Bharti Airtel and Idea Cellular today sought doubling of interconnection usage charge (IUC), a key input for mobile rates, saying that incoming calls to their networks cost 30 paise per minute to complete.
As India expects another year of bumper crops on the back of a normal monsoon, it is likely to add to the misery of the farmers while consumers may be happy to get their food items at cheaper prices.
As the India Meteor ological Department (IMD) has predicted normal monsoon this year, the government is targeting yet another bumper foodgrain and horticulture production in the new crop year 2017-18 (July-June).
Online retailing major Flipkart is believed to have sent a revised offer of USD 900-950 million to buy smaller rival, Snapdeal, according to sources.
The government has put its plans to create a large integrated public sector ‘oil major’ in full gear.
The euphoria around cigarette companies’ stocks is set to die down. The GST Council on Monday increased compensation cess on cigarettes to take away the ‘windfall’ gains made by manufacturers of the sin item.