Headline inflation will come down under the 6 per cent mark in July itself but will stay at an elevated level of over 5 per cent for some time, Chief Economic Advisor K V Subramanian said on Thursday. Such an outcome will get the price rise back into the upper-end of the target band given to RBI, he said, adding that consumer price inflation had breached the mark for three consecutive quarters last fiscal because of supply side issues like challenges in movement of goods. "With reasonable probability, I expect this month the (inflation) print to come less than 6 per cent," Subramanian told a conference organised by industry lobby Ficci. Right after data for May showing inflation at 6.4 per cent had come out, Subramanian said he had predicted it will cool down in internal meetings and also during "deliberations with the regulator".
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
Gandhi in a tweet wrote, "Mehngi gas, mehnga ration, band karo khokhla bhashan, daam bandho, kaam do, varna khali karo singhasan."
Coffee Day Enterprises Ltd is backed by KKR & Co.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
If Reliance Jio resets the rules of the game with low voice and data tariffs, most incumbents will find themselves back to square one.
It said that fixing reserve price of 800 MHz band at low levels benefits a certain set of operators.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
The wait for the new iPhone is over as the tech giant Apple officially launched its new iPhone 13 and iPhone 13 Pro on September 14.
The second round of spectrum auction will begin in March after the Cabinet decides on reducing reserve price of 800 MHz band, used for offering CDMA-based mobile services.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
Reliance Jio bought spectrum in the 1800 MHz band last February.
The Chanakya, a plush mall in central Delhi, is the city's latest magnet for luxury-lovers. Oozing with opulence, it is now also home to one of America's oldest luxury brands, one that helped make New York's Fifth Avenue an iconic thoroughfare. Tiffany and Co, the American jewellery giant that has been around since 1837, made its India debut here.
Operators continued aggressive bidding in 900 MHz band
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
Gift your brother/sister something smart, useful and trendy, says Ashish Narsale/Rediff.com.
As per the initial proposal, DoT had sought 60 days time to start auction from the date cabinet decides on the spectrum base price and the NIA was to be issued after 15 days of the decision.
This is the first time airwaves in 700 Mhz band will be put up for auction
Move aimed at boosting retail investor participation in disinvestment.
Telecom operators continued to place bids for 800 MHz and 1800 MHz bands.
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According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
Private sector lender Axis Bank on Wednesday launched the country's first contactless wearable payment devices to allow customers make on-the-go transactions more conveniently. Announcing the 'Wear N Pay' wearable devices brand, Axis Bank said it is the first bank in India to offer such a service. The bank has partnered with Thales and Tappy Technologies to design and create these products, which are exclusively available on the Mastercard platform, it said in a release.
Extended rounds of negotiations having failed, farm leaders now reckon that their best chance to pressure the government lay in defeating the BJP in the coming assembly poll, particularly in UP, observes Virendra Kapoor.
The auction will help operators augment expansion of high-speed 4G voice and data services in the world's second largest mobile phone market.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Spectrum auction kitty dips to Rs 1.05 lakh crore.
In the past four months, launches of luxury and super luxury cars have sped ahead of non-luxury ones.
Airtel offers 4G service in 1800 Mhz band frequency while other companies are yet to roll out their services.
Tata Teleservices Ltd has decided to pull out of the upcoming 2G spectrum auction, leaving no takers for spectrum in the CDMA 800-MHz band. This will deprive the government of around Rs 18,300 crore.
On paper, the Thomson Oath Pro 55 smart TV seems to offer good value for money. But does it?
The draft amalgamation scheme of Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank (SFB) allowed quick relief to depositors with savings of up to Rs 5 lakh, but a long wait for those who had their nest egg with the scam-tainted bank. If the scheme gets approved, 96 per cent (or 880,000 of 924,000) depositors will get their full money straightaway after PMC is merged with Unity SFB. According to the draft scheme, retail investors may get up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC) instantly, and then some more in phases till they can recall their full deposits after 10 years.
The auction is the biggest ever sale of 2G and 3G airwaves.
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