The move, according to CAIT, will not only end the trend of deep discounts by e-commerce platforms bringing parity in prices of online and offline markets.
Hyderabad-based Karvy Financial Services on Monday dismissed reports of a full-scale financial crunch and clarified that its troubles were limited to its commodities broking business.
Tata Steel, which owns major blast furnaces outside Amsterdam announced Monday it was slashing up to 3,000 jobs in Europe as it restructured following the collapse of a mega merger.
A questionnaire on tariff hike from their side sent to Jio had not been responded at the time of writing and Jio officials were also not responsive to the tariff hike query.
The tariff hikes come amidst a period of intense financial stress for telcos, with both Airtel and Vodafone Idea posting record losses during the second quarter.
The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesdays, Fridays and Sundays with a 256 seat Boeing 787 in two-class configuration, business and economy.
Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly, the company said.
'It's going to happen again and again and again every five years,' said Pai, Chairman of Aarin Capital and Manipal Global Education Services.
Despite positive cues from global markets, sentiment in the domestic market was subdued on account of multiple reports suggesting that the pace of India's economic growth may falter further.
Most 4G licences have 11-year validity left, and that the government could pack in another 10 years, thus allowing operators to pay back all the outstanding dues.
'The company is currently evaluating the judgement and exploring legal means to address it in an expeditious manner keeping in mind the best interest of all its stakeholders,' Fortis said.
IOC had in 2015 signed to use up to 60 per cent of the terminal's capacity for importing gas for its refineries at Haldia in West Bengal and Paradip in Odisha.
Silver prices also tumbled by Rs 290 to Rs 45,250 per kg from Rs 45,540 per kg.
Around 125 rooms are likely to be built in Lakshwadeep and around 460 in the Andaman & Nicobar Islands.