Landline and mobile tariffs are set to fall as telecom regulator Trai announced a cut in charges that companies pay to terminate calls on competing networks. The move will particularly benefit users of fixed-line phones, who may soon get major benefits in terms of free monthly calls and minutes.
While the termination charge from fixed-line phones has been reduced from 20 paise per minute to zero, in case of mobile phones it has been slashed by 30% to 14 paise from 20 paise per minute.
Ajay Singh again Becomes the Owner of SpiceJet
The ownership of budget carrier SpiceJet came back in the hands of its original promoter Ajay Singh again after the shares of the Marans' family were physically transferred to his account.
According to sources, the entire 58.46 percent stake of the Marans' have been transferred to Ajay Singh.
Mr. Singh had exited from the carrier around four year ago.
With clearance from the Competition Commission of India (CCI) already in place, Singh is now awaiting nod from the Home Ministry for his appointment as Director on the board of SpiceJet.
Japanese researchers have built a pair of clocks which they claim are so accurate that they will lose a second only every 16 billion years.
Cryogenic optical lattice clocks are significantly more accurate than the caesium atom clocks, used to define "one second", which can develop a one second error every 30 million years.
According to the researchers, the system is so delicate that it must operate in a cold environment, around -180 Celsius (-292 Fahrenheit), to reduce the impact of the surrounding electromagnetic waves and to maintain the machine's accuracy.
British banking giant HSBC admitted that it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.
The HSBC is facing a multi-nation probe for alleged tax evasion and money laundering. The bank admitted that there could be "significant" amounts of fines, penalties and/or forfeitures imposed on it.
Modi Government Faces Pressure on Land Ordinance
The BJP's parliamentary board, met to discuss the party's strategy on the land acquisition ordinance, with a united opposition determined to stonewall it in Parliament, and activist Anna Hazare launching a farmers' protest.
The opposition parties say the ordinance is anti-farmer because it seeks to scrap a social impact assessment and the need for the consent of 70 per cent land owners before agricultural land is acquired.
The ordinance makes significant changes in the Land Acquisition Act. Restrictions on buying land, under the law championed by the Congress government, are among barriers holding up projects in sectors such as rail, steel, mining and roads.