Education Protest South India

Sack Vice Chancellor Surappa and Save Anna University DMK takes war path

In a statement DMK Leader M.K Stalin, citing Surappa’s letter to the Centre stating that the Anna University can raise Rs 1,500 crore on its own over a five year period and doesn’t need the state government’s assistance, said if Surappa had written it without Tamilnadu CM  Palaniswami’s consent, then the Chief Minister immediately recommend Read More…

Companies Indian Subcontinent Industries Market Supreme Court

Supreme Court gives time for telecom firms to pay back AGR dues in 10 years

Telecom providers pay the department of telecommunications (DoT) nearly 3-5% of their AGR in usage charges for spectrum or airwaves and 8% of AGR as licence fees.   The top court had in its verdict on October 24, 2019, upheld the interpretation given to the definition of AGR by DoT and included revenues from various Read More…

Companies Industries Supreme Court

Mukesh’s Jio uses Anil’s Spectrum and Solicitor General stand expose new Spectrum scam on cards

The Supreme Court on Monday asked the government to explain why Reliance Jio, which is earning revenue by sharing Reliance Communication’s (RCom) spectrum, be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government.   The government told the top court there is a difference of opinion between two ministries (Department Read More…

Business Companies Industries Market

Facebook Reliance alliance gives alarm bell for amazon Flipkart

US tech giant Facebook announced that it would invest Rs 43,547 crore ($5.7 billion) in RIL’s wholly-owned subsidiary Jio Platforms to expand its presence in India.   Facebook’s investment translates into 9.9 per cent stake in Jio. This would be Facebook’s biggest minority shareholding ever. This is also the largest foreign direct investment for minority Read More…

Companies Technology

BSNL board on Feb 15 to decide on major recommendations of expert committee

BSNL’s board, which is meeting in New Delhi on February 15, is expected to discuss recommendations made by an expert committee, highly-placed sources reveals   The state-owned telecom services provider Bharat Sanchar Nigam Limited (BSNL) is mulling over a massive reduction in its workforce to the tune of 54,451 workers by reducing the retirement age Read More…

Companies Market National Opinion Supreme Court

Jio growth to get slower after SC bars aadhaar link to SIM

The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share, analysts said.  Jio added 11.78 million customers in July, outpacing Airtel’s 313,000, Vodafone India’s 609,000 and Idea Cellular’s paltry 5,489, according to Read More…

Companies Industries Legal Technology

Mobile Companies Instructed to submit plan to discontinue Aadhar based eKYC

The Supreme Court, last week, struck down Section 57 of the Aadhaar Act, which allowed private companies to use the 12-digit biometric ID-based eKYC.  Days after the Supreme Court imposed curbs on the use of Aadhaar, biometric-issuing authority UIDAI Monday asked telecom companies to submit, within the next 15 days, a plan to stop using Read More…

Business Industries

SBI teams up with Reliance

Mrutyunjay Mahapatra, deputy managing director (strategy) and chief digital officer, SBI, and Alok Agarwal, chief financial officer, RIL, exchanging the signed MoU to deepen digital partnership, in the presence of Rajnish Kumar, chairman, SBI, and Mukesh Ambani, chairman and managing director, RIL, in Mumbai. State Bank and Reliance Jio, which are partners in a payment Read More…