While telecom department officials insisted that DCC meeting on Friday did not focus on AGR issues but rather on project implementation for PPP on Bharat Net project, a source present at the meeting said no decision on telecom relief was taken at the meeting although discussion did take place. … [Read more...] about AGR woes: No decision on relief to telcos at crucial meet
At a press conference in Delhi on Friday, Law minister Prasad alleged that the communal violence was an outcome of “instigation” and provocative remarks made by opposition leaders, including Sonia Gandhi, Priyanka Gandhi Vadra and Rahul Gandhi. … [Read more...] about ‘Not your strong point’: Congress leader to BJP over rajdharma remark
"It (impact) could be less in this quarter, and more going ahead. People are travelling less. People are worried," Puneet Chhatwal, managing director and CEO told reporters. Many Indian companies have of late cleared air on their dependence on China. Somany Ceramics said its exposure to China is limited to machines and spare parts. Gabriel India last week said the company is not much impact by the virus outbreak, even as there is some impact on the industry. Production, it said, is already started in China as told by the company's suppliers. Berger Paints said it does not see a significant impact. In its conference call on February 12, VIP Industries said that luggage industry globally is dependent on China for luggage & bag-packs. “If production doesn't restart in next 1 or 2 weeks, it will impact supply chain of luggage industry globally,” Narnolia Financial Advisors noted it as saying. Container Corporation of India said its volumes are negatively impacted by … [Read more...] about Sensex crashes 1,448 points; Rs 5.50 lakh crore gone in a day!
People wear face masks in Milan, Italy, Feb. 26, 2020. A total of 400 people have tested positive for the novel coronavirus in Italy till Wednesday evening. The government has placed 11 towns, 10 in Lombardy and one in Veneto, under lockdown in an effort to contain the epidemic. (Photo by Daniele Mascolo/Xinhua) … [Read more...] about Xinhua Photos of the Day (Feb. 28)