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  • Reliance Jio files contempt plea in court against Airtel
    on April 24, 2018 at 5:35 pm

    Mumbai: Reliance Jio Infocomm filed a contempt petition in the Delhi High Court against Bharti Airtel, alleging that the rival’s caveat in its Indian Premier League-related advertisements was insufficient. The court will hear the matter on April 27.Mukesh Ambani-owned Jio had moved the court against Sunil Mittal-controlled rival earlier this month, contending that Airtel’s campaign suggested subscribers could live-stream the ongoing IPL cricket matches free, without mentioning that […]

  • Airtel makes surprise profit in Q4, but that's the only happy part
    on April 24, 2018 at 3:05 pm

    63897635 63899254 NEW DELHI: Telecom giant Bharti Airtel on Tuesday reported its lowest quarterly profit in nearly 15 years, as tariff war and fall in international terminal charges dented bottomline of the company. The earnings, which were announced post market hours, were still better than brokerages’ expectations.Here are the top takeaways from Airtel's fourth quarter earnings:Profit down, but still surprisingConsolidated net income of Bharti Airtel plunged 78 per cent […]

  • JioPhone becoming meaningful force, says Credit Suisse
    on April 24, 2018 at 3:03 pm

    Financial services firm Credit Suisse estimates that about 40 million JioPhones have been sold so far and its increased acceptance could be a potential threat to incumbents’ subscriber base. It adds that the feature phone will make a meaningful contribution to Reliance Jio Infocomm’s (Jio) growth rates.“This is a product that has passed the early adopter stage and is getting well accepted – and that should be a reason for worry for the incumbents. Sooner than later, it […]

  • JioPhone becoming meaningful force, says Credit Suisse
    on April 24, 2018 at 3:03 pm

    Financial services firm Credit Suisse estimates that about 40 million JioPhones have been sold so far and its increased acceptance could be a potential threat to incumbents’ subscriber base. It adds that the feature phone will make a meaningful contribution to Reliance Jio Infocomm’s (Jio) growth rates.“This is a product that has passed the early adopter stage and is getting well accepted – and that should be a reason for worry for the incumbents. Sooner than later, it […]

  • Grooms not wanted: Techies are losing their charm in wedding market, courtesy Trump 
    on April 24, 2018 at 1:54 pm

    NEW DELHI: Indian IT engineers have been prized catches in the marriage market but slowly they are losing their hot status. Layoffs, pay cuts and US visa restrictions have taken the sheen off an Indian software engineer's job. Now the Donald Trump administration is terminating a provision which will further narrow the marriage prospects of Indian IT engineers. The Trump administration is planning to deny work permits to spouses of H1-B visa holders in the US. A 2015 rule issued by the Obama […]

  • Crude at $75 per barrel lifts Delhi petrol to Rs 74.63
    on April 24, 2018 at 12:44 pm

    A rise in global crude oil cost to around $75 per barrel lifted the domestic retail petrol price higher for the sixth consecutive day in New Delhi on Tuesday.Consequently, the widely-consumed transportation fuel became dearer by 13 paise to Rs 74.63 per litre from Monday's cost of Rs 74.50 per litre.As per data available on Indian Oil's website, Tuesday's motor spirit price level in New Delhi was the highest since September 14, 2013 when it had touched Rs 76.06 a litre.Besides New Delhi, petrol […]

  • Want to play the monsoon theme? Look at these 3 spaces
    on April 24, 2018 at 11:11 am

    Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities, says with normal monsoon predicted this year, consumption stocks including consumer durables, agro-chemicals and vehicle financing stocks are likely to be in limelight.Edited excerpts: What is happening with metal prices right now globally? Indian markets are a reflection of that, having run up on price hikes and now correcting, Do you think this fall will be bought into? Definitely, you can buy into the fall […]

  • Want to know when RBI will hike rate? Track India's core inflation
    on April 24, 2018 at 7:53 am

    By Anirban NagInvestors wrong-footed by the hawkish Indian central bank minutes might rather want to train their sights on underlying trends in inflation than the volatile headline number, analysts say.The Reserve Bank of India, which Bloomberg economists Tom Orlik and Justin Jimenez rate among the top 3 central banks that surprise the most, has a mandate to keep headline inflation around 4 per cent in the medium term. But commentary from members of RBI’s rate-setting panel show they are […]

  • When a Southern filmstar could have cut short Indira Gandhi's career, but didn't
    on April 24, 2018 at 5:15 am

    Raghavendra Rajkumar spills the beans ahead of his father’s 90th anniversaryIt was a by-election that, even back in 1978, everyone understood would change the course of Indian politics. Smarting from personal defeat and the Congress’ worst-ever loss of face in the General elections the previous year post Emergency, Indira Gandhi was making a last-ditch effort to jump back into relevance. The Janata Party in Karnataka and the rest of the other parties that had captured power at the […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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