RJio's aggressive plans will lead to significant impact on listed companies in this space
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
A bench of Chief Justice J S Khehar and Justice D Y Chandrachud said the parties should appear before the Constitution bench and formulate issues to be taken up for the hearing.
'We always believe that if you focus on the goal, you will overcome all obstacles. If you focus on the obstacles, you will never achieve your goal.'
This puts an end to Facebook's Free Basics and Airtel's zero rating plans in India.
Govt wants to up investment in Railways
The oil-to-telecom conglomerate reported an 8.8 per cent rise in its consolidated net profit to Rs 10,251 crore, or Rs 17.3 per share, in the third quarter ended December 31, 2018.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Facebook is fast learning the limits of tech exceptionalism.
Revenue decline has left the operators with little money to service their mostly 3G and partly 4G infrastructure leading to poor data and voice quality.
Assocham president Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of income tax, value-added tax, and GST, and compensation, payments to discoms in the power sector, fertiliser subsidies, etc.
The new entity will continue to work on technologies in areas like healthcare and education, while also looking at next-gen competencies like artificial intelligence, Blockchain, virtual and augmented reality, among others.
That's because India does not have a serious venture capital industry with an appetite for risk, observes T N Ninan.
Netflix and Amazon Prime gain market share at the cost of Indian platforms Hotstar, VOOT, Jio Cinema.
Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.
The department of telecom has issued showcause notice to overseas telecom carriers AT&T and MCI Worldcom and network solutions company Equant for allegedly providing end-to-end managed data services without approval.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
'It is important that students not focus on the remuneration that the job fetches in the first year, but look at the next 5 year journey with that job role.'
More people are opting for services industry over the traditional ones.
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.
The recovery was led by information technology exporters.
On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.
Aircel plans to launch 3G services before the cricket World Cup
On the Sensex chart, Sun Pharma was the top loser, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.
Benchmark indices finished higher on hopes of economic reforms
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
Kotak Bank was the top laggard in the Sensex pack, shedding over 2 per cent, followed by ITC, PowerGrid, M&M, HDFC, Asian Paints and NTPC. On the other hand, Maruti rallied over 4 per cent. Bharti Airtel, Axis Bank, IndusInd Bank and Bajaj Finance were also among the gainers.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Complaint says Singapore Telecommunications sold services illegally in connivance with Bharti and Tata Communications.
Facebook on Thursday announced that it has shut down Free Basics in India.
IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
COAI sid the huge volume of traffic from RJio will pull down the weighted average voice realisation for other operators from 30-40 paise to 22-25 paise per minute or lower
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