The telecom arm of Reliance Industries snapped up airwaves worth $11 billion in a 5G spectrum auction last August and had launched 5G services in several cities.
Among the country's three major telecom players, including Bharti Airtel and Jio, the govt package was seen as a bailout for Vodafone Idea, which was on the verge of bankruptcy.
The market regulator initiated proceedings against billionaire Mukesh Ambani’s oil-to-retail conglomerate and its compliance officers, Savithri Parekh and K. Sethuraman.
Jio is seeking commitments for as much as Rs 5,000 crore of notes maturing in 5 years at a coupon of 6.20%. The firm last tapped the rupee bond market in July 2018.
The sector-wide tariff hike underscores that the bruising price war since Jio’s entry in 2016 is phasing out and will reduce financial stress for Airtel and Vodafone Idea Ltd.
Revanth Reddy’s bulldozing of lake ‘encroachments’ with new agency HYDRAA have left some serious questions unanswered, especially regarding the selective nature of the work undertaken.
Unsecured loans have been a concern for RBI for a while now. Last year, it took steps to make it more expensive for banks, NBFCs to give them out in bid to deter such borrowing.
Corps commanders signed an agreement on 21 October to pull back troops from eastern Ladakh’s two face-off points, following efforts on diplomatic front to ease tensions along LAC.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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