Industry lauds TRAI; Facebook, operators disappointed
Published on Monday, February 8, 2016 10:15 PM
Institutional and individual users of the internet on Monday hailed the regulator's favourable order on net neutrality while social network Facebook and cellular operators cried foul. ...
"We congratulate TRAI (Telecom Regulatory Authority of India) for enshrining the principles of net neutrality and non-discrimina
Cognizant forecasts slowest revenue growth in 14 years
Published on Monday, February 8, 2016 10:00 PM
By Abhirup Roy ...
IT services provider Cognizant Technology Solutions Corp forecast its slowest quarterly revenue growth in 14 years, adding to mounting worries about clients keeping a tight lid on technology spending.
Shares of the company, which also reported its first revenue miss in six quarters, fell as muc
Gold price surges to highest level since June as share prices slide
Published on Monday, February 8, 2016 9:56 PM
By Susan Fenton ...
LONDON - The price of gold jumped more than 2 percent on Monday to touch its highest level since June, extending last week's sharp gains, as sliding stock markets and worries over global economic growth prompted investors to seek safety in hard assets.
Spot gold reached a
For sugar tax supporters, 2016 may be the sweet spot
Published on Monday, February 8, 2016 9:49 PM
By Martinne Geller ...
LONDON - 2016 could be the year of the sugar tax, as several large nations consider levies on sweetened food and drinks to battle obesity and fatten government coffers.
For years, public health advocates have called for such measures as one prong of an attack against a grow
Sensex falls more than 1 pct on global risk-off trade
Published on Monday, February 8, 2016 6:08 PM
The BSE Sensex fell more than 1 percent on Monday to post its biggest daily decline in 2-1/2 weeks as European shares were hit hard by persistent concerns about the pace of global economic growth. ...
The falls came late in the session, and more than offset earlier gains when metal firms such as Tata Steel and lenders ralli
FDI India growing 48 percent, falling elsewhere: Sitharaman
Published on Monday, February 8, 2016 5:24 PM
Foreign direct investment in India has been growing around 48 percent despite the global economic slowdown that has seen FDI declining elsewhere, Commerce Minister Nirmala Sitharaman said on Monday. ...
"FDI in the world is falling... India is the only country where foreign investments are growing," she said at the inau
TRAI rules against differential pricing for Internet services
Published on Monday, February 8, 2016 5:32 PM
NEW DELHI - The Telecom Regulatory Authority of India (TRAI) on Monday ruled against differential pricing for Internet services, in a setback to Facebook Inc's plan to roll out free Internet to the masses in Asia's third-largest economy. ...
TRAI said that Internet service providers would not be allowed t
India's steel imports fall for third month in Jan as import tax trims buys
Published on Monday, February 8, 2016 3:52 PM
By Sankalp Phartiyal ...
NEW DELHI - India's steel imports fell for the third straight month in January, provisional government data showed, as a tax on some steel products last year cut cheap overseas purchases that have been pressuring the sector.
The country imposed a 20 percent safeguard
Reliance Communications plea to buy Sistema admitted
Published on Monday, February 8, 2016 2:33 PM
The Bombay High Court has directed Reliance Communications to convene a shareholders' meeting on March 8 to take up the issue of merging Sistema Shyam Teleservices into its fold, while admitting an application in this regard. ...
"Reliance Communications is, therefore, finalising a notice of the above meeting to be sent