India Ratings, a unit of Fitch Group, said new tweaks to TRAI’s 2017 tariff order — scheduled to come into effect on March 1 — are likely to reduce revenue for channel owners, be neutral for cable and DTH players and reduce costs for consumers. “India Ratings & Research (Fitch Group) believes that Telecom Regulatory […]
India-based Natco Pharma has filed an application with the US Food and Drug Administration seeking permission to market a generic copy of Lonsurf, a drug approved just four years ago to treat colorectal/gastric cancers. The application has been filed with a ‘Paragraph IV’ declaration. Such a declaration essentially states that the filer, Natco, believes that […]
Media and telecom sector regulator TRAI has amended its 2017 tariff order — which came into effect a year ago — introducing a new price-cap of Rs 12 per pay channel, down from Rs 19 earlier. It also introduced new safeguards and conditions to curtail the practice of forcing unwanted channels upon consumers. However, these […]
Ahmedabad-based PSP Projects Ltd announced that it has emerged as the lowest bidder for the development of a new corridor from Kashi Vishvanath Mandir in Varanasi to the nearby riverfront known as Lalita and Manikarnika Ghats. The beautification and expansion project will cover an area of around 200 meters by 250 meters, and will cost […]
In an order that can throw a spanner in the works of tea company McLeod Russel’s debt restructuring, the Delhi High Court has issued an injunction against any asset sale or capital restructuring by the company. The court,”in reference to a matter filed against certain promoters of the company with regard to certain alleged outstanding […]
Lemon Tree Hotels Ltd, India’s third largest hotel chain, opened its first international hotel in Dubai, and said it will also open in Bhutan and Nepal. The Dubai Lemon Tree hotel will be managed by Lemon Tree via its subsidiary Carnation Hotels Pvt. Ltd. and will be owned by Al Waleed Real Estate LLC. Lemon […]
NMDC, which has hitherto focused on mining minerals like iron ore, copper, dolomite, magnesite and so on, has got a major boost to its efforts to diversify into coal with the government allocating two coal mines to it. The Rohne and Tokisud North mines are are located at Hazaribagh District of Jharkhand. “The Rohne coal […]
Telecom regulator TRAI is unlikely to recommend floor pricing for voice and data services in India due to ideological as well as practical reasons, according to industry officials. The telecom regulator today came out with a consultation paper saying it wants to broad-base the discussion on setting minimum price for data and voice. At present, […]
The Ministry of Information and Broadcasting has assured an industry disputes tribunal that it will take a decision on the name-change application of Horizon Satellite Services, a unit of Raghav Bahl-led Quintillion Business Media Private Limited (QBM), by December 25. Quintillion Business Media has been trying to get its channel renamed as Bloomberg Quint to […]
Reliance Jio subscribers who are disappointed with the steep rise in tariffs this month can look forward to some respite, at least for the next seven months. Jio users can find all the plans that the company introduced in the last six months under a special tab called ‘tariff protection’ in the My Account page […]
Finance minister Nirmala Sitharaman today said her ministry has not had ‘enough discussions’ about changing GST slabs, but did not rule out the possibility of such a move coming about soon. “I don’t think we have had enough discussion even within the ministry, yet, on this slabs and rates,” she said at the India Economic […]
eNAM, the electronic National Agricultural Market that was unveiled three-and-a-half years ago, has seen the total cumulative turnover on its platform hit Rs 84,842, Agriculture minister Narendra Singh Tomar said. He said a total of 1.65 cr farmers in 18 states and union territories have been brought onto to the electronic agricultural commodity trading platform. […]
Tata Sky’s much awaited Android set-top-box, Tata Sky Binge+, is all set to become available in the coming 2-3 weeks as a dealer has leaked the technician’s reference guide for installing the service. The manual, leaked on social media, confirms what has already been reported — it will be built on top of Android TV […]
Government of India today said it has decided to give 5G spectrum to state-owned telecom service provider Bharat Sanchar Nigam Ltd without the company participating in the upcoming spectrum auction. In 2010, the government had set apart one block of 3G and 4G spectrum for BSNL, even as other telecom operators had to fight long […]
The government of India today clarified that it will not be implementing any pay revision for the employees of state-owned telecom provider Bharat Sanchar Nigam Ltd as the company has failed to meet the profitability criteria applicable for all government enterprises. BSNL has racked up tens of thousands of crores of accumulated losses since 2009-10 […]
PNB Housing, the housing finance company in which the US-based Carlyle Group and Punjab National Bank own around 32% each, has clarified that its total exposure to real estate firm Omaxe Ltd was less than Rs 635 cr. The clarification came on the heels of social media reports that Omaxe Ltd was in some sort […]
Dilip Buildcon, which specializes in the construction of roads and bridges, said it has been declared the lowest bidder for projects worth Rs 826 cr from Delhi Metro and the PWD in Delhi. These include part design and construction of an elevated viaduct, an elevated ramp, siding lines, a viaduct to Mukundpur depot and four […]
A day after shocking consumers by increasing plan prices by around 20-40%, Reliance Jio has re-introduced the Rs 149 unlimited plan, but with a shorter validity and lower daily data allowance. The original Rs 149 plan used to offer 1.5 GB of daily data for four weeks (28 days) and was the most affordable monthly […]
The voluntary retirement scheme offered by the central government to employees of state-owned telecom companies BSNL and MTNL seems to have been a hit, going by the response so far. As of last Wednesday (Nov 27), a total of 79,101 employees of BSNL and 14,050 employees of MTNL have applied for VRS under the scheme. […]
A story from moneycontrol.com, a news portal run by the Network18 media group, drew an unusually sharp reaction from Raghav Bahl, one of the pioneers of television news broadcasting in India who now operates Quintillion Media Pvt Ltd. In an message to his employees, Bahl attributed the report — titled “Bloomberg’s India Venture with Raghav […]
