Telco bailout will be contempt of SC, illegal trigger to widespread precedent: Jio to Prasad

New Delhi (IANS) Reliance Jio has written to Telecom Minister Ravi Shankar Prasad stating in unequivocal terms that the proposed telcos bailout would be contempt of the Supreme Court judgment and an illegal trigger to widespread precedent.

In…

Yes Bank's asset-quality woes to continue: Report

Mumbai (IANS) Emkay Global Financial Services has said in a recent report that Yes Bank's asset-quality woes may continue.

After Yes Bank reported a weak set of results last week, the report said that the company needed "regular capital…

Trai fixes ringer time for landline, mobile calls

New Delhi (IANS) Telecom regulator Trai on Friday fixed phone call ring time at 30 seconds on mobiles and 60 seconds for landline phones, introducing such a time limit for the first time.

This is the ringer time in case the call is neither…

Major media firms struggle to attract investor interest

Mumbai (IANS) Indian media firms are struggling to attract investors and stocks of media firms, along with manufacturing and auto companies, are witnessing a sharp decline on the bourses for the past months.

Some of the country's largest…

Sensex opens above 40,000, banks gains

Mumbai (IANS) Sensex opened above the 40,000 marks with a marginal gain on Friday.

At 9.46 a.m., the Sensex was up 39.82 points at 40,168.87 while the Nifty was trading 10 points higher at 11,887.45.

The Sensex opened at 40,196.07 on…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Thursday opened on a positive note.

The Sensex of the BSE opened at 40,211.99 and touched a high of 40,245.82 and a low of 38,587.79 after closing at 40,178.25 on Tuesday.

The Sensex…

Sensex logs all time high of 40,329 after Fed's rate cut

Mumbai (IANS) The benchmark equity index, Sensex, surpassed its previous lifetime high during the early trade on Thursday.

The Sensex peaked at 40,329 after the US Federal Reserve slashed it interest rates for the third time this year.

Legal expert says waiving of govt dues for TSPs would be against SC order

New Delhi (IANS) Legal expert Manoj Kumar has said that waiving of government dues for private telecom service providers (TSPs) would be against the Supreme Court order.

Manoj Kumar, Founder and Managing Partner, Hammurabi & Solomon Partners…

India's core sector growth shrinks by over 5%

New Delhi (IANS) The output rate of India's eight major industries contracted by over 5 per cent in September.

According to the Index of Eight Core Industries, September's contraction came after a marginal growth of 0.1 per cent registered…

Expected tax relief buoys Sensex, capital goods stocks' rise

Mumbai (IANS) Expectations of further relief measures from the government in the form of tax cuts, along with hopes of healthy quarterly results, buoyed the key Indian equity indices higher during the early-morning trade session on Wednesday.