Centre Mulls SPV With 5G Sweetener as Solution to India's Telecom Crisis - Manoj Gairola, Wire
The Narendra Modi government is considering setting up a special purpose vehicle (SPV) to reduce the telecom sector’s financial stress, according to a communication sent out by Cellular Operators’ Association of India (COAI) to its member telecom service providers.
Amazon not doing India a favour by investing $1 billion: Piyush Goyal - Money Control
Commerce Minister Piyush Goyal, on January 15, said that investors in e-commerce space should not try and look for loopholes in the existing framework of laws that regulate business in the country. He added that a probe into Amazon's activities has already been initiated and the company is not doing India any favours by investing $1 billion in the country.
Reliance Jio, Retail likely to be strong in Q3; petchem could see some pressure - Money Control
Oil-telecom-and-retail major Reliance Industries is expected to continue to report robust growth in consumer segment, telecom and retail arms, with steady refining business, but petchem is likely to be under pressure due to reduced margin for the quarter ended December 2019.
When Vodafone Idea shuts, govt will be biggest loser! - Sunil Jain, Financial Express
Apart from investors in both Vodafone Plc and Idea, the Government of India will be the biggest loser if Vodafone Idea shuts down as looks increasingly likely with the Supreme Court refusing to review its faulty ruling on the AGR dues of the telecom industry; apart from anything else, the fact that PSUs that earned Rs 35 crore in revenues need to pay Rs 172,655 crore of AGR dues should make it clear how faulty the judgment was.
Worst economy in 42 years needs an honest look - Andy Mukherjee, Economic Times
India’s economy hasn’t been this bad in 42 years. Pulling it back from the abyss will require more honesty than imagination. Tuesday’s advance estimates for the financial year ending on March 31 peg the economy’s inflation-adjusted growth rate at 5%, a third year of slowdown. And even this figure could be optimistic.
Oil prices on the boil as Middle East simmers - Sanam Mirchandani & Sanjeev Choudhary, Economic Times
Oil prices jumped $3 on Friday after a US air strike killed a top Iranian general, escalating tension in the world’s biggest crude-exporting region and stoking fears of a supply disruption. The impact of any possible retaliation worried key importers like India where fuel prices are already at a 13-month high.
Is DoT building a case in favour of Airtel and Vodafone Idea? - Manu Kaushik, Business Today
The AGR (adjusted gross revenues) ruling of the Supreme Court continues to spring surprises. Over the past few weeks, there are random yet unmissable numbers being thrown around in the media reports. The AGR blow that was initially believed to just strike the telecom operators down has now begun to spook the non-telecom entities.
How India's economy came back down to earth - Daniel Moss, Economic Times
India's economy lost its sheen this year. As it stumbles through a deep slowdown and a credit crisis, the country has gone from being hailed as a colossus-in-waiting to placing among the also-rans.
Banks to turn around in 2020, but may find more dirt than gold - Aparna Iyer, Mint
Indian banks struggled to stem the rot in their balance sheets this year but their share prices have surged. Will 2020 be a time when banks start delivering on investors’ hopes? Rajnish Kumar, chairman of State Bank of India (SBI), certainly thinks so. Encouraged by the recovery from the high-profile insolvency case involving Essar Steel, Kumar and others now hope this would pave the way for more such recoveries. “2020 would be a happy and good year in terms of recovery," Kumar said in an interview.
Digital skills to decide pay hikes at Infosys - Ayan Pramanik, Economic Times
Infosys has kicked off a talent plan that offers incentives and wage hikes to more than 25,000 midlevel executives — slightly more than a tenth of its workforce — who gain skills in newer digital areas, as the software exporter looks to harness their domain expertise in legacy businesses to quicken growth in digital.
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