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Trai to meet telco chiefs in December, issue OTT paper next week

Trai to meet telco chiefs in December, issue OTT paper next week

NEW DELHI: India’s telecom regulator will meet top executives of mobile phone companies next month to chalk out an action plan for 2019 and may issue a consultation paper next week on whether Over-the-Top (OTT) apps such as Skype, WhatsApp and Google Duo should be regulated.

Air India ground staff strike in Mumbai delays over 30 flights

Air India ground staff strike in Mumbai delays over 30 flights

More than 30 flights operating through the Mumbai airport were delayed by 2-6 hours after about 400 employees of Air India’s ground handling unit struck work since Wednesday night.

Flights were delayed between 11 pm Wednesday and 12 pm Thursday, said multiple people aware of the situation. There were, however, no cancellations, they said.

FSSAI to tighten noose for turning ‘chandi vark’ green

FSSAI to tighten noose for turning ‘chandi vark’ green

Silver leaf or ‘chandi ka vark’ manufacturers beware! If found using any material of animal origin in silver leaf (chandi ka vark), which is used for decorating sweets, you could face legal action.

Silver leaf or vark is used not only in sweets and confectionaries like cakes and chocolates but also in syrups like that of Kesar (saffron) and as an ingredient in various ayurvedic and herbal products, summer drinks and Chyawanprash, etc.

Cabinet clears extension of ITI quota for procurement by BSNL, MTNL, BBNL

Cabinet clears extension of ITI quota for procurement by BSNL, MTNL, BBNL

The Cabinet on Thursday approved continuation of quota for state-owned ITI Ltd in procurement made by three telecom firms — BSNL, MTNL and BBNL.

"Provision of procurement quota from BSNL, MTNL and BBNL will provide further boost to the order book of ITI and help in improving its financial health," an official statement said.

Rupee rises 35 paise to 72.65 against US dollar in early trade

Rupee rises 35 paise to 72.65 against US dollar in early trade

The rupee appreciated 35 paise to 72.65 against the dollar in early trade Friday, following US mid-tem election results and easing crude oil prices.

Forex traders said the rise was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas.

BSNL launches alternative digital KYC for new connections

BSNL launches alternative digital KYC for new connections

State-owned Bharat Sanchar Nigam Ltd (BSNL) has launched an alternative digital KYC process for issuing new connections across various circles, a top official has said.

The telecom PSU has informed the Department of Telecom (DoT) about the new system which has been rolled out, Chairman and Managing Director Anupam Shrivastava said.

3 firms may let share sale deadlines lapse this month

3 firms may let share sale deadlines lapse this month

Mumbai: At least three companies will see their respective initial public offering (IPO) approvals from the Securities and Exchange Board of India (Sebi) expire this month, almost 12 months after receiving the regulator’s nod.

The companies—Anil Ambani-led Reliance General Insurance Co. Ltd, Baring Private Equity Asia-owned CMS Infosystems Ltd and shipping company Seven Islands Shipping—had filed their draft red herring prospectus in September-October 2017.

Sensex down over 100 points on weak global cues

Sensex down over 100 points on weak global cues

Benchmark stock indices opened on a negative note on Friday following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month.

The BSE Sensex was trading 114.08 points, or 0.32 per cent, lower at 35,123.60. It had dropped 226.45 points in opening trade.

Amazon Alexa now ‘echoes’ from Valley to Kanyakumari

Amazon Alexa now ‘echoes’ from Valley to Kanyakumari

Amazon is betting big to sell its voice-activated artificial intelligence assistant Alexa in the country and woo Indian consumers. The online retail giant said that Alexa had acquired 20,000 skills such as telling cricket score, conducting quizzes and doing utilities to serve Indian customers since last October when it launched Alexa-powered Amazon Echo line of speakers in the country.

NTPC under-recovery flags coal supply crisis

NTPC under-recovery flags coal supply crisis

That a large part of NTPC’s reported under-recoveries of Rs210 crore in Q2FY19 was due to unavailability of coal exacerbated the coal supply crisis in the country. The company had reported Rs 1,400 crore of under-recovery in FY18, of which Rs800 crore was due to coal shortage.

The company’s net profit slipped 1.1% year-on-year (y-o-y) to Rs2,417.6 crore in the quarter. Fuel stock at NTPC’s power plants remains low with current coal stock of 3.7 MT from a high of 6.9 MT.

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