the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
Can the finance minister manage our expectations, asks A K Bhattacharya.
Modi has appointed P K Sinha, who superannuated as cabinet secretary on Friday, as Officer on Special Duty (OSD) in the Prime Minister's Office (PMO), he said.
The move will deprive millions of the freedom to choose service providers without changing their phone numbers.
Do a straw poll of any business friends and you will laugh and weep at what they go through, points out Rahul Jacob.
India is set for decent growth in 2015.
The economic costs now beginning to show up in the hard numbers are far worse than initial expectations.
RIL has faced protests from local authorities, activists and residents across India campaigning against masts and roadworks.
State-owned Mahanagar Telephone Nigam Ltd has signed a deal with an Israeli firm and its Indian partner to expand the telecom giant's IPTV services, which will enable TV broadcasts through telephone lines.
Research-in-Motion, the Canada-based provider of Blackberry services, has assured Indian operators that it has come up with a solution to the contentious issue of allowing government security agencies to monitor the service without compromising data security.
Telecom regulator TRAI feels that there is some scope for further reduction in the bandwidth prices, which has the potential to cause a fall in the cost of telecom and IT as well as IT-enabled services in the country.
Mobile users can expect a sharp fall in tariffs and access to a range of sophisticated services if the government accepts recommendations by the Telecom Regulatory Authority of India to permit mobile virtual network operators.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Non-resident Indian businessman C Sivasankaran's Sterling Infotech group is in talks with the Seychelles government to lease an island for 99 years, on which it plans to build an integrated mega township and tourism project.
Bharat Sanchar Nigam Ltd has signed three agreements with Sri Lanka Telecom, including one for direct connectivity in international voice traffic
Meanwhile, on the contentious issue of roaming pact among leading service providers to offer 3G mobile services, the company seems to have hardened its stand by stating that they are ready to return the 3G spectrum to the Government and will take back the money if the roaming pact is not allowed.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
Retaining the same number while changing the service provider may become a reality for Indian subscribers, as the Telecom Regulatory Authority of India would issue a consultation paper on 'number portability' in a month's time.
Likely to seek FIPB approval to raise holding; deal could bring FDI of about $696 mn.
With 3G mobile services, which provide high-speed downloads of data, movies and videos, around six month away, mobile phone makers are getting ready to offer handsets for as little as Rs 3,500, against the currently available minimum price of over Rs 8,000.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
The money constitutes nearly 26 per cent of the total domestic borrowing of the Indian corporate sector in 2008-09.
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
The US and Europe are key markets for the over $ 140 billion Indian outsourcing sector.
Hiring intent in IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
Since he handled telecom, mining, shipping and transportation industries, we are looking into all his activities at the ministry. This could possibly be a case of industrial espionage," a senior police officer of the special cell, involved in the case's investigation told rediff.com.
Delhi Police have arrested a 1994-batch Indian Administrative Service officer, posted in the internal security division of the home ministry. Ravi Inder Singh, a deputy secretary of the West Bengal cadre, was under surveillance for over a month by the intelligence agencies.
To revive BSNL and MTNL, DoT is taking various initiatives.
15 per cent of startups in Silicon Valley are founded by Indians.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
Industry body Assocham on Monday said country's top CEOs are in favour of signing a specialised free trade agreement with the European Union in services.
Senior Indian Administrative Service officer P J Thomas was on Tuesday sworn in as the new Central Vigilance Commissioner amid a boycott by main Opposition Bharatiya Janata Party, which has been objecting to his appointment to the post in view of his alleged tainted background.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
'I could not get myself to accept a 300 per cent salary hike when armed forces veterans are forced to take to streets demanding equitable treatment for their pension,' says Rajya Sabha MP Rajeev Chandrashekhar.
As the nation woke up to images of Prime Minister Narendra Modi splashed across the front page of newspapers by Reliance Industries to announce the launch of its 4G services, Shiv Sena's Member of Parliament from South Mumbai, Arvind Sawant, was not impressed.
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