming 2G auction should be valid for 10 years instead of 20 years.
Cellular Operators Association of India, the association for GSM operators, has taken legal opinion which clearly states that the government cannot go in for auctioning of 2G spectrum and deprive them of additional spectrum.
As per the initial version of the Unified Licence on August 2, DoT had exempted Internet services revenue from adjusted gross revenue -- part of telecom company's earnings on which annual licence fee is levied.
The lobby group of CDMA mobile players like the Reliance Communications and the Tatas has accused that the government was favouring the GSM players while deciding the criteria for spectrum allocation and in its pricing.
Terming the new unified licence regime to be in the interest of the consumers, the Centre has informed the Supreme Court that tariff reduction in telecom services fuelled by competition was not to the liking of cellular operators.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
A summary of sports events and persons who made news on Friday.
Faced with the threat of losing tax holiday due to the delay in starting operations, COAI has sought a year's extension upto April 2005 for the unified access service licencees, who got the licences in the first quarter of 2004.
The private cellular operators have asked the Telecom Regulatory Authority of India to consider fixing the annual licence fee at 6 per cent across all segments, as part of full unification of telecom services.
as journalists active in Pakistani media have been quick to point out, with Ghafoor at the helm in Balochistan, no one will take seriously any claims by the civilian leadership to use the velvet glove to work for peace there, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.He did not hesitate to pejorate developments in India at the slightest opportunity, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Delhi High Court says it can do so under the TRAI Act, rejects petitions filed by telecom associations.
The Internet & Online Association of India has announced the appointment of Neville Taraporewalla, country head, Yahoo Web Services India Pvt Ltd, as its chairman and Mahendra Swarup, CEO, Times Internet Ltd, as the vice chairman.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
DoT plans to initiate move that might lower the revenues telcos share with government.
The CDMA-based mobile subscriber base of private operators touched 80.68 lakh (8.06 million), adding 343,000 customers in June this year.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
Once launched, RJio services will cover over 18,000 towns and over 200,000 villages across all the 22 service areas of the country
The petitioner had sought enforcement of existing laws on call drops.
The ongoing arguments in the case remained inconclusive and would continue on August 5
Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar.
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