Telecom operators added 1.98 million subscribers in June, which is not only a decline for the third consecutive month, but also the lowest in the first half of the current calendar year. The additions fell by 13% compared to May 2017 during which the telecom operators collectively added 2.27 million subscribers, latest data by industry body COAI show.

An analysis of the data shows that additions during last month are the lowest so far in the 2017 calendar year. In January this year, telcos added 5.15 million subscribers, 2.27 million (February), 5.68 million (March), 2.8 million (April) and 2.27 during May.

The Haryana government has issued notices to 10 developers for advertising their projects without getting registered under the state’s Real Estate (Regulation and Development) Act. These developers are Chintel India, Pivotal infrastructure, Maxworth, DLF, Bestech, Tulip Infrastructure, Ambience Infrastructure, Mangalam Multiplex, Mansha Buildcon and Signature Global.

The government today informed Parliament that around 188 authorised private ticket reservation counters are functioning in the country, adding that it is looking to increase the number of such centres. In a written reply in the Lok Sabha, Minister of State for Railways Rajen Gohain said that the government is seeking more applications for running such centres (Yatri Ticket Suvidha Kendras) from authorised ticketing agents with five years of experience.

Bajaj Auto reported 19.51 percent decline in consolidated net profit to Rs 836.79 crore for the June quarter of current fiscal, on account of lower sales on Thursday.

It had posted net profit of Rs 1,039.70 crore in the April-June quarter of last fiscal. Bajaj Auto said in a BSE filing that its total income from operations during the quarter under review stood at Rs 6,177.66 crore as against Rs 6,355.84 crore in the April-June quarter of 2016-17.

The counting of votes for the presidential election held on Monday began at 11:00 am on Thursday and the name of the next occupant of the Rashtrapati Bhawan would be known by 5.00 PM.

First, the ballot box of Parliament House will be opened, and then, the ballot boxes received from states would be counted on alphabetical basis.

Wipro, country's third largest software services firm, is expected to report a marginal sequential drop in constant currency revenue for the June quarter later in the day, while the company will also consider a proposal for buyback of its equity shares.

Analysts believe revenue growth in CC terms would be well within its earlier guidance of negative 2% to nil growth for the quarter. In dollar terms, the revenue is seen declining by 0.1-0.5%.

The Union Cabinet has approved the plan to sell the government's 51 per cent stake in state-refiner HPCL to explorer ONGC.

For the government and economy, this move has multiple benefits. This single deal alone would fetch about 41 per cent of the total divestment target of Rs 72,500 crore, assuming that the deal happens at HPCL’s current market cap of Rs 58,500 crore. Though the management control would stay with the government through ONGC, in which it holds a 68.07 per cent stake, technically, the government’s hold over HPCL would be reduced from 51.11 per cent to 35 per cent (68.07% of 51.11%) effectively.

Tata Group, the Indian conglomerate that manages more than 100 operating companies, is weighing a plan to streamline its information technology and infrastructure businesses, people with knowledge of the matter said.

The conglomerate is considering a restructuring that would see several of its IT businesses moved under publicly traded Tata Consultancy Services (TCS), according to the people. Tata group, which wants to reduce the number of companies it oversees, may sell some smaller units that don’t fit with its strategy, the people said, asking not to be identified because the information is private.

The Securities and Exchange Board of India (Sebi) is planning to clamp down on depository receipts (DRs) as part of efforts to check the flow of black money into the stock market.

Sources said Sebi planned to make it mandatory for foreign depositories to reveal details of end-beneficiaries holding DRs issued by Indian companies. The new framework will align know-your-customer (KYC) requirements for DRs with provisions to prevent money laundering.

Reliance Communications’ Unlimit today announced a strategic alliance with Chinese telecom gear maker Fibocom to design and manufacture modules for wireless communications and develop internet of things (IoT) solutions. Unlimit said the number of connected devices in India is projected to rise from 200 million today to 3 billion by 2020, and nearly every part of the economy will be positively impacted by IoT.

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