The Government on Wednesday gave out the 6-croreth free cooking gas (LPG) connection as the scheme to make available cleaner fuel in every household kitchens runs ahead of schedule. Government of India introduced ‘Pradhan Mantri Ujjwala Yojana’ (PMUY) for which budgetary provision of Rs 12,800 crore has been provided for releasing 5 Crores LPG connections to women member of BPL households by March’19 and additional 3 Crore LPG connections by March 2020.

The telecom regulator Trai has approached the Supreme Court against TDSAT order, which dismissed its predatory pricing tariff rule, Parliament was informed on Wednesday.

“Trai has filed an appeal before Supreme Court against the order of TDSAT dated 13th December, 2018. The appeal is yet to be listed,” telecom minister Manoj Sinha said in a written reply to the Lok Sabha.

New Delhi: The government think tank Niti Aayog have objected the proposal of preferential equity infusion in the two PSUs -- BSNL and MTNL -- amounting to nearly Rs 14,000 crores for acquiring 4G spectrum observing that the returns on such high investments from them are almost nil and it is not essential.

The department of telecom (DoT) had sought Niti Aayog’s views on the 4G spectrum allocation proposals for PSUs — BSNL and MTNL — that might cost the exchequer about Rs 14,000 crore.

Mumbai: Domestic equities declined for the second day as the BSE benchmark Sensex on Thursday fell over 100 points on weak global cues and heavy selling by foreign and domestic institutional investors.

The 30-share index was trading 103.90 points, or 0.29 per cent, lower at 35,787.62 in morning trade. Similarly, the NSE Nifty declined by 28.85 points, or 0.27 per cent, to 10,763.65.

New Delhi: Reliance Jio Infocomm Ltd has wrested market share from Bharti Airtel Ltd and Vodafone Idea Ltd, as the relatively new entrant in the telecom sector continued to add a large number of users even as its bigger rivals lost customers. Reliance Jio added 10.5 million users in October while Vodafone Idea and Airtel lost 7.3 million and 1.8 million users, respectively, according to data released by the Telecom Regulatory Authority of India (Trai) on Wednesday.

Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay Tyagi, the current chairman of the Securities and Exchange Board of India (Sebi), also seems to have drawn from his experiences as a bureaucrat in Delhi’s corridors of power. In his 21 months at the helm of the powerful markets regulator, Tyagi has set a unique record, constituting 15 committees, including working groups, and introducing a whopping 34 consultation papers.

After the mega PSU bank merger between Bank of Baroda, Vijaya Bank and Dena Bank received Union Cabinet approval yesterday, shares of BoB rallied while the other two lenders tanked in the morning trade on Thursday, as investors reacted to the merger swap ratio. Shares of Bank of Baroda rallied more than 3% to Rs 123.40 on NSE while, Vijaya Bank shares plunged by nearly 7.5% to hit the day’s low at Rs 51.05. Dena Bank shares tanked by 20% to Rs 14.40 in the morning trade.

National Highways Authority of India (NHAI) is considering putting the second package of Toll-Operate-Transfer (TOT) for rebid after tepid response, which may impact the sale of subsequent TOT packages.

"Undesired" response from the industry has prompted the authorities to discuss whether the second TOT package should be put through the entire auction process.

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.

The news, which comes as a spotlight grows on Beijing's attempts to revive stalling growth, sent Apple shares tumbling in after-hours trade, hammered Asian suppliers and triggered a broader selloff in global markets.

Congress president Rahul Gandhi Wednesday said Prime Minister Narendra Modi faces an open book exam on the Rafale deal in Parliament on Thursday and asked if he will show up at the exam or send a proxy.

He also sent a set of four questions to the prime minister for the "exam", asking him why an amount of Rs 1,600 crore was paid for each aircraft instead of Rs 560 crore and why the contract was given to "AA",

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.