After a bloody battle with Reliance Jio that saw four straight quarter drops in its net profit, country’s largest telecom operator Bharti Airtel now sees call and data charges stabilising soon as the arch rival has started not only charging but raising tariffs as well.
In a bid to create uniformity in rules of strategic debt restructuring (SDR) for banks and asset reconstruction companies (ARCs), the Reserve Bank has allowed ARCs with strong capital backing to hold more than 26 per cent stake in a borrower company after conversion of its debt into equity, albeit with certain conditions.
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Amid the raging controversy over film Padmavati, an education officer in Madhya Pradesh’s Dewas district has issued a circular banning a song from the period drama from being played at cultural programmes in schools.
In a major boost to the real estate sector, the Union government has given the nod for increasing carpet areas of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under Pradhan Mantri Awas Yojana. The move is a step in the direction of making houses more affordable for the middle class.
The market is riding on strong macroeconomic fundamentals and this growth would continue, giving retail investors an opportunity to participate in this growth, says Arun Thukral, M