Actor Kamal Haasan, who is all set to launch his political party in Madurai today, faced his first political hurdle today after the school education department denied him permission to visit a Rameswaram school where former President APJ Abdul Kalam studied.

Haasan who began his political journey with the visit to Kalam’s residence was scheduled to visit the school and to interact with the students but Hindu Munnai, a fringe outfit, opposed his visit.

Cellular Operators Association of India (COAI) on Tuesday lashed out at Telecom Regulatory Authority of India (Trai) saying its latest tariff order amendment strengthens the ambitions of one particular operator with deep pockets and monopolistic designs.

Without naming the new telecom player Reliance Jio, COAI in a statement said, "Over the past 12-18 months, regulation after regulation put out by Trai have ended up in distorting the competitive landscape in favour of one operator while putting all other operators at a serious disadvantage.

Bharat Sanchar Nigam Limited (BSNL) is making progress in bringing down its unpaid dues through an ongoing nationwide recovery drive, an official said here on Tuesday.

According to officials of Calcutta Telephones, the recovery drive till March 31 had so far contributed substantially to the circle's earnings, at a time when revenues are under pressure due to falling tariffs.

An otherwise strong earnings season for India’s companies is proving just not good enough for some, after a surprise loss by the country’s biggest bank renewed worries over credit quality.

State Bank of India’s December-quarter results spurred Motilal Oswal Securities Ltd. to pare its earnings per share estimate for NSE Nifty 50 Index firms by 3 per cent for the current fiscal and by 0.6 per cent for the financial year starting April 1.

Central trade unions in coal sector opposed opening up of commercial coal mining for private sector after the Union Cabinet on Tuesday approved the methodology for auction of coal mines for sale of coal.

"We oppose the move as the decision was taken arbitrarily without discussing with us. We will soon come out with a decision," said the RSS-backed Bhartiya Mazdoor Sangh affiliated Akhil Bhartiya Khadan Sangh President Brajendra Kumar Ray said.

The bids of both Numetal, a company having VTB Bank as a majority shareholder and the Ruias as a minority partner, and ArcelorMittal for Essar Steel have failed the eligibility test of the legal advisors appointed by the resolution professional as both bidders had connections with non-performing assets (NPAs) in India.

The resolution professional could seek another legal opinion or approach the National Company Law Tribunal on the point of law.

The National Association of Software and Services (Nasscom), the industry body of the Indian IT and business process management (BPM) sector, on Tuesday said the country’s IT exports could grow between 7 and 9 per cent in 2018-19.

"We estimate a 7-9 per cent growth rate in IT and IT-enabled services for 2018-19. Domestic revenues may grow slightly higher at 10-12 per cent, while exports, the mainstay, may lag in 2018-19," R Chandrashekhar, Nasscom president, told reporters here at its annual India Leadership Forum.

RIL on Tuesday said it will acquire 5 per cent stake in NYSE listed Eros International for Rs 10 billion with a view to producing and acquiring Indian films and digital originals across all languages.

Reliance Industries Limited (RIL) and Eros International Plc announced that RIL, through a subsidiary, "has agreed to subscribe to a 5 per cent equity stake" in Eros at a price of $15 per share, the company said in a statement.

The popular cryptocurrency Bitcoin was trading at $11,252.44 on CoinDesk’s Bitcoin Price Index (BPI) today in India, at the time of writing the report. Bitcoin reached $11,640.18 earlier on Tuesday. In February earlier this year, popular cryptocurrency declined below $6,000 level for the first time since month of November. In mid-November last year, Bitcoin hit $20,000 level. However, once again, the popular cryptocurrency has recovered and is trading above $11,000.

Wipro consumer care and Lighting has launched Wipro Z Nxt, an integrated home automation solution. The system helps user get the complete control of the house/office components with the help of their smartphones. It integrates easily with all the home appliances without replacing the existing switches and wires. All electrical appliances can be easily controlled from an android/iOS app, a remote controller and through voice recognition.

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