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Reliance Industries plans to spend a further Rs 18,000 crore additional investment in Jio Reliance Jio stormed into the telecom industry with the launch of ultra-affordable high speed 4G internet services combined with free voice calls, SMS and Jio apps. To keep the momentum going, Reliance Jio Infocomm is reportedly gearing up to expand the company’s product portfolio by venturing into diverse areas such as broadband services and Direct-to-Home (DTH) TV services. ALSO READ: No end to data wars: Reliance Jio free offers to continue for 12-18 months  Things to expect from Reliance Jio in 2017  Reliance Jio FTTH broadband services  Reliance Industries plans to spend a further Rs 18,000 crore additional investment required for its fibre network as it expands Jio's 4G reach, reports Business Standard. The Reliance Jio fibre-to-the-home (FTTH) broadband services has already been offering trials at a few locations and the services will expand to more cities soon...

The funding, expected to materialise in 3 weeks, to help push firm's banking and finance investments Alibaba-backed online marketplace company Paytm , which is in a rapid expansion mode, is in talks for a fresh round of funding for investment in banking and finance, besides other expansion plans. The company, it is learnt, is looking to raise around Rs 12,000 crore from Japan’s SoftBank, in the single-largest investment in an e-commerce company. The funding, it is believed, could materialise within the next three weeks, though Paytm Founder and Chief Executive Officer Vijay Shekhar Sharma did not comment on it. Read this : Paytm parent One97 set to raise over $1.8 billion from SoftBank: report Paytm, in tie-up with MMTC’s Swiss venture PAMP SA, on Thursday launched a wealth-management platform that allows you to invest in gold for as low as Re 1, in the first such initiative anywhere in the world. It announced the launch of ‘Digital Gold’, a vertical to allow i...

The movie has stirred a box-office storm even before it hits the screens on Friday Nearly two years after releasing the first part of his magnum opus “ Bahubali-The Beginning ”, director S S Rajmouli is all set to release the concluding part of the saga. “Bahubali 2: The Conclusion” has stirred a box-office storm even before it hits the screens on Friday. The first part, which ended at perhaps the most titillating junctures in the recent cinema history, opened to blockbuster collections in the range of Rs 50 crore on day one and went on to collect a massive Rs 650 crore (gross) at the worldwide box-office. The Rs 200-crore franchise is expected to take a record opening, getting close to or even exceeding its predecessor’s record. Starring Telugu actors Prabhas and Rana Dagubatti along with Tamannaah and Anushka Shetty, the film will be released in as many as 6,500 screens in the country, including 3D and IMAX — the third film from India to be released in IMAX format ...

The company elaborated that the SUV will replace Maruti Gypsy in the 4x4 light vehicle category Automobile major Tata Motors on Thursday said it will supply 3,192 units of its sports utility vehicle (SUV) Tata Safari Storme to the Indian Army. The contract was signed with the Indian Army for the supply of the SUVs under a new category of vehicles -- GS800 (General Service 800), according to the company. "The Indian Ministry of Defence (MOD) had floated a request for proposal (RFP) for vehicles with three basic criteria -- minimum payload capacity of 800 kg, hard roofs and air conditioning," the company said in a statement. Read this: Markets trade flat in a choppy session; Axis Bank down 2% on results "Developed indigenously, the Tata Safari Storme 4x4 has completed a total trial duration of 15 months in various terrains across the country, demonstrating supreme performance in the most demanding conditions with capabilities of coping with extreme on- or...

V5s claims to have a faster fingerprint sensor that unlocks the screen in just 0.2 seconds Taking its selfie revolution a notch higher, Chinese smartphone maker Vivo on Thursday launched V5s smartphone in India that comes with a 20MP front and 13MP rear camera. Priced at Rs 18,990, V5s will be available starting from May 6 at retail stores and online on Flipkart.com. "After launching the Vivo V5Plus Limited edition, we are thrilled to introduce yet another masterpiece, the Vivo V5s. Through the launch of this device, Vivo aims to provide the best selfie camera phone in the market," said Kent Cheng, CEO, Vivo India, in a statement. Read this : Mobile handsets likely to cost 10% more post-GST V5s runs on Funtouch OS 3.0 based on Android 6.0 Marshmallow and comes with 4 GB RAM and 64 GB ROM, which is expandable up to 256GB. The device is powered by octa-core 64-bit processor and houses 3,000mAh battery. V5s claims to have a faster fingerprint sens...

Air India subsidiary Alliance Air will operate the Delhi-Shimla flight Prime Minister Narendra Modi launched the UDAN regional connectivity scheme on Thursday from Shimla that will allow tourists to fly to Shimla from New Delhi for just Rs 2,000. Modi during his day-long visit to the Queen of Hills launched the central government's UDAN, or "Ude Desh ka Har Nagarik" scheme, building efficient regional air connectivity, from Jubbarhatti, the tabletop airport located 2,196 metre above sea-level and some 22 km from here. Read this : BJP triumphant, AAP defiant: MCD results prove it is Modi wave not EVM wave  Accompanied by Himachal Governor Acharya Devvrat, Chief Minister Virbhadra Singh and Union Ministers P. Ashok Gajapathi Raju, Jayant Sinha and J.P. Nadda, Modi simultaneously flagged off the inaugural UDAN flights on the Kadapa-Hyderabad and Nanded-Hyderabad sectors through video conferencing. The Shimla Airport had been shut for scheduled flights sin...

Himachal govt yet to approve viability gap funding demand made by Alliance Air of Rs 1.4 lakh/flight An Alliance Air ATR-42 aircraft with 15 passengers will take off from Shimla airport on 11.15 am on Thursday heralding the launch of regional connectivity scheme (RCS). Prime Minister Narendra Modi will flag off the Shimla-Delhi flight from Himachal Pradesh capital and launch two other services (Kadapa-Hyderabad and Nanded-Hyderabad) under the government policy, which aims to link unconnected towns with affordable fares. The Kadapa-Hyderabad and Nanded-Hyderbad flights will be operated by TruJet and minimum tickets on these two routes is priced at Rs 1,000 one way. “We will operate the ATR-42 aircraft five times a week between Delhi-Shimla. The demand is positive and seats on the route are filling up fast,” said Alliance Air chief executive officer C S Subbhaih. Alliance Air is a subsidiary of Air India. Read more : MCD results: Delhi people rejected negative politi...

As Gujarat CM, Modi replaced at least a third of all sitting legislators before assembly polls The results of the Delhi civic polls lead to some obvious conclusions, and not so obvious near-term possibilities. These include fresh assembly polls in Delhi by the end of the year, the likelihood of several incumbent Bharatiya Janata Party (BJP) Lok Sabha members might be replaced in 2019 Lok Sabha polls and more leaders quitting the Congress party. 1. Modi wave The BJP victory in the polls is primarily because of the popularity of Prime Minister Narendra Modi, brilliantly leveraged by party chief Amit Shah with deft organisational work. Read more: MCD results: Kejriwal's quest for power behind AAP loss, says Anna Hazare It is true that BJP won the last two civic polls as well, but the party campaign in Municipal Corporation of Delhi (MCD) polls focused on Modi’s leadership, not of any local leaders. Today, Shah credited the victory to Modi's leadership. ...

Jio reached the 100 million user mark in the first 170 days The free schemes and recharge options that Reliance Jio is offering to its customers is likely to continue for the next 12-18 months, which means other telecom services providers like Airtel, Vodafone and BSNL will have to step up efforts to counter Jio's strategy.         Jio's tactic would lead to pressure on the average revenue per user (ARPU) of incumbent operators, US bank Morgan Stanley said in a report. It added that ARPU for Bharti Airtel, Idea Cellular and Vodafone India has been effectively capped at about Rs 300 due to Jio’s current offers, a report published in The Economic Times said. Read this : Trai to invite stakeholder comments on spectrum auction in 15 days          Jio prepaid plans start from as low as Rs 19, and go up to Rs. 9,999, while postpaid plans are available at Rs. 309, Rs. 509, and Rs. 999 denomination. Jio l...

The company's revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially Reliance Retail , the retail arm of Mukesh Ambani-led Reliance Industries, reported a 65.6 per cent jump in profit before depreciation, interest and tax (PBDIT) to Rs 366 crore for the quarter ended March 31, against Rs 221 crore in the same period last financial year. The PBDIT stood at Rs 333 crore in the quarter ended December 31. The figures are not strictly comparable, though, as the company put its petroleum retail business under its organised retail segment from 2016-17. The company’s revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially. Revenue for the full year was Rs 33,765 crore ($5.2 billion), up 60.2 per cent as compared to the previous year. But, again, the previous year’s numbers did not include fuel retailing. Read this: 'We don't endorse this': No petrol on Sundays gets thumbs down from govt “The increase in...

Indian IT firms account for less than 20 per cent of the H-1B visas Indian IT industry's apex organisation has said that the two top companies -- TCS and Infosys -- got only 8.8 per cent of the H-1B visas for placement of workers in the United States. "Of the six Indian IT companies, software majors TCS (Tata Consultancy Services) and Infosys received 7,504 H-1B visas in FY 2015, which is 8.8 per cent of the total H-1B visas," said the National Association of Software Services and Companies (Nasscom) in a statement here. The apex body's clarification was in response to a US official last week accusing top Indian IT firms TCS and Infosys of unfairly cornering majority of the H-IB visas, by applying more in the lottery system. Read this : Only eight of Nifty50 stocks are at all-time high level Only six Indian IT firms were among the top 20 recipients of the H-1B visas in fiscal 2015 for their professionals to work in the US, said Nasscom. US ...

Board approves bonus issue in the ratio of 1:1; standalone net rises 20% on sequential basis Wipro , India's third largest software exporter said fourth quarter profits grew 0.4% to Rs 2,267 crore on revenues of Rs 13,987.5 crore, a jump of 2.6% The Bengaluru-based IT services firm said IT services revenue grew 2.7% over the previous quarter to $1.96 billion. For the fourth quarter, Wipro had projected growth between $1.9 billion-$1.94 billion or 1-2%. Read this: Wipro Q4 results out today: Five key things to watch out for Wipro has forecast its IT services revenue in the first quarter of the fiscal 2018 to be in the range of $1.92 billion to $1.96 billion. “We delivered revenues within the guidance range in our fourth quarter,” said Abidali Z Neemuchwala, Chief Executive Officer of Wipro. “We are confident that the recovery in Energy & Utilities and our demonstrated strength in Digital will help us improve our growth trajectory during the course of the c...

It was after a long gap Maruti came up with a product that was priced well above Rs 1 million mark S-Cross , the most expensive vehicle from Maruti Suzuki, has managed to cross a milestone of 50,000 units in sales. Launched in August 2015, the vehicle had seen an initial phase of weakness due to its pricing and competition from Hyundai’s Creta, launched days before S-Cross. Raed this: Maruti 's new Dzire will roll out on 16 May: What to expect The country’s largest car maker has sold over 46,000 units of S-Cross in domestic market since launch, data with Siam showed. More than 4,000 vehicles have been exported to different destinations. The vehicle, positioned as a crossover, had seen challenges post the launch. Within a couple of months of the launch in August 2015, there was a sizeable discount of up to Rs 90,000 on S-Cross. Maruti admitted it went wrong on pricing of the 1.6 litre vehicle.  When the S-Cross was launched, the 1.6-litre option was priced at Rs 1...

Reliance Industries is expected to report night straight quarter of PAT growth The market watchers are keenly awaiting Reliance Industries Ltd’s March quarter results, which the oil & gas major will announce later in the day. While the company is expected to report strong overall numbers amid growth in the refining and petrochemical segment, all eyes will be on RIL’s commentary on Reliance Jio Infocomm, the group’s telecom venture. RIL, now an oil-to-telecom conglomerate, has reported growth in profit after tax (PAT) for eight straight quarters, and beaten consensus PAT estimates in six quarters in a row. READ THIS : Sensex gains 200 points, Nifty stays at all-time high in noon trade "We expect strong earnings, driven by refining and petchem (higher volumes, improved margins). Despite increased losses in domestic E&P (exploration and production), we expect RIL to report a ninth straight quarter on quarter stand-alone PAT growth," analysts with Nomu...

Under Rs 299 plan, users get 680 mins of local, STD calls and 600MB of 4G data as per billing cycle As the telecom industry's war over broadband speed, data and calling plans escalates, India’s largest telco Bharti Airtel has yet again revised its Rs 299 and Rs 399 postpaid plans. While both the schemes under — myPlan Infinity — offer nationwide free roaming for incoming calls, there are no unlimited benefits extended to customers. Rs 299 plan: Along with 680 minutes of local and STD calls valid across connections, it offers 600MB of 4G data based on the users’ billing cycle. Read this : Reliance Jio's 4G speed slower than Airtel's 3G, shows report Rs 399 plan: The free local and STD minutes are increased to 765 under this plan and the data usage is increased to 1GB of the billing cycle. While incoming calls are free pan India, outgoing roaming calls come with a cap  80 paise per minute under both the plans. Free data: Under both the plans, us...

Brought in new plans - Triple Ace, Dil Khol Ke Bol and Nehle per Deh - for Rs 333, Rs 349, Rs 395 To counter threat from Reliance Jio, state-run telecom firm Bharat Sanchar Nigam Limited (BSNL) , is the latest to join the bandwagon after Idea Cellular and Bharti Airtel as it has announced three new schemes ranging from Rs 333 to Rs 395. Here are the three new offers — Triple Ace, Dil Khol Ke Bol and Nehle per Dehla that have been launched for existing pre-paid users. READ THIS : Reliance Jio's net loss widens to Rs 22.5 crore in October-March quarter Rs 333 Triple Ace plan: Offering unlimited 3G data with a per day cap usage of 3 GB, this plan has a validity of 90 days. This amounts to 90 GB a month and 270 GB 3G data for three months. While the cheap rates at Rs 1.23 per GB is a catch, other operators offering 4G speed can be a drawback for BSNL. Rs 349 Dil Khol Ke Bol plan: Enticing customers with unlimited local and STD calling, this plan offers high speed...

The list also includes Donald Trump, Vladimir Putin and Theresa May, among others Prime Minister  Narendra Modi  and Paytm founder  Vijay Shekhar Sharma  were the only two Indians to make it to the  Time ’s  annual list of ‘100 most influential people in the world’. The list features pioneers, artists, titans, leaders and icons from around the world honoured for “the power of their inventions, the scale of their ambitions, the genius of their solutions to problems that no one before them could solve.” US President Donald Trump, Russian President  Vladimir Putin  and British Prime Minister  Theresa May  are also included on the new list. The profile of Modi, 66, was written by author Pankaj Mishra. “Once barred from the US for his suspected complicity in anti-Muslim violence, and politically ostracised at home as well, this Hindu nationalist used Twitter to bypass traditional media and speak directly to masses feeling l...

Administrator must include only those members who are personally known to him or her Think twice before becoming administrator of a group on WhatsApp or Facebook as one is liable for prosecution if any rumour or fake news is circulated on it. Social media platforms allow a person to create a group on which members can share views, photographs or videos. READ THIS : Data privacy rules to be ready by August-September Concerns have been raised about social media misuse as fake news, morphed photographs and disturbing videos with fabricated local narratives can easily be circulated that can trigger tension and an even communal rift in an area. In a joint order issued by District Magistrate Yogeshwar Ram Mishra and Senior Superintendent of Police Nitin Tiwari, it has been made clear that any factually incorrect, rumour or misleading information on a social media group could result in a FIR against the group administrator. "There are several groups on social me...

Indian tycoon Vijay Mallya , who has been declared a proclaimed offender, is likely to challenge his extradition to India from the UK on the grounds that the charges against him are politically motivated, a legal expert said on Wednesday. The 61-year-old liquor baron, who has been living in self-imposed exile in Britain since last year, was arrested by Scotland Yard on Tuesday on fraud allegations, triggering an official extradition process in the British courts. READ THIS : 78% say action against Mallya and Sahara will help Modi govt politically Mallya was released on conditional bail a few hours later after providing a bail bond worth 650,000 pounds and assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents. The UK's Crown Prosecution Service (CPS) will now argue the case on behalf of the Indian authorities. "The Crown Prosecution Se...

The launcher would enable Isro to place satellites weighing more than 4 tonnes in orbit Indian Space Research Organisation (Isro) plans to undertake next month the first developmental flight of “game-changer” rocket, which can carry satellites weighing 4 tonnes into space from Sriharikota spaceport in Andhra Pradesh, according to Chairman A S Kiran Kumar. Currently, the space agency’s geosynchronous satellite launch vehicle (GSLV MK-2) can carry satellites weighing only 2.2 tonnes and depends on international launches to orbit satellites heavier than that. ALSO READ : ISRO set for 1st developmental flight of 'game-changer' rocket The satellite is scheduled to be launched during first quarter of 2017 by GSLV-Mk III-D1 launch vehicle from SDSC SHAR, Sriharikota. The launcher would carry GSAT-19 satellite which has a mass of 3,200 kg. It is a three-stage vehicle with solid, liquid and cryogenic stages respectively. Why is this launch so important? 1. Once...