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Consolidation in line with global practice, says Trai chief RS Sharma

Consolidation in line with global practice, says Trai chief RS Sharma

Telecom Regulatory Authority of India chief R S Sharma has reiterated that consolidation in the domestic sector is in line with the international practice.

“My sense is that the sector is going to acquire stability, and looking at the examples around the world, 3+1 is a good number. I don’t see this number going down,” he said on the sidelines of an event here.

EC likely to announce Lok Sabha poll schedule in March first week: Sources

EC likely to announce Lok Sabha poll schedule in March first week: Sources

The dates for the Lok Sabha elections are likely to be announced in the first week of March, sources indicated on Friday.The term of the present Lok Sabha ends on June 3.

The Election Commission is in the process of deciding the number of phases and the months in which polling would be held, they said.

India vs Australia 3rd ODI: As it happened in Melbourne

India vs Australia 3rd ODI: As it happened in Melbourne

MS Dhoni hit his third half century in as many matches while Kedar Jadhav scored an unbeaten fifty as India beat Australia by 7 wickets in the third and final match to win the ODI series 2-1.

Chasing a target of 231, India lost Rohit Sharma early. However, Shikhar Dhawan and Virat Kohli moved the score ahead. It was left to Dhoni along with Jadhav this time to take India home again.

Sun Pharma seeks Sebi help, shares plummet after whistleblower complaint

Sun Pharma seeks Sebi help, shares plummet after whistleblower complaint

Sun Pharmaceutical Industries Friday asked markets regulator Sebi to look into the issues of certain entities and individuals allegedly adopting unfair trade practices prejudicial to the company's shareholders.

Against the backdrop of reports that a second whistleblower complaint has been filed against it and shares taking a beating on the exchanges, Sun Pharma has written to Sebi flagging concerns that certain entities are allegedly adopting unfair trade practices.

Suzuki to commission third plant at Gujarat by 2020; launch hybrid vehicles

Suzuki to commission third plant at Gujarat by 2020; launch hybrid vehicles

Japanese auto maker Suzuki Motor Corporation Friday said it will commission its third plant at Gujarat by 2020 and will aggressively introduce new hybrid vehicles in India with technical support from Toyota.

Speaking here at the Vibrant Gujarat Global Summit here, Suzuki Motor Corporation (SMC) President Toshihiro Suzuki also sought an enabling policy support from the government to further invest in localisation of components of hybrid and electric vehicles.

Wipro nears 52-week high ahead of board meet for bonus issue, Q3 results

Wipro nears 52-week high ahead of board meet for bonus issue, Q3 results

Shares of Wipro were trading firm at Rs 341 apiece, up 1.5 per cent on the BSE, in an otherwise subdued market, ahead of the board meeting today to consider bonus issue and December quarter results.

in comparison, the S&P BSE Sensex was down 0.15 per cent at 36,320 points at 11:06 am. Wipro was trading close to its 52-week high of Rs 344 hit on December 13, 2018, on the BSE in intra-day trade.

Sensex, Nifty start on a volatile note; Sun Pharma tanks 10%

Sensex, Nifty start on a volatile note; Sun Pharma tanks 10%

The BSE benchmark Sensex and NSE Nifty on Friday started on a volatile note tracking heavy selling on pharma and banking banking counters amid weakening rupee.

After opening marginally higher, the 30-share index turned negative and was trading 79.53 points, or 0.22 per cent, lower at 36,294.55 in early trade.

Mukesh Ambani-led Reliance becomes the first private company to earn Rs 10,000 crore quarterly profit

Mukesh Ambani-led Reliance becomes the first private company to earn Rs 10,000 crore quarterly profit

Reliance Industries (RIL) reported a strong set of numbers for the three months ended December 2018, beating Street estimates on all fronts. The company’s consolidated net profit increased nearly 9% year-on-year to Rs 10,251 crore.

With the profit of over Rs 10,000 crore, RIL has become the first private sector company to cross this number.

ISRO set to launch satellite to help MHA secure borders

ISRO set to launch satellite to help MHA secure borders

A satellite will be launched by the Indian Space Research Organisation (ISRO) exclusively for the Home Ministry to help it further strengthen its frontiers. The move is part of recommendations made by a task force on the use of space technology in improving border management which have been accepted by Home Minister Rajnath Singh.

Trump to appoint Indian American Prem Parameswaran to US advisory committee

Trump to appoint Indian American Prem Parameswaran to US advisory committee

US President Donald Trump has announced his intent to appoint Indian American Prem Parameswaran to a presidential advisory committee, according to a White House release.

Parameswaran is the only Indian American among the 12 members the president intents to appoint to the President's Advisory Commission on Asian Americans and Pacific Islanders.

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