DIGITAL COMMUNICATIONS COMMITTEE
Lifesciences delivers; BFSI, retail drag TCS' growth in Q3: Key takeaways
TCS logged Rs 8,118 cr profit against Rs 8,105 cr net reported for the same quarter last year.
RCom's committee of creditors to meet on Wednesday
Reliance Communications' committee of creditors (CoC) will hold a meeting on Wednesday, th...
TCS Q3 results preview: Here are key things to watch out for
Analysts tracking the IT major expect profit growth in the range of -2 per cent ...
Infosys' audit committee finds no wrongdoing, SEC investigation continues
In October, a whistleblower mailed the Infosys board with a slew of charges against salil Parekh & Nilanjan Roy.
ICICI Securities warns that Jio will be hurt if it does not bag RCom’s spectrum
The brokerage firm’s warning comes on the back of asset reconstruction company UVARCL being selected by RCom’s committee of creditors (CoC) as the top bidder for RCom and Reliance Telecom’s assets which mainly include –spectrum and data centres.
Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assets
Bankers have named Jio as the preferred bidder for the tower and fibre assets housed in Reliance Infratel, while UVARCL will acquire the spectrum of RCom and its subsidiary Reliance Telecom. The combined offer from UVARCL and Jio is higher than the offer from Bharti Airtel — which had an NPV of Rs 8,500 crore.
Telecom sector demands tax rationalisation, line of credit
The telecom players sought the government’s support to lessen the regulatory levies including the reduction of Universal Service Obligation Fund (USOF) charge to 3%, and reduction of license fee from 3% to 1%, as a part of their pre-budget 2020-21 demand.
Jio, UVARC emerge top bidders for RCom assets
Reliance Jio had placed Rs 4,700-crore bids for mobile tower and fibre assets of RITL. With this, the 38 lenders of RCom would recover 75% of the total outstanding of around Rs 33,000 crore. This is the highest-ever recovery of dues by financial creditors in the telecom sector that has seen the exit or shutdown of 9 out of 12 telecom companies since 2012.
Zero MDR good, but govt reimbursements will help payment cos: Vijay Shekhar Sharma
Zero percent MDR with reimbursement would be an ideal move, says Vijay Shekar Sharma.
We are forming a response security committee, which will look into whatever has happened, says JNU VC
When asked whether the university will conduct an inquiry into the matter, Kumar said, “The university is looking into it. We are forming a response security committee, which will look into whatever has happened and bring the facts out."
Mega spectrum auction likely to net only Rs 40,000 crore, say analysts
On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Nordic countries are the new hotspot for Indian IT
The Nordic countries — Finland, Sweden, Norway, Denmark and Iceland — are largely English speaking, which removes the language barrier that exists in some other countries within continental Europe.
All communications to taxpayers to bear document identification number: CBIC
Earlier in November, the DIN system was made mandatory only for search authorisation, summons, arrest memo, inspection notices and letters issued by the Central Board of Indirect Taxes and Customs (CBIC) in the course of any enquiry. The government has already executed the DIN system in the direct tax administration from October 1.
DoT to seek Trai proposal on pricing of 26 GHz band
The Department of Telecommunications will now seek pricing recommendations from the Trai for the band.
Paytm launches all-in-one QR for merchants
This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee, Paytm Founder and Chief Executive Officer Vijay Shekhar Sharma said at the launch.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service