Report: Rupee depreciation may raise cost of imported telecom gear, push up capital expenditure
Depreciation in Indian rupee and African currencies against the US dollar may raise the cost of imported telecom equipments, including for Bharti, pushing up the capital expenditure, according to a report by Axis Capital. The report said while telcos’ capex has been hit globally due to COVID-19 lockdown, growth of telecom...
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Relaxing trading window closure for ‘insiders’ may go against investors’ interest: Experts
06 April 2020 | PTI -
Govt tightens export ban norms for anti-malarial drug hydroxychloroquine
06 April 2020 | PTI -
FPIs pull out record Rs 1.1 lakh cr in March
06 April 2020 | PTI -
Centre asks States to ensure truck drivers, labourers go for work
06 April 2020 | PTI -
Govt reassures PSBs of capital infusion: Report
06 April 2020 | Agencies -
Yes Bank commits Rs 10 crore for COVID-19 relief works
05 April 2020 | PTI -
Metro Railway provides food, basic facilities to workers
05 April 2020 | PNS
Cyber security agency cautions against fake PM-CARES UPI IDs
The national cyber security agency has alerted donors against fake ‘UPI IDs’ for a special fund launched by Prime Minister Narendra Modi to combat the COVID-19 pandemic. In an advisory issued on Saturday, the Indian Computer Emergency Response Team (CERT-In) said it has “tracked several fake UPI IDs which are...
RIL aircraft ferries 6,000 PPE kits to Mumbai
An aircraft of Reliance Industries Limited (RIL) has flown in 6,000 personal protection equipment (PPE) kits or coveralls for the frontline health workers in Mumbai fighting the Covid-19 outbreak. “6,000 PPE lifted & flown straight to Mumbai for our frontline #HealthWarriors fighting to protect Mumbaikars!”, the Brihunmumbai Municipal Corporation (BMC) said...
Explained: Here’s how power system will be managed during lights-out today
A 9-minute lights-out by most of households on Sunday evening can potentially collapse the grid due to sudden drop and then a quick surge after the event. But to manage the dramatic changes in electricity and its impact on the grid, the government has drawn an elaborate plan to manage...
I-T dept allows more time to individuals to file TDS exemption forms
The Income Tax Department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption from TDS on interest income to mitigate the hardship of people amid the Covid-19 crisis. Forms 15G and 15H are filed by persons whose incomes are below the...
‘Economic recovery to be smoother, faster in India’
Once the Covid-19 pandemic ebbs, the course of economic recovery in India will be smoother and faster than that of many advanced countries, according to KPMG. UNCTAD in its latest report on Covid-19 impact on developing countries has predicted that the major economies to be least exposed to recession would be...
Stocks fall on Wall Street, heading for another weekly loss
Stocks are falling in afternoon trading Friday, putting Wall Street on track for its third losing week in the last four. The losses came after the government said U.S. employers cut 701,000 more jobs than they added last month, the first drop in nearly a decade. Many businesses have screeched to...
Stock market tumbles, Sensex settles below 28,000
Equity indices spiralled lower for yet another session on Friday, pressured by heavy selling in bank stocks, as the the steady rise in Covid-19 cases fuelled uncertainty over the economic impact of the pandemic. Unabated foreign fund outflows and a depreciating rupee, which skidded below the 76-mark against the dollar,...
