High levies on telecom contradict PM's Digital India vision: Bharti Airtel Chairman

New Delhi (IANS) The high rate of GST and spectrum prices in the telecom sector go against Prime Minister Narendra Modi's vision of a digitally-empowered India, Bharti Airtel Chairman Sunil Bharti Mittal said here on Thursday.
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Sensex rises 187 points on global cues, lower crude prices

Mumbai (IANS): India's benchmark Sensex bucked a 4-day losing streak on Wednesday, taking cues from global peers and as international crude oil prices retreated, boosting investor sentiment.

"A recovery in the global markets has worked…

Ericsson teams up with BSNL to bring 5G to India

New Delhi (IANS): In line with the "Digital India" programme, Swedish communication services giant Ericsson on Wednesday signed a Memorandum of Understanding (MoU) with public sector telecom operator Bharat Sanchar Nigam Limited (BSNL) to…

Amid trade war with US, China drops ban on Indian rapeseed oil meal

Beijing (IANS): Amid the bleeding trade war with the US, China has removed an over five-year-long ban on the import of Indian rapeseed oil meal.

China is the biggest consumer of oil meal of which rapeseed is a variant. Beijing has slapped additional…

Value buying lifts equity indices and banking stocks

Mumbai (IANS) Broadly positive Asian markets, along with a stable rupee and value buying pushed the key domestic equity indices higher during Monday's morning trade session.

In addition, healthy buying was seen in interest…

Petrol, diesel prices down for fourth successive day

New Delhi (IANS) State-run oil marketing companies (OMCs) cut the prices of key domestic transport fuels -- petrol and diesel -- for the fourth consecutive day on Sunday on lower global crude oil prices.

According to the IndianOil Corp data,…

Global IT spending to grow 3.2% in 2019

San Francisco (IANS) Driven by increased Cloud adoption, worldwide IT spending is projected to total $3.8 trillion in 2019, an increase of 3.2 per cent from expected spending of $3.7 trillion in 2018, according to the latest forecast by market…

Weak rupee benefited Infosys

Bengaluru (IANS) A weakening rupee against a strong US dollar benefited Indian software export major Infosys in the second quarter of fiscal 2018-19, said its Chief Financial Officer (CFO) M.D. Ranganath on Tuesday.

"We benefited…

ABB wins Rs 115-crore order to sell transformers to Indian Railways

Bengaluru (IANS): Swedish-Swiss electrical equipment maker ABB on Wednesday said it has won a Rs 115-crore contract to supply transformers to the Indian Railways.

The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in…

ED attaches Nirav Modi, Choksi's assets worth Rs 218 crore

New Delhi (IANS): The Enforcement Directorate on Wednesday said it has attached assets in India and abroad worth Rs 218 crore belonging to fugitive diamond merchants Nirav Modi and his maternal uncle Mehul Choksi.

The duo, who have fled the…