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Category: India News

Vodafone, Idea throw down the gauntlet at Jio, Airtel with eye-catching incentive offers

Vodafone India and Idea Cellular are believed to have more than doubled the subscriber-related incentives offered to retailers in the run-up to creating India’s largest telecom operator, throwing down the gauntlet at rivals Bharti Airtel and Reliance JioInfocomm as the war for customers intensifies.  According to a distributor, “Vodafone and […]

Happy hours! Reliance Jio to disrupt broadband market with low pricing

Reliance Jio is poised to launch a mass-market, high-speed, wired, broadband service bundled with Internet-based television programming starting at about Rs 500 a month, or effectively half of what cable operators charge for similar services. The Mukesh Ambani-controlled telco is looking at a commercial rollout of JioGigaFiber before Diwali (November […]

Full blocking of mobile apps to harm users’ constitutional rights: COAI to DoT

Cellular Operators Association of India (COAI) told the Department of Telecommunications (DoT) that any move to block popular apps like Facebook, WhatsApp, Telegram and Instagram would amount to curtailing freedom of speech, and pointed out that it was technically impossible to completely block an app.  The complete blocking of any app […]

Five is the number: Whats App officially rolls out forward message limit for users in India

On failure to check the spread of fake and provocative content on its platform, the instant messaging service, WhatsApp, said it has begun rolling out its forward message limit to five chats for over 200 million users in India. The limit has started to appear this week for people in India […]

Country records 29% below normal rainfall last week

The country recorded 29% below normal rainfall last week, with Central India and south peninsula remaining largely rain-deprived, even as rainfall in the east and northeast India picked up significantly.  Both June and July registered below normal rainfall across the country  5% and 6% respectively.  East and northeast India has […]

RBI rate hike to avoid drifting away from inflation mandate, says Urjit Patel

RBI Governor Urjit Patel said the second 25 bps rate hike in as many months is to ensure that the Reserve Bank doesn’t drift away from its 4-per cent inflation mandate and keeps moving towards the target on a sustainable basis.  RBI hiked the short-term policy rates or repo rate […]

49% FDI in e-tail inventory is against PN 3: RIL & local companies

Reliance Industries Ltd (RIL) has said the proposal to allow 49% foreign investment in online marketplaces that hold inventory and sell directly to consumers contradicts the government’s stated intent to strengthen Press Note 3, which bars any foreign direct investment (FDI) in inventory-based online retail.  Reliance and all domestic companies […]

Pace of credit growth more than doubles

According to the latest RBI data the pace of growth in credit offtake has more than doubled on the back of higher growth services and retail loan growth. While credit to an industry which had contracted last year has witnessed a small growth this year. On a year-on-year (y-o-y) basis, […]

GST Council accepts ‘transaction value’ to tax hotel tariff

Goods and Services Tax Council finally accepting ‘transaction value’ for determination of leviable tax rate. Hotel industry had lobbied hard for this change since the GST roll out in July last year.  Use of ‘declared tariff’ for determination of tax rate meant that customers had to cough up tax at a […]

India stocks hit record highs as experts consider their ‘safe haven’ potential

As India’s stock markets soar to record highs last week, shares could be in a sweet spot that has prompted one emerging market investor to consider the asset class a “safe haven.” India’s benchmark S&P Bombay Stock Exchange (BSE) ended trade on Friday up 0.95 percent at 37,336.85, having hit a record […]