TRAI (Telecom Regulatory Authority of India) on Monday blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services to customers. TRAI questioned whether the network preference came at the cost of deterioration of services for other subscribers.
In the previous session, the BSE barometer ended 143.36 points, or 0.39 per cent, lower at 36,594.33. The NSE Nifty shed 45.40 points, or 0.42 per cent, to close at 10,768.05.
The telecom regulator has asked Bharti Airtel and Vodafone Idea to put on hold specific plans that promised faster speeds to certain priority users, as it questioned whether the network preference came at the cost of deterioration of services for other subscribers.
Reliance Industries Limited and Jio Platforms Ltd. announced that world's leading wireless technology innovator Qualcomm is committed to invest up to Rs 730 crore in Jio Platforms to bolster Jio's initiatives towards building an advanced digital platform for Indian consumers.
Retail tomato prices further rose to Rs 70 per kg on Sunday in the national capital due to tight supply of the key kitchen staple during the lean period, a trade report said.
The Railway Board has decided to implement 20 innovations by its employees to make train journeys safer and improve passenger comfort - such as a bell warning to alert travellers minutes before a train departs, real-time CCTV monitoring inside coaches, printing of unreserved tickets through mobile applications - on a mass scale.
The government on Sunday said it has decided to ensure capturing of FASTag details while registering or issuing fitness certificate to vehicles all over the country.
Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings.
Foxconn, Taiwanese multinational electronics contract manufacturer which assembles Apple iPhone, is planning to invest up to $1 billion in India. Foxconn is looking to expand its factory in Chennai's Sriperumbudur, sources said.
Gland Pharma, which develops, manufactures and markets complex injectables, was founded by P.V.N. Raju in 1978 and Fosun Pharma acquired 74 per cent stake in the company in 2017.
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday said it has recovered 80 per cent of its business in the stores, wherever it has been allowed to operate unhindered.
The Centre has sanctioned Rs 2,000 crore for BharatNet phase II programme in Uttarakhand. Uttarakhand Chief Minister Trivendra Singh Rawat said the digital connectivity initiative will revolutionise telecommunication and internet connectivity in the state.
Biotechnology major Biocon on Saturday announced that its "breakthrough drug," Itolizumab has received Drugs Controller General of India's (DCGI) approval for its use in moderate to severe COVID-19 patients.
Reserve Bank Governor Shaktikanta Das on Saturday advocated the creation of a 'resolution corporation' with legislative backing for resolution and revival of stressed financial firms.
The railway's ministry has opened the bidding process for the supply of electrical equipment and other items for 44 sets of 16 coach Vande Bharat train. This current tender was floated on December 22 last year by the Integral Coach Factory (ICF), Chennai, and was opened on Friday (July 10).
Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.
RBI Governor Shaktikanta Das has said that the Indian economy is showing signs of revival as restrictions across the country are being lifted gradually. He added that post containment of COVID-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures.
Roughly five hours after an internal email went out Friday to Amazon employees telling them to delete the popular video app TikTok from their phones, the online retailing giant appeared to backtrack, calling the ban a mistake.
Sources said Air India is terminating 1,200 crew and employees who are more than 55-yr-old including 190 trainee pilots. In a letter, Air India has informed an applicant who had been selected as cabin crew in August 2019 subject to the successful completion of training.
Punjab & Sind Bank on Friday reported fraud of Rs 112.42 crore in two NPA accounts of Maha Associated Hotels and Edyar Zinc.
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