India News
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Leading telecom companies including Bharti Airtel, Vodafone Idea, and Tata Group are planning to communicate to the Department of Telecommunications (DoT) that while they will comply with the Supreme court order on paying adjusted gross revenue (AGR) dues, they will wait till next week, when their “modification” petition is heard in the apex court, before paying.
The move means the telcos will skip the January 24 deadline the court gave for paying the government Rs 1.47 trillion.
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Gangster Ejaz Lakdawala, arrested by Mumbai Police's anti-extortion cell on January 8, revealed crucial information about Dawood Ibrahim, saying that he provided logistical or financial support to Hafiz Saeed, according to sources quoted by Zee Media.
Lakdawala informed investigators that Pakistan Army's senior officers often visited his Karachi residence. From the officials, he learned that Dawood provided either logistical or financial support to Hafiz Saeed and others.
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Delhi Chief Minister and AAP national convenor Arvind Kejriwal on Wednesday said his government did a lot for the people of the city in its five-year tenure but needed more time to complete the work pending for 70 years.
We have tried our best to give maximum benefit to the people of Delhi... to make their lives prosperous. We have made water and electricity free, improved the education and health care system.
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Netflix Inc missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney Co and Apple Inc in the streaming video wars.
The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates but missing estimates for U.S. subscriber growth.
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Shares of Central Public Sector Enterprises (CPSEs) were under pressure with Nifty CPSE index falling 3 per cent on the National Stock Exchange (NSE) on Wednesday.
Oil and Natural Gas Corporation (ONGC), Oil India and Coal India dipped more than 4 per cent in the intra-day trade. NTPC, Bharat Electronics, Power Finance Corporation (PFC), NBCC, NLC India and Indian Oil Corporation (IOCL) were down in the range of 1 per cent to 3 per cent on the NSE.
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Delhi Chief Minister Arvind Kejriwal filed his papers from New Delhi assembly constituency seat on the last day of nomination, on Tuesday evening after being made to wait for hours.
The AAP chief was forced to wait in line to file his nomination as there were more than 40 candidates ahead of him who were at the Returning Officer's office to file papers.
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The Supreme Court on Wednesday made it clear that it will not grant any stay on the Citizenship Amendment Act (CAA) without hearing the Centre and said it may refer pleas challenging the validity of the Act to a larger Constitution bench. The apex court gave Centre four weeks to respond to pleas challenging validity of CAA.
A bench headed by Chief Justice S A Bobde is hearing a batch of 143 pleas challenging the validity of CAA, including those filed by the Indian Union Muslim League (IUML) and Congress leader Jairam Ramesh.
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Shares of Havells India slipped 5 per cent to hit a 52-week low of Rs 589 on the BSE in Wednesday's early morning deals after the company reported a weak operational performance for the third quarter ended December 2019 (Q3FY20).
The company’s standalone EBITDA (earnings before interest, tax, depreciation, and amortization) declined 8 per cent year on year (YoY) to Rs 267 crore. Net revenue was down 10 per cent YoY at Rs 2,269 crore during the quarter.
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Shares of Asian Paints slipped around a per cent in the early trade on Wednesday ahead of its December quarter results due later in the day. Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis while softer crude prices are expected to aid gross margin expansion of the company.
Analysts at KR Choksey see sales (revenue) growing 8.31 per cent year-on-year (YoY) to Rs 5,734 crore. Sequentially, the numbers are expected to rise 13.5 per cent.
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Shares of Zee Entertainment Enterprises skid 4 per cent to Rs 272.45 on the BSE on Wednesday after the broadcasting company put up a weak December quarter (Q3FY20) show. It's profit before tax (PBT) declined 37 per cent to Rs 510.8 crore, coupled with a cut of 16 per cent in advertising revenue at Rs 1,230.8 crore.
For the quarter under review, the company posted a consolidated net profit of Rs 349.4 crore, as against profit of Rs 562.4 crore in the corresponding quarter of the previous fiscal.
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