The US is set for a geographically limited 5G rollout this Christmas, after a bumper $81 billion spectrum auction earlier this year. Just as the rollout date nears, the US Federal Aviation Administration (FAA) has sounded alarm bells over potentially fatal consequences of 5G interference on aircraft. Similar consequences could apply in India, where 5G spectrum auction is scheduled in January 2022, with the rollout beginning later next year (though reports suggest impending delays).
Modi cautioning that cryptocurrency can spoil the youth.
Yes Bank led the laggard's list on the Sensex with a nearly 10 per cent drop after Moody's Investors Service downgraded the private sector lender's ratings. Other top losers were SBI, IndusInd Bank, Tata Motors, Mahindra and Mahindra and HDFC.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
A hot sale of a Chinese product, whether assembled in India or anywhere else in the world, may make the country of origin rule fall by the wayside. Moreover, its execution is challenging for businesses as there are no clear guidelines or definitions from the authorities on what constitutes 'country of origin'.
'Remote Working/Work from Home' strategy has been activated to aid social distancing in the impacted regions. Travel advisory across the organisation has been issued with full precautionary measure.
Importers will now have to provide sufficient proof to the domestic customs authorities that the goods being imported have a minimum 35 per cent value addition in the country from which it is being exported to India.
The Big Two telecom companies have accelerated their moves towards this next-gen technology, though they have chosen very different routes to getting there.
On the Sensex chart, Sun Pharma was the top loser, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.
India on Monday said it could consider imposing "some kind of safeguard duties' on Chinese imports to bridge the huge trade gap as it cannot be sustained in the long run.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
'When an enemy country is looking for information to sabotage a system from a remote location, they can access your data, they can stop the functioning of our power plants, they can stop the functioning of critical systems in the network.' 'It is very important that we should have full control of everything in the network.' 'Most Indian companies buy from China only because of the kind of incentive they are getting.' 'By doing so, these Indian companies are exposing themselves to dangers in the coming years.'
Prime Minister Modi told President Xi that he has made efforts to improve ties with Islamabad but these efforts have been "derailed".
The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
'For equities, inflation trending upwards but within the range of expectations can actually be a big positive as it helps earnings and may shift flows from bonds to equities.'
On the volume side, the number of M&A and PE deals was 110 in July, 15 per cent lower from 130 in July 2018.
The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.
Prudence demands that in our enthusiasm for expanding our economic ties with China, we should not allow suspect companies such as Huawei a free run of our country and access to our communications network, which could facilitate their collection of intelligence in times of peace and war and paralyse our critical infrastructure during any military conflict.
Finnish telecom giant Nokia has entered into a joint venture with China Putian Corp to develop and market third-generation (3G) mobile telecommunication technology.
Important for Chinese President Xi Jinping will be Zhao's discussions on the issues of Tibet and the Dalai Lama and his assessment of the likely results of India's coming national elections, notes former senior RA&W officer and China expert Jayadeva Ranade.
Sunil Mittal-owned Bharti Airtel had acquired 70 per cent stake in Warid Telecom of Bangladesh for $300 million (about Rs 1,363 crore) earlier this year.
Internet, tech, infra, realty in India might gain
Will come out with a response on the issue shortly.
Indian policy-makers must see the choices before them as economic, not moral, ones, says Ajit Balakrishnan.
Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds.
Reliance Industries, which sold stake worth $21.7 billion in Jio Platforms, kept the league tables moving in spite of the pandemic.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
The world has 1,210 billionaires with a combined wealth of $4.5 trillion.
Bajaj Finance was the biggest gainer in the Sensex pack, spurting 3.64 per cent. Tata Motors, Infosys, Vedanta, ONGC, PowerGrid, NPTC, Axis Bank, ICICI Bank, Kotak Bank, SBI, HDFC Bank, Tata Steel, TCS and RIL too rose up to 3.48 per cent.
The telecom ministry has asked mobile operators to disconnect mobile phones without the IMEI number from December 1.
The mobile -- billed as the world's slimmest phone at 6.5 mm thick -- will go on sale in 31 markets, including Britain, Germany and China, starting this month for 449 euros ($630) without a SIM card or service contract.
The auction will help operators augment expansion of high-speed 4G voice and data services in the world's second largest mobile phone market.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
While discretionary spend by global enterprises is likely to negatively impact all Indian IT firms, more revenues from products and less exposure to financial services segment are likely to lessen the impact for HCL Technologies and Tech Mahindra.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
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.
