IUC will further deplete industry of investable funds: Idea Cellular

 The recently announced interconnection usage charges (IUC) by the Indian regulator will further deplete the industry of investable funds and there is an urgent need for the telecom ministry's intervention in the form of reasonable package to take the industry out of financial stress, Idea Cellular CEO and MD Himanshu Kapania said on Wednesday.

"The announced IUC wi

Jio ties up with Roy Kapur Films for original digital content

Reliance Jio Infocomm Ltd. (Jio) and Roy Kapur Films (RKF), a production company founded by Siddharth Roy Kapur, announced on Wednesday an association to access original digital video content for the Jio platform.

The content will be developed, commissioned and produced by Roy Kapur Films. This will include finite and continuing series, long form and short form content across gen

`Tendering mechanism to set up mobile towers on defence lands approved`

The government on Wednesday said mobile and internet service providers can now set up joint towers and systems on land parcels belonging to the defence forces to improve cellular connectivity in the country.

According to Minister for Law and Justice, Electronics and Information Technology Ravi Shankar Prasad, the decision was taken by the Union Cabinet at its meeting held here.&n

Telecom industry to generate $38.25 bn by 2017: Manoj Sinha

 With exponential data consumption, the telecom industry is expected to generate revenue of $38.25 billion by 2017-end, registering a compounded annual growth rate of 5.2 per cent between 2014 and 2017, Communications Minister Manoj Sinha said on Wednesday.

"Investment has increased by approximate 220 per cent in the last four years. Operators have rolled out more than

High taxes, spectrum cost, IUC cut impacting industry: Telecom sector

Seeking immediate relief for the stressed telecom sector, older operators -- Airtel and Idea Cellular -- slammed high levies, increase in spectrum cost and regulatory norms,reported PTI. "Taxation on industry is very high. It is in the range of 29-32 per cent. Spectrum cost is one of the highest and tariff being one of the lowest.

All of this need to change to realise dream and v

Government to unveil scheme on waste-to-energy projects soon: Minister

Power Minister R K Singh has said that the Government are planning to unveil a scheme that will be worked out to encourage waste-to-energy projects in all cities and towns across India. Commenting on the issue, Power Minister R K Singh told the media, "We need many such (waste to energy) plants for many more metropolitan cities, towns and cities. As citizens, it is our combined responsibil

Weak global eco conditions may hit pharma exporters: India Ratings and Research

Weak economic and political conditions in Africa, currency volatility in Latin America and a weak recovery in CIS countries are likely to affect medium term growth of Indian pharmaceutical exporters, a report said as per the PTI.

"Weak economic and political conditions in Africa and currency volatility in Latin America (LATAM) are likely to weigh on the consumption of pharmaceuti

Technology is major thrust going forward: Thomas Cook India

Travel services firm Thomas Cook India said it is betting big on technology to provide customers a seamless experience across all its channels going forward, reported PTI. The company, which announced yesterday that it will acquire Tata Capital's wholly owned subsidiaries, Tata Capital Forex and TC Travel and Services, said it remains open to more acquisitions if they offer good opportunity

Kolkata Metro to run special night trains during Durga Puja

The Kolkata Metro Railways has said that it will run special night-long services during the Durga Puja days from Saptami to Navami to cope with the expected rush of pandal hoppers. Commenting on the issue, a metro official told the media, “The Metro Railway will run 224 services each day between 1.40 pm and 4.00 am from September 27 to September 29.”

“On Vijaya Dasha

Sebi tightens stock broker norms to curb unauthorised trades

To prevent unauthorised trading activities, markets regulator Sebi directed stock brokers to compulsorily keep record of orders placed by clients from January 1, 2018, reported PTI. Under the stricter regulatory framework, stock brokers have to compulsorily "use telephone recording system to record the instructions and maintain telephone recordings," in case the client is giving the o

Anil Ambani says telecom sector in ICCU, warns of monopoly

Anil Ambani said the telecom sector is in an "ICCU" with government and lenders most at risk, and warned of a monopolistic market emerging, reported PTI. He also promised to get RCom out of its difficulties by March 2018, saying its lenders are supportive of all its actions. With the entry of his elder brother Mukesh Ambani- promoted Reliance Jio wrecking the already competitive marke

Consumer electronics mkt growing in GST regime: Sony

The consumer electronics market in the country is growing steadily despite adverse speculation of a decline in growth after the implementation of GST, a senior Sony India official said as per the PTI report.

"We had expected a dip in sales after implementation of Goods and Services Tax (GST) regime. But it was not seen. In fact, the market has been growing steadily," Sony In

`Reduction in clerical staff hiring in banks is part of a design`

 Central government owned banks' plan to hire 7,883 clerical staff next fiscal is inadequate when compared to the growth in business and the number of accounts, said a top leader of All India Bank Employees' Association (AIBEA).

"This seems to be a part of a design to reduce the intake of clerical staff. Despite growth in business (deposits and advances) since 2

Extend power subsidy to tenants in Delhi: CM to minister

 Delhi Chief Minister Arvind Kejriwal on Tuesday asked state Power Minister Satyendar Jain to prepare a plan to pass on the government subsidy on power tariff to tenants in the city, an official said.

In Delhi, there is a 50 per cent subsidy on power tariffs on domestic electricity connections for users consuming up to 400 units a month, but Kejriwal said that this benefit w

3-day India Mobile Congress 2017 to start from Wednesday

Communications Minister Manoj Sinha on Tuesday announced that the first ever mobile, Internet and technology event in India -- India Mobile Congress 2017 -- will begin from Wednesday and continue till September 29.

"We are proud to say that our country is now hosting its own first ever mobile, Internet and technology event -- The India Mobile Congress. We are hopeful that this wi

Taxes on petro products fetch government Rs 2.67 lakh crore

Crude oil prices in the international market have come substantially down, but surprisingly the prices of petroleum products in India are on the rise, pinching the common man's pocket. But then where is the huge money, being earned through several hikes in indirect taxes, going?

Well, according to the government's response to an RTI application, even as the money in the common

Boosting investors confidence must to arrest decline in investment

Welcoming Commerce Minister Suresh Prabhu's move to convene a meeting with industry associations to discuss issues affecting industrial growth, industry body Ficci said on Tuesday that the key lies in boosting investors confidence.

"We submitted to the Minister that the key to arresting the long-term decline in investment rate from over 35 per cent to below 30 per cent lies i

Telecom sector under stress, banks not lending: Anil Ambani

Reliance Group Chairman Anil Ambani on Tuesday said the telecom sector is under stress and banks are not extending any credit.

"The Reserve Bank of India in April asked all banks to be cautious on telecom. Banks are now not extending any credit," Ambani told the Reliance Communications (RCOM) annual general meeting here.

"The sector has transformed India as pe

India and Egypt aim at boosting tourism industry

India has organised a seminar to make Egyptians aware about its diverse culture and boost tourism between the two nations, which according to the Indian envoy here was below potential, reported PTI. The Indian Embassy here in association with India Tourism Office in Dubai organised the seminar entitled 'Incredible India Road Show'. India's Ambassador to Egypt Sanjay Bhattacharyya th

Government to electrify all villages by year end: Power Minister

Power Minister R K Singh has said that India will achieve the target of power for all by December next year, while all villages will be electrified by the end of this year, much ahead of the schedule. As per reports, Government had set the deadline for electrifying all villages by May 1, 2018. Similarly, it was aiming to provide 24X7 power to all by March, 2019. Commenting on the issue, Power M

India`s tea exports to Sri Lanka rise 150% in January-July 2017

India's tea exports to Sri Lanka increased by 150 per cent to 2.5 million kg in January-July 2017 compared to one million kg exported during the like period last year, according to provisional data of Tea Board of India.

Indian tea exports to Egypt and China also witnessed a significant growth.

Tea exports to Egypt during these seven months were up by 98.23 per cent to 4

Indian mutual funds may get nod for trading in commodity derivatives in 6 months

MUMBAI  - India's capital markets regulator is likely to allow mutual funds to trade in commodity derivatives and a decision is expected within six months, a senior official said on Tuesday.

Such a move would help deepen the market and provide hedging opportunities to large companies that trade overseas due to limited liquidity at local exchanges.


Wind turbine producers to face problems in near term: ICRA

ICRA has said that wind turbine manufacturers are likely to face headwinds in near term following the transition from feed-in tariff to bid tariff route. Commenting on the issue, ICRA said, "The wind energy sector is undergoing a transition phase from feed-in tariff regime to a bid based regime, post the success of a reverse auction under the 1000 MW scheme by Ministry of New and Renewable

Government sets up body for 5G, eyes rollout by 2020

The government set up a high-level 5G committee with a mandate to lay down a road map for rollout of the technology by 2020, reported PTI. "We have created a high-level 5G committee that will work on vision mission and goals of 5G.

When the world will roll out 5G in 2020, I believe India will be at par with them," Telecom Minister Manoj Sinha said. According to officials, th

Telcos want Trai to defer new call drop rule by six months

Telecom operators have requested the sector regulator Trai to defer new call drop rules by six months in order to tune their networks as per the new norms, reported PTI. "We have written to Trai that give us two quarters to actually tune networks to implement the new regulation.

Trai has said that they would consider it. However, the regulator has not come back to us. It is a mea