Indian telcos have been able to garner over 20 million 5G customers in less than four months after the official launch of the service last October, according to industry estimates. With telecom operators like Reliance Jio and Bharti Airtel aggressively rolling out their 5G services in over 190 cities across the country to date, India is now only behind China and the US in terms of the number of cities in a country where 5G services have been extended. Top executives in telcos say that the number of 5G subscribers in India is a conservative estimate and that it will rise as the roll-out gains momentum.
Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
Here's why you can claim tax deduction on interest paid on your home loan as well as claim deduction on house rent alowance.
The announcement came hours after South Africa lost their three-match Test series in England.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
Modi said the new Parliament reflected the aspirations and resolve of the "new India" to set and work towards achieving new targets.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
If rules govern a romantic relationship, Priyanka Chopra and Nick Jonas are breaking them in style.
Its association with India is over 70 years old and spans both civil and military aviation. The Douglas DC-3 transport aircraft used by the air force beginning the 1940s and the iconic Boeing 747 aircraft flown by Air India, both had Pratt & Whitney (P&W) engines. The Indian Air Force's present-day, heavy-lift C-17 Globemaster III and the yet-to-be-inducted C-295 planes, too, have P&W power plants.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
British Prime Minister David Cameron has signed up to the popular dating app Tinder in an attempt to connect with young voters ahead of the next month's referendum on the country's membership of the European Union.
The Institute of Chartered Financial Analysts of India University, Tripura has announced admission to various degree and post degree programmes.
Measures reportedly being mulled by the government to ease telecom industry's stress and fundraising may give Vodafone Idea the much-needed breather, but structural issue undermining the sector can be fixed only with "sizable" tariff hike for 4G prepaid customers, according to a note by Edelweiss. It further observed that as Voda Idea's large liabilities are falling due, and given the impending launch of JioPhone Next (whose rollout timeline has now been pushed to before Diwali), "the sooner the government measures as well as tariff hikes are rolled out, the better it is". It is pertinent to mention here that the telecom sector has been keenly watching out for the relief package, which could include redefinition of Adjusted Gross Revenue (AGR) to exclude non-telecom items, cut in levies such as Spectrum Usage Charges and easier terms and conditions for surrendering radiowaves to the government.
Derivatives are financial instruments that are derived from an underlying asset's value
Justice SK Kaul was among those seated on the dais with Chief Justice DY Chandrachud, when the president narrated her experience of meeting several undertrial prisoners as an MLA in her native Odisha and later as the governor of Jharkhand.
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What's different this time is that global financial stress -- which has its genesis in four policy choices made in recent years -- is juxtaposed with a more resilient real economy, observes Sajjid Z Chinoy, chief India economist at J P Morgan.
The apex court said there is no legal mandate that pensioners who held the same rank must be given the same amount of pension as it upheld the Centre's decision to give OROP in defence forces.
Siva Prasad Nanduri, chief business officer, TeamLease Digital, outlines the skills that will help you get a job in 2023.
A stay order could have paved the way for Gandhi's reinstatement as Member of Parliament (MP).
Going through the credit report regularly will make you aware of a number of issues. One is identity theft.
Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
Eleven bidders, including Adani Enterprises, have shown interest in the first-ever coal import tender issued by national miner Coal India (CIL). Recently, state-owned NTPC awarded 6.25 million tonnes (mt) of imported coal tender worth Rs 8,300 crore to Adani Enterprises. CIL, in a public statement on Tuesday, said: "The prominent Indian agencies among them (11 coal importers) were Adani Enterprises, Mohit Minerals, and Chettinad Logistics. "A couple of coal exporting agencies from abroad, including one from Indonesia, have also shown interest," it said.
Buy from an established agent rather than a novice who may not be around when you need his assistance.
'Who should I date?' This question hovers in our minds in our 20s. Here's how you should evaluate the one you like.
Sharma's remark on the Prophet during a TV debate had triggered protests across the country and drew sharp reactions from many Gulf countries.
Bollywood is ready with its line-up of theatre releases, but it remains to be seen whether we will get to watch these movies in theatres this year.
The king and his wife, Camilla, the queen consort, travelled from Buckingham Palace to Westminster Abbey -- a distance of 2.2-km -- at a stately pace in the Diamond Jubilee State Coach bearing a gilded crown, which was commissioned for Queen Elizabeth II in 2012.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
The bench said the petition has relied on a March 2 verdict of the apex court which had ruled that the appointment of the Chief Election Commissioner and ECs will be done by the President on the recommendation of a committee, comprising the prime minister, Leader of the Opposition in Lok Sabha and the CJI, to maintain the "purity of election".
Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter. Year-on-year (YoY) net sales growth in Q3 will come in at nearly 7 per cent, shows Bloomberg data, while bottom-line growth will show a sharp decline of 25 per cent from a year ago. The earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely decline by nearly 5 per cent versus a year ago, shows data.
Media company New Delhi Television (NDTV) recorded its highest-ever consolidated profit at the group level in over a decade for financial year 2021-22 (FY22), said co-chairpersons Radhika Roy and Prannoy Roy in the firm's latest annual report. Addressing shareholders, the Roys, founder-promoters of NDTV, said the company had emerged financially strong in FY22, continuing the turnaround of recent years. "Both the television and digital branches of the NDTV group reported their highest-ever profit. NDTV Ltd (television arm) recorded a profit of Rs 59.18 crore.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
The Supreme Court on Thursday asked the Centre whether social welfare benefits can be granted to same-sex couples without going into legalising their marriage.
According to dealers, the spot rupee would have reached higher but for the continuous Reserve Bank of India intervention in the foreign exchange market.
18-year-old Carlos Alcaraz entered the top 10 at the same age, on the same date and after a triumph in the same tournament as compatriot and 21-times major winner Rafael Nadal did in 2005.
An Indian man, who was pursuing an MBA in the United Kingdom, died after being struck by a train at a London Underground station in the capital's southwest, authorities said on Monday.
The Congress on Thursday said former party chief Rahul Gandhi will file an appeal against a Gujarat court verdict holding him guilty in a 2019 criminal defamation case, and alleged that the government was after him for speaking the truth and bringing to light its 'misdeeds'.
Sunil Shetty makes his OTT debut. Chiranjeevi comes calling. Parvathy Thiruvothu, Nithya Menen and Amruta Subhash provide enchanting viewing. Santa Claus gets ready to retire.
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