Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
An internal committee of Department of Telecom had alleged that Bharti Airtel had continued to route national and international calls as local calls under a scheme till 2005 despite being told to stop it in 2003.
The promise of a less suspicious government is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan.
'Some of his decisions were not so good, but his intentions were always guided by a deep national interest.'
Wearing garlands, the farmer leaders, who had called for observing 'Sadbhavana Diwas' (Harmony Day) on Saturday after the immense outrage over violence by protesters during their Republic Day tractor rally, sat on the dais during the fast, as crowds of supporters swelled, especially in Gazipur where the Bharatiya Kisan Union is leading the protest.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
The annual Amarnath yatra to the 3,880-metre high cave shrine in the south Kashmir Himalayas will commence on June 28 and culminate, as per the tradition, on the day of Raskha Bandhan festival on August 22, officials said.
Roaming will be cheaper by up to 23 per cent.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
The draft report of the Joint Parliamentary Committee on 2G scam is critical of the decision taken by the then National Democratic Alliance government to grant concessions to telecom operators over non-recovery of "huge amount" of licence fee despite opposition by then Telecom Minister Jagmohan.
The telecom major at present has footprints in MP-CG, Punjab, Haryana, UP-East, UP-West, Gujarat and Bihar circles.
Jammu and Kashmir "was, is and shall forever" remain an integral part of India, a top Indian diplomat asserted at the UN Human Rights Council's meeting in Geneva on Wednesday, a day after Pakistan sought the international community's intervention on the Kashmir issue. Speaking at the 43rd session of the UN Human Rights Council which is being held in Geneva in Switzerland from February 24 to March 20, Vikas Swarup, secretary (west), the ministry of external affairs, described Pakistan as the "epicentre of global terrorism".
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
Vodafone had contended in its plea that DoT instead of signing and executing the ULs had at the last moment informed them that their request for deletion of 'restrictive' clauses in licence pertaining to roaming cannot be accepted.
Telecom operators have cited shutting down of mobile towers and lack of spectrum, as the major reasons for call drops
The fine is based on the loss estimated by internal committees of DoT to the national exchequer due to violation of licence norms by Vodafone.
The Minister was talking to media on sidelines of a function organised by Department of Telecommunication for new version of Internet addresses, IPv6.
A high-level meeting will be convened soon to decide on probing the India operations of Chinese Telecom companies -- 'Huawei' and 'ZTE' -- against the backdrop of the US calling the two firms a threat to American national security.
ICICI Bank was the top laggard in the Sensex pack, sinking over 10 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Maruti. Bharti Airtel and Sun Pharma were the gainers in the BSE index. NSE Nifty suffered a heavy loss of 566.40 points, or 5.74 per cent, to settle at 9,293.50.
The companies are being probed into for alleged corruption in spectrum allocation during NDA regime.
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.
The government on Friday put on hold the preferential market access (PMA) policy that provided for sourcing of sensitive telecom and electronic equipments and technology from domestic manufacturers over security concerns.
'The events of 2020 have actually put our relationship under exceptional stress.' What External Affairs Minister Dr Subrahmanyam Jaishankar told the All India Conference of China Studies on Thursday, January 28, 2021.
Sibal, who is also looking after the telecom ministry, claimed that change of telecom policy by the then communication minister Pramod Mahajan in 1999 from the auction model to the revenue share model eventually led to the first come first serve controversy of 2001.
Earlier, only access to white-listed sites was allowed as the service was restored for a week on January 25 and subsequently extended from time to time, after being snapped on August 5 last year when the Centre abrogated the special status to the erstwhile state and bifurcated it into two union territories.
Apple's latest smartphone, the iPhone 5, has made it to Indian markets 42 days after its US launch.
The case is likely to come up for hearing on Monday.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
The apex court had on December 4 last year, reserved the verdict after hearing counsel for corporate honchos and the Central Bureau of Investigation.
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.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Clearly, the extra borrowing of Rs 4.2 trillion the government has planned so far will not be enough to meet the shortfall in revenues which could be between Rs 8 trillion and Rs 10 trillion, points out A K Bhattacharya.
In the first phase of implementation the National Informatic Centre has designed an online registration module for telemarketers.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
The phased reopening and regulated relaxations of many key industries have paved the way for a slight recovery in hiring activities but hiring is still down by 47 per cent in July 2020 compared to the same month last year.
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties
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