Snehal khanna Blog

The telecom firm income fell by about 14% to Rs 81.82 billion LATEST NEWS : Idea Cellular Ltd , India's number 3 telecoms firm, reported a third straight quarterly loss on Thursday, reeling in the wake of a price war wrought by upstart entrant Reliance Jio. The company reported a net loss of Rs 8.15 billion ($127.13 million) for the three months ended June 30 after posting a profit of Rs 2.20 billion a year earlier. Analysts on average estimated a loss of Rs 6.71 billion, Thomson Reuters I/B/E/S data showed. Idea's capital expenditure guidance for the full year 2018 is Rs 60 billion, it said. Reliance Industries, led by India's wealthiest man Mukesh Ambani, entered India's telecoms industry last year, spending more than $30 billion on Jio and upending the sector with its low-cost data plans. The ensuing price war has triggered consolidation in the world's second biggest mobile phone market by users. Idea and Vodafone Group Plc's h...

SC had last year ordered a ban on all liquor shops along national as well as state highways Latest news : The Uttar Pradesh government has incurred a loss of about Rs 5,000 crore following the Supreme Court order banning all liquor shops along national as well as state highways. Of the 8,591 highway liquor shops affected by the Supreme Court order, 2,000 are yet to be relocated while 3,000 shop owners have surrendered their liquor licences, said UP Excise Minister Jai Pratap Singh. "We have incurred a loss of about Rs 5,000 crore in 2016-17 fiscal ending March 31. Out of the target of realising Rs 19,000 crore, the excise department could generate Rs 14,000 crore following the apex court order," the minister told PTI. The Supreme Court had last year ordered a ban on all liquor shops along national as well as state highways across the country and prohibited all signages indicating the presence of liquor vends. The Supreme Court again on March 31 reiter...