NSE handles highest number of futures & options contracts in the world. It halted trading Wednesday as both its telecom lines went down at the same time.
Communications Minister Ravi Shankar Prasad said the govt is positioning India as a global powerhouse for manufacturing & created a conducive environment for ease of doing business.
Associated Chambers of Commerce and Industry of India has also sought govt intervention in the matter, claiming a daily loss of Rs 3,000-3500 crore due to the destruction.
Singh's appeal came after a registered body of telecom service providers asked the state govt to persuade farmers not to resort to any unlawful activity in their fight for justice.
The National Security Directive on Telecommunication Sector has been framed keeping in mind the changed scenario and seeks to put powerful Chinese telecom companies into a corner.
Union Home Secretary Ajay Kumar Bhalla also said the penetration of the neighbouring country into India's existing telecom hardware and software network is too extensive.
Intel Corp. has agreed to pay approximately Rs. 1,895 crore ($253 million) for a stake in the telecom giant, joining other investors like Facebook Inc., KKR & Co. and Silver Lake Partners.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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