Reliance Jio Grabs 6.4% Market Shares In 2016

New Delhi: Leading telecom majors Bharti Airtel, Vodafone and Idea Cellular saw their market shares shrinking in 2016, giving way to aggressive newcomer Reliance Jio that ended the year with 6.4 per cent market share, as per data by telecom regulator Trai. According to the yearly telecom services performance indicator report of the Telecom Regulatory More...

by Loknath Das | Published 3 months ago
By Loknath Das On Thursday, June 29th, 2017
0 Comments

Indian IT Export To Grow 7-8% In Current Fiscal, Says Nasscom

Hyderabad: Indian IT export is projected to grow by 7-8 per cent in 2017-18, industry body Nasscom said in its guidance today. The domestic market is expected to grow 10-11 per cent, it said. The IT-BPM industry More...

By Loknath Das On Thursday, June 22nd, 2017
0 Comments

Telecom Sector Woes Do Not Pose Systemic Threat To Banks, Says Fitch

Mumbai: In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country’s banks do not have large exposure to the telecom sector, but defaults More...

By Loknath Das On Tuesday, June 20th, 2017
0 Comments

General Motors India dealers to meet this week over ‘measly’ compensation issue

Dealers of General Motors in India have decided to meet later this week to decide on the future course of action, including taking the legal route, against the American automaker over measly compensation. A majority More...

By Loknath Das On Saturday, June 17th, 2017
0 Comments

Reduce GST on yarn from 18 to 12%: Textile industry

The Textile industry in the region today expressed the hope that the June 18 GST council meeting would consider reducing the GST rate on Man Made Fibres, filaments and yarns from 18 per cent to 12 per cent. There More...

By Loknath Das On Saturday, June 17th, 2017
0 Comments

Employer Confidence In India Dips To Lowest Since 2005: Report

New Delhi: Indian employers expect a steady hiring outlook for next three months, but their confidence has dipped to the least optimistic level since 2005 amid uncertainties in global markets, according to a report. More...

By Loknath Das On Saturday, June 17th, 2017
0 Comments

Government Working On New Industrial Policy

New Delhi: The government is working on a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. “With the changing More...

By Loknath Das On Friday, June 16th, 2017
0 Comments

Industrial production growth slows to 3.1% in April

Industrial production growth slipped to 3.1% in April due to poor show by manufacturing, mining and power sectors coupled with lower offtake of capital goods and consumer durables. The slip is significant compared More...

By Loknath Das On Tuesday, June 13th, 2017
0 Comments

Heavy industry minister Geete to talk to FM Jaitley on lowering GST on hybrids

Union heavy industries minister Anant Geete on Monday said he will take up the issue of lowering the 43% tax rate on hybrid vehicles under GST with finance minister Arun Jaitley. On Sunday, Jaitley hinted that More...

By Loknath Das On Wednesday, June 7th, 2017
0 Comments

Infosys’ Pravin Rao: Clients seek 20-30% cost take-out on existing work over 3-5 yrs

India’s USD 150-billion IT industry is in the midst of a pronounced slowdown, as clients are asking IT services companies to carry out the same projects at prices which are 20-30 percent lower than before. More...