This is the most difficult time for telecom industry: Sunil Mittal
Mittal said the govt needs to take a sympathetic view towards the sector on AGR and multiple levies.
Buy Britannia Industries, price target Rs 3,250: Shrikant Chouhan
The analyst suggested a stoploss at Rs 3015
IBM brings weather forecasting model for governments, industries, farmers
IBM has launched a global high-resolution atmospheric forecasting s...
Looking at telecom industry demand to fix floor price: Trai
Trai had, in past, vehemently opposed any intervention by the regulator in setting either cap or floor tariffs, and the U-turn in its thought process came a day after Bharti Airtel head Sunil Mittal reportedly pressed Telecom Secretary for setting a floor or minimum rate for data.
TRAI looks to check misuse of recalled numbers
“Providing a revocation list is important to check misuse. If a consumer surrenders a number, the transactional one-time password will go to the original number. There was no way of redirecting and the new user may gain access to another’s identity,” Telecom Regulatory Authority of India (TRAI) chairman Ram Sewak Sharma told ET.
Industry bodies concerned over data protection Bill, say it 'compromises' on privacy
The Internet and Mobile Association of India (IAMAI) said the Bill in its current form "compromises" on privacy of Indian citizens as "it has built in far too many exceptions for government agencies to access personal information of the citizens".
Overall global slowdown impacted textiles but no report on decline in industry: Smriti Irani
“Overall global growth slowdown no doubt impacted the growth of most of the domestic sectors including textiles and subsequent improved demand and profitability will no doubt be partly countered by sticky working capital requirement,” she said in a written reply to a question on expected improvement in overall credit profile of textile sector
ICRA maintains negative year-end outlook for telecom industry
The Oct 24 order by the top court on AGR has added to the woes of already distressed telcos.
Buy Century Textiles & Industries, price target Rs 508: CK Narayan
The analyst suggested a stoploss at Rs 488
Buy Lux Industries, price target Rs 1,475: Jayesh Bhanushali
The analyst suggested a stoploss at Rs 1350.
Will not hesitate to take measures to protect competitiveness of industries: EU
EU leaders are set to discuss the European Green Deal, a plan that will commit member states to reduce their net greenhouse gas emissions to zero by 2050, on Wednesday. There are concerns that aggressive policies to reduce economy-wide emissions by EU member states could put domestic industry at a disadvantage compared to industries from countries that not undertaking similar policies.
Kunal Bothra’s 3 high momentum picks for next week
The market breadth has been improving and not just in terms of the advance decline ratio. Earlier, the rally had started from the low beta or defensive stocks like pharma and the IT stocks. Then in the second half of the week, we saw the metals as well as PSU banking pack pick up quite a bit of a pace.
Metal stocks gain on likely trade deal
Vedanta, Hindalco Industries, Tata Steel and Steel Authority of India advancing 2-4%.
NPPA hikes 21 formulations’ prices by 50%
The National Pharmaceuticals Pricing Authority (NPPA) invoked paragraph 19 of the Drug Prices Control Order to grant a 50% increase in the prices of 21 drug formulations. With the cost of raw material imported from China increasing 50-200%, pharma groups had approached the government to invoke extraordinary powers and increase the prices of drugs.
Carmakers give last of the best BS-IV discounts
Automakers are offering record high discounts in December, these range from 5% to 15%.
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