Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had on December 15 last year reserved its verdict on the matter.
The fledgling Akasa Air has told the Delhi high court it is in a "state of crisis" following the "sudden and abrupt" resignation of over 40 pilots who left the airline without serving the mandatory notice period. The airline and its CEO Vinay Dube approached the high court with their petition on September 14, seeking a direction to the Directorate General of Civil Aviation (DGCA) to take coercive action against these pilots for their "irresponsible actions". The high court has fixed the plea for hearing on Friday.
High Commissioner of Canada Nadir Patel said the language in the document 'does not reflect the government of Canada's policy toward India'.
Twitter and other social media platforms have taken down around 100 posts and URLs after the government asked them to remove content that was critical of the handling of the current medical crisis or spreading fake news around the pandemic.
The Himachal Pradesh government's Excise and Taxation Department inspected an Adani Group company, scrutinising records and checking the stock at the Adani Wilmar warehouse in Parwanoo, officials said on Thursday. The officials were apparently investigating possible GST violations by the company, a 50:50 joint venture between the Adani conglomerate and Singapore-based Wilmar. The inspection on Wednesday evening in the Congress-run state comes at a time when the group finds itself in the middle of a political row at the Centre, triggered by a scathing report by US-based Hindenburg Research.
The government is keeping its options open.
A bench of Justices Arun Mishra and Deepak Gupta also directed the Delhi government and the Central Pollution Control Board to place before it the data of pollution in Delhi from October till November 14 this year. The bench also directed them to submit pollution data from October 1 to December 31, 2018.
The Bombay high court on Tuesday directed the Mumbai civic body to demolish the unauthorised construction at Union minister Narayan Rane's bungalow in Juhu area in Mumbai, noting that it violated the Floor Space Index (FSI) and Coastal Regulation Zone (CRZ) rules.
The Delhi high court on Monday upheld the Centre's Agnipath scheme for recruitment in the armed forces, saying it was made in national interest and to ensure that the armed forces are better equipped.
Delhi Chief Minister Arvind Kejriwal and Lt Governor Najeeb Jung on Tuesday took their bitter fight to President Pranab Mukherjee and accused each other of violating the Constitution and overstepping their respective jurisdictions.
The 1984-batch IRS officer was otherwise to remain in office till November 18, 2023, according to the notification issued by the government.
Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India, according to officials. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated. The Institute of Cost Accountants of India has also initiated action against some of their members in the matter.
The top court said there are serious lapses in the enforcement of the 2013 Prevention of Sexual Harassment Act.
'It is a sad day when social activists, environmental campaigners, anti-corruption workers are singled out as anti-nationals and then criminalised.'
The DMK and its allies submitted a list of pending assembly bills with the Raj Bhavan.
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
A bench of Justices UU Lalit and SR Bhat issued notices, including to the state of Bihar, on the plea filed by Shashi Kant Rai, an additional district and sessions judge in Araria.
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
The Tehelka magazine on Friday claimed some officials, bureaucrats and other VIPs had 'abused' their status to get free tickets and other facilities from a private airline in gross violation of service rules and propriety.
Large crowds thronged popular boulevards, tourist hubs and entertainment centres across India and many joined special prayers at places of worship on Sunday as people stepped out to celebrate the New Year without COVID-19 restrictions.
The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.
Two days back, the Directorate General of Civil Aviation had asked IndiGo to take "appropriate action" after it found alleged violation of safety and social-distancing protocols by mediapersons in the airline's Chandigarh-Mumbai flight that had actor Kangana Ranaut as a passenger.
Twitter on Tuesday permanently suspended Bollywood actor Kangana Ranaut, saying she had repeatedly violated its rules on 'hateful conduct and abusive behaviour'.
The Directorate General of Civil Aviation (DGCA) has released a draft procedure that calls for testing pilots, other aviation personnel and crew members for psychoactive substances before they take to the skies. The Indian civil aviation regulator has sought comments from stakeholders over the next 30 days before issuing a regulation to this effect. Asking airlines and airports to do random checks on crew and air traffic controllers, DGCA proposed that violators be suspended for a minimum of three years or their licence be permanently cancelled as maximum punishment.
Ishrat, a resident of Mumbra near Mumbai, and three others, were killed in an alleged staged encounter on the outskirts of Ahmedabad on June 15, 2004.
Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.
There is no official confirmation to reports that the IPS officer was caught red-handed by his wife of 32 years at a woman's house, after which he assaulted her.
It said that the transit was "ongoing" and that there had been "no interference from foreign military forces so far."
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
State officials "not happy" after meeting with CoA
The Maharashtra government on Wednesday imposed several new restrictions, including a ban on inter-city and inter-district travel and curbs on office attendance in an attempt to bring the spiralling coronavirus infections under control.
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
Billionaire Mukesh Ambani's Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country's e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At a meeting called by the commerce ministry on allegations that foreign online retailers created complex structures to bypass foreign investment rules and damage small traders, Amazon urged the government not to issue any clarification until investigations into its business practices had been concluded, sources said. At the meeting, Reliance Retail's representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment is allowed only in pure technical infrastructure/ platform that facilitates the meeting of buyer with sellers.
Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.
'Once such conduct becomes legitimate through political and popular sanction, then the ordinary citizen will have no defences left,' warns Shyam Saran.
US is the largest market for the over $140 billion Indian IT services industry
The government has asked social media platforms, including Twitter and Facebook, to remove content and posts that were spreading misinformation and public panic around the pandemic, according to sources.
