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Telecom Commission nod for sharing of in-building infra

Telecom Commission nod for sharing of in-building infra

Telecom Commission, the highest policy-making body of the Department of Telecommunications, has approved sharing of in-building infrastructure among telecom operators. This development will enable telecom players to arrest call drops inside buildings, malls and other such areas.

Earlier this year, telecom regulator Trai had recommended that it should be mandatory for telcos and tower firms to share in-building infrastructure in residential and commercial complexes and large public places like malls, hotels and airports to boost the overall quality of indoor coverage.

Sensex rise in early trade, Nifty reclaims 10,000 mark; Religare stocks shine

Sensex rise in early trade, Nifty reclaims 10,000 mark; Religare stocks shine

Key indices on Tuesday opened in green. In opening trade, the 30-share BSE Sensex was up 82.94 points at 31,929.83 and the 50-share NSE Nifty gained 23.75 points at 10,012.50.

At 10:54 AM, Sensx was in green with 93.82 points, up by 0.29% to reach at 31,940.71. Nifty on the other hand had reclaimed it 10,000 mark and was trading with 23.95 points at 10,017.25.

L&T wins EESL tender for 5 mn smart meters

L&T wins EESL tender for 5 mn smart meters

Larson & Toubro (L&T) emerged as the lowest bidder for selling 5 million smart meters in the tender issued by Energy Efficiency Services Limited (EESL).

The company has been selected through an international competitive bidding. L&T quoted the lowest price of Rs 2,722, per single phase smart meter, said EESL in a public statement. The price quoted by L&T is 40-50% lower than the current market rates.

At 75, Amitabh Bachchan remains the most-wanted endorser in Bollywood

At 75, Amitabh Bachchan remains the most-wanted endorser in Bollywood

Everyone is looking for the original Don of Bollywood — and with good reason. In the fickle business of stardom, Amitabh Bachchan — who turns 75 this Wednesday — has managed to remain relevant, anchoring Kaun Banega Crorepati, starring in films, and endorsing products.

Currently, he is one of the busiest actors in the country. After he is done shooting for KBC for Sony TV, he will be on the sets of 102 Not Out — a feature film in which he plays Rishi Kapoor’s father.

Guess who is India's premium smartphone leader; it's not Apple or Samsung

Guess who is India's premium smartphone leader; it's not Apple or Samsung

The top smartphone-maker in the premium segment in India is neither Apple nor Samsung. It is Chinese brand OnePlus, the latest data from IDC shows.

Data for online smartphone sales in Q2 2017 puts OnePlus at a substantial lead with 57 percent market share, well ahead of Apple’s 38 percent. Samsung is a distant third with 4 percent. All the other brands occupy the remaining 1 percent. IDC sets $400 as the cutoff point for the premium segment.

Infosys extends gain on fixing record date for share buyback

Infosys extends gain on fixing record date for share buyback

Infosys was up 2.4% to Rs 945 on BSE in intra-day trade, extending its 3% gains of the past three trading sessions, after the company fixed November 1, 2017 as record date for share buyback.

“The Buyback Committee has approved and fixed Wednesday, November 1, 2017 to be the Record Date for determining the entitlement and the names of the equity shareholders, to whom the Letter of Offer will be sent and will be eligible to participate in the buyback which was approved in the Board Meeting on August 19, 2017,” Infosys said on Monday after market hours.

ICICI Bank commits Rs 10 cr for welfare of armed forces

ICICI Bank commits Rs 10 cr for welfare of armed forces

New Delhi, Oct 9 () Country's largest private sector lender ICICI Bank today committed a financial assistance of Rs 10 crore to the Indian Armed Forces.

The fund will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation, ICICI Bank Managing Director and CEO Chanda Kochhar said in a statement.

RIL-SBI payments bank yet to complete regulatory requirements

RIL-SBI payments bank yet to complete regulatory requirements

New Delhi, Oct 9 () Reliance Industries and SBI promoted payments bank is in the process of finishing regulatory requirements and have not fixed any timeline for starting operations, an official said today.

"We have not really yet finalised (the launch date). It is not question of time, there are regulatory requirements, we will have to complete that. When that is over, we will start," a bank official told on the condition of anonymity.

Rupee trades flat against US dollar

Rupee trades flat against US dollar

Mumbai: Indian rupee on Monday was trading little changed against the US dollar ahead of key macroeconomic data due on 12 October.

At 2.05pm, the home currency was trading at 65.36 against the dollar, up 0.02% from its Friday’s close of 65.37. The rupee opened at 65.40 a dollar.

Tata Group to consider buying Air India: N. Chandrasekaran

Tata Group to consider buying Air India: N. Chandrasekaran

New Delhi: Tata Sons Ltd executive chairman N. Chandrasekaran has said the group will look at Air India Ltd disinvestment being executed by the government currently. The group, however, needs more details from the government on the process, Chandrasekaran told CNBC-TV18 in an interview, excerpts of which were released on Monday morning.

He said the group can’t remain with a fleet of just over a dozen planes, referring to their new start-up Vistara in alliance with Singapore Airlines.

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