Business

TRAI issues interconnectivity rules; fixes 30-day deadline for inking pacts

TRAI issues interconnectivity rules; fixes 30-day deadline for inking pacts

The rules will come into effect from February 1, 2018 Telecom regulator TRAI on Tuesday mandated service providers to enter into interconnection agreement “on non-discriminatory basis” within 30 days of receiving network connectivity request from another operator. The Telecom Regulatory Authority of India (TRAI) on Tuesday issued the ‘Telecom Interconnection …

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TVS Motor December sales jump 39%

TVS Motor December sales jump 39%

Scooter sales grew by 50.5 % from 55,557 units in December 2016 to 83,640 units in December 2017.  Two and three-wheeler maker TVS Motor Company today reported a healthy 39 % growth in December sales at 2,56,909 units from 184,944 units in December 2016. Total two-wheeler sales grew 37.9 % …

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Govt. injects funds into 6 public banks

Govt. injects funds into 6 public banks

Some public lenders, with high NPAs, were on the verge of breaching minimum capital norms The Centre has released the much-required equity capital to six stressed public sector banks (PSBs) as some of these lenders were on the verge of breaching minimum capital norms on December 31, 2017. The PSBs …

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Mukesh Ambani’s Jio to buy Anil Ambani’s RCom wireless assets

Mukesh Ambani's Jio to buy Anil Ambani's RCom wireless assets

Sale includes all spectrum, tower, fibre optic among others Anil Ambani’s debt-laden Reliance Communications Ltd. has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd., the telecoms arm of elder brother Mukesh Ambani’s oil conglomerate Reliance Industries Ltd, both the companies said in separate statements on …

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GST collection falls further to ₹80,808 crore in November

GST collection falls further to ₹80,808 crore in November

Tax experts say the fall in the collection is along expected lines and they reckon that the collection will improve from January. The Goods and Services Tax (GST) collection in November fell further down to ₹80,808 crore from ₹83,346 crore in October, according to official data released on Tuesday. “The …

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Sensex above 34,000, Nifty on new peak at 10, 515

Sensex above 34,000, Nifty on new peak at 10, 515

Stock benchmarks crossed new milestones on Tuesday, with the Sensex topping 34,000 for the first time and the Nifty hitting a fresh high of 10,515. The 30-share index crossed the 34,000-mark by jumping 65.07 points, or 0.19%, to 34,005.37. The gauge had rallied 184.10 points in the previous session on …

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Goldstone plans electric bus unit

Goldstone plans electric bus unit

Earmarks ₹500 cr. for greenfield plant Hyderabad-based insulator maker Goldstone Infratech Ltd, having diversified into the electric vehicles (EV) business, is planning to set up a greenfield electric bus manufacturing facility in the south with an investment of ₹500 crore. “We are already manufacturing electric buses in India,” said N.K. …

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RCEP: India hardens stand ahead of summit with ASEAN

RCEP: India hardens stand ahead of summit with ASEAN

MEA wary of FTAs; cites policy goal to boost manufacturing In a sign that India’s Free Trade Agreement (FTA) negotiations could slow further, the Ministry of External Affairs (MEA) has taken a strong stand that the country should restrain itself from concluding any such pact from which it would not …

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Jio may buy most RCom assets

Jio may buy most RCom assets

Mukesh Ambani firm front runner to get debt-laden telco’s spectrum, say sources Mukesh Ambani-led Reliance Jio has emerged as the front runner to buy the assets of Anil Ambani-led Reliance Communications Ltd. (RCom) in the wake of a meeting of lenders’ to debt-laden RCom, according to sources. Reliance Jio is …

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Infra handicap, fuel price rise may trouble domestic aviation

Infra handicap, fuel price rise may trouble domestic aviation

Deceleration of 800 bps to be seen in five fiscals through 2022, says Crisil Two major headwinds – crippling infrastructure constraints at major airports, and an uptick in fuel prices – are likely to impact passenger growth in the domestic sector in the next few years, Crisil said in a …

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