BSNL also launched a pre-paid card with lifetime validity for Rs 949 which includes preloaded talk time of Rs 99.
The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from global spillovers from geopolitical tensions, elevated commodity prices and moderating external demand. The RBI, however, did not tinker with the GDP growth projection made in April. It had slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation. This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020 in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
The festive season has just begun and if you are planning to purchase a smartphone, here is a list of 25 devices that have seen a drop of Rs 500 to Rs 5,000 in their prices this month.
The survey also shows a majority in favour of ousted leader Boris Johnson, with 55 per cent saying that Tory MPs were wrong to effectively force him to resign and 40 per cent saying they were right.
The textile sector seeks cut in Excise duty on MMF to provide level playing field and hike in allocation under Technology Upgradation Fund Scheme
In a recent letter to the power ministry, the Planning Commission recommended allocation of Rs 10,630 crore (Rs 106.3 billion) gross budgetary support for the ministry.
Five smartphones from Samsung and HTC, four from Micromax and Motorola, two from Huawei and one each from LG and Karbonn have reduced their price in September.
Internet service providers will have to pay a nominal entry fee of Rs 30 lakh and no licence fee to offer corporate networking services, TRAI said in its recommendations on Tuesday.
The head of GM's European operations Nick Reilly assured on Thursday state premier of Thuringia in eastern Germany Christine Lieberknecht that Opel's Eisenach plant in the state will remain open.
A list of 23 smartphones that are available in the Indian market and have seen a price correction ranging between Rs 500 to Rs 5,500 in the month of July.
'It's time to change this system of randomly giving stars and the right to bad critics to run down our products.' 'Two films, even if both get three stars, are very different from each other.' 'I can understand if these stars indicated a level of enjoyment or engagement, but the current rating system is flawed because there are no parameters.'
Jet fuel will cost Rs 37,300 per kl in Mumbai, home to the nation's busiest airport, from Rs 38,246.60. The reduced rates will help cash-strapped airlines cut fuel cost, which constitutes roughly 40 per cent of their operational cost.
RJio will further add bottomline pressures on the already struggling telcos that will ultimately be forced to consolidate
The Air India board has decided to reduce by 50 per cent the productivity-linked incentives or flying allowance payable to its employees.
In what could trigger another interest rate war, the Punjab National Bank has announced an array of concessions under its festival bonanza including 0.50 per cent cut in housing loans at 7.75 per cent.
The change will affect economy and premium economy travellers.
Images from the first One-Day International between New Zealand and India, in Auckland, on Friday.
Although the government has yet to act upon the Second Administrative Reforms Commission's recommendations to reduce staff holidays, central government employees, outside Delhi, will have just 6 holidays in 2010.
Evidently, households see a brighter future after the Budget, reveals Mahesh Vyas.
Kangana Ranaut ticks off all the boxes of the poker-faced spy model in Dhakaad, observes Sukanya Verma, but the the movie needs real rescuing.
Dell on Wednesday announced a six per cent cut in list prices of its desktop systems, notebooks and workstations with immediate effect following the removal of excise duties on computers in the Union Budget.
Sportswear maker Nike Inc will be reducing nearly 1,750 jobs, representing nearly five per cent of its global workforce, as part of its restructuring efforts.
India is poised to be the fastest-growing major economy in the world and an engine of global growth despite global headwinds, says leading industrialist and Aditya Birla Group Chairman Kumar Mangalam Birla. The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said in the latest annual report of UltraTech Cement Ltd. "A strong digital ecosystem, fiscal and monetary policy and various government schemes helped small and medium enterprises and the worst affected sections of the population to survive while reviving demand and bringing the economy back on track," said Birla while addressing UltraTech's shareholders.
BofA Securities has revised its year-end Nifty target from its earlier projection of 16,000 to 14,500 now - down over 6 per cent from the current levels. Fast tightening monetary conditions, slowing growth/fears of US recession and the likely Nifty EPS (earnings per share) cuts, BofA Securities said, are the key headwinds for the markets in the near-term. However, clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022.
Images from the Asia Cup final between Pakistan and Sri Lanka in Dubai on Sunday.
The firm said on Tuesday actions would be taken at its devices and markets units as well as in the corporate development office and global support functions. The cell phone maker noted that it intends to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand.
Ashok Leyland, the Hinduja group flagship company and a leading manufacturer of commercial vehicles, on Friday said it would cut its proposed investment size and would undertake cost-cutting measures, including a 20 per cent reduction in wages, in view of the slowdown in the industry.Speaking to reporters, K Sridharan, chief financial officer, said the company's margin outlook is currently under pressure and it may continue like that till next month.
Three major domestic airlines on Friday announced revised fares, including those under the advance purchase schemes, following abolition of the Inland Air Travel Tax which amounted to 15 per cent of the total airfare.
Spice Telecom, one of the cellular service providers in Punjab, on Friday announced a 'special ISD offer' for its subscribers in the state, reducing international calling rates from Rs 16 to Rs 3.99 per minute.
The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of a percentage point in the boldest move since 1994.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
The minister said airlines must reciprocate the government's gesture to help the aviation industry, which has been been going through rough weather this year. State-run oil companies on Monday slashed jet fuel prices by over 11 per cent. ATF in Delhi was cut by Rs 4,208.37 to Rs 32,691.28 per kilolitre.
TouchTel, the private fixed line telecom service provider in Delhi and Haryana announced up to 70 per cent reduction in international long distance tariffs for calls to the UK, US and Europe.
In India, the aviation industry contributes five per cent of gross domestic product, around Rs 291 crore (Rs 2.91 billion) in tax contributions, provides four million jobs and another seven million jobs through tourism and related activities.
Reliance Communications (RCom) has launched a new scheme that enables its subscribers to make STD calls at Re 1 and local calls at 50 paise per minute.
Come December, India may have to re-evaluate purchases of Russian oil if a price cap on crude oil proposed by the US and the European Union (EU) comes into effect. That impacts nearly a quarter of India's oil purchases that come at a discount, helping limit marketing losses for India's state refiners and enabling New Delhi to manage inflation by freezing pump prices of motor fuels. In September, India imported 1 million barrels a day or 24 per cent of its overall imports from Russia, which became the biggest supplier of oil to India.
For passengers booking a return ticket between India and Singapore from Tuesday, they would be charged $100 as fuel surcharge instead of the present $110 per sector. As a result, they would gain a total of $20 for their onward and return journeys, an airline spokesperson said.
Top on the government's agenda would be getting Parliament's approval to the budgetary proposals and presentation of the budget for the Union Territory of Jammu and Kashmir.
