New Delhi: The aggressive competition in the telecom industry with entry of Reliance Jio Infocomm Ltd and spectrum sale in auctions have fuelled revenues for tower industry.

“Spectrum auction and competition in the industry are bringing in more work for us,” said Bimal Dayal, chief executive, Indus Towers.

New Delhi: Prime Minister Narendra Modi on Tuesday directed all Bharatiya Janata Party (BJP) parliamentarians and legislative assembly members to submit their bank transaction details from 8 November to 31 December to party president Amit Shah on 1 January 2017.

At BJP’s parliamentary party meeting on Tuesday, the prime minister told BJP parliamentarians that changes introduced in the bill to amend the Income Tax (I-T) Act will help in using money looted from the poor for their welfare.

Idea Cellular was up 5% to Rs 79.70 on the National Stock Exchange (NSE) in intra-day trade on reports that the Aditya Birla Group's telecom major has put on block 100% stake in its tower arm.

The Exchange has sought clarification from Idea Cellular with respect to news article appearing on Moneycontrol.com on November 29, 2016 titled "Idea Cellular plans to sell 100% in tower arm for $1 billion,” the NSE said in a statement.

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported nearly six-fold jump in operating profit during 2015-16 at Rs 3,855 crore from Rs 672 crore in the preceding fiscal, while revenue from operation turned out to be highest in the last five years.

BSNL's revenue from operation rose 4.4 per cent to Rs 28,449 crore during financial year ended March 2016, sources told PTI citing the latest audited financial statement of the telecom corporation placed at the AGM last week.

Government on Tuesday said sufficient cash is available with Reserve Bank of India and banks, and it is not considering extending the deadline of December 30 for deposit of invalid Rs 500 and Rs 1,000 notes.

The statement was made in the Rajya Sabha even as people queued up at banks to deposit old high value notes and withdraw new cash.

MUMBAI: The benchmark BSE Sensex climbed 109 points early on Tuesday after investors buying gained steam amid mixed Asian cues.

The 30-share index was trading higher by 108.84 points, or 0.41 per cent, at 26,459.01, with sectoral indices led by metal, oil & gas, PSU, consumer durables, capital goods and realty stocks trading in the positive zone, rising by up to 1.10 per cent.

New Delhi: Japanese automaker Suzuki Motor Corp. plans to invest Rs2,600 crore through its unit Suzuki Motor Gujarat (SMG), to build its second assembly plant in India and an engine and transmission unit.

The units, in Mehsana in Gujarat, will become operational in 2019 and serve Indian and export markets.

ICICI Bank on Monday announced an initiative to digitise 100 villages in as many days to enable smoother commercial transactions in the wake of demonetisation of high-value currency notes.

Managing director and chief executive Chanda Kochhar said, “This encompasses digitisation of transactions and commercial activities in the villages. It includes vocational training and formation of sustainable livelihood groups in the villages.

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play Engineering R&D Services company, announced a partnership with the Centre for Nano Science and Engineering (CeNSE), Indian Institute of Science (IISc), Bangalore to jointly work towards innovations in the areas of Sensors and Energy Efficient Systems based on Nanotechnology.

The agreement was signed between CeNSE, IISc and L&T Technology Services at the IISc campus in Bangalore.

India’s fastest growing digital payments platform FreeCharge has announced that it has partnered with all the three Oil Marketing Companies in India and will soon be available at all petrol pumps of IOCL, BPCL and HPCL across the country. The list includes nearly 26,000 petrol pumps of IOCL, nearly 13,500 petrol pumps of HPCL and nearly 13,800 petrol pumps of BPCL.

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