APN News

  • Wednesday, December, 2022| Today's Market | Current Time: 12:22:46
  • Charge one-time fee on extra spectrum on prospective basis: DoT

    New Delhi: In what could come as a relief to incumbent operators like Bharti Airtel and Vodafone, the government is considering charging a one-time fee for excess spectrum on a prospective basis. “Current prices per MHz recommended by TRAI may not reflect the true market price. Hence, the price is to be determined by auction,” […]

    MPs want IT exemption limit hiked to Rs 5 lakh

    New Delhi: Ahead of the Budget, some members of a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill on Friday pressed for raising the income tax exemption limit to Rs 5 lakh per annum. The Standing Committee on Finance, which met under the chairmanship of senior BJP leader Yashwant Sinha, has decided to finalise […]

    Sensex spurts 135 pts on firm global cues, FII inflows

    Mumbai: After slight correction in the previous session, the BSE Sensex spurted again on Friday- up 135 points at 18,289.35 – on sustained FII inflows amid firm advices from overseas markets on renewed hopes of US growth and resolution of euro-zone debt troubles. Most of the markets worldwide were in the green zone, followed by […]

    Rupee gains 3 paise against dollar in early trade

    Mumbai: The rupee gained 3 paise to trade at Rs 49.26 per dollar on the Interbank Foreign Exchange on increased foreign capital inflows on Friday. Dealers said increased foreign capital inflows amid firm local equities mainly kept rupee sentiment firm. The rupee had ended 7 paise higher at Rs 49.29/30 against the US dollar on […]

    Sensex up 192 pts in early trade on global cues

    Mumbai: The BSE benchmark index Sensex shot up by over 192 points in early trade on Friday on frenzied buying by funds and retail investors, triggered by a firming trend in global markets. The 30-share index,which has lost 48.42 points yesterday, spurted by 192.20 points, or 1.06 per cent, to 18,346.19 points with banking, metals, […]

    RBI’s Board of Directors meet held at Bhubaneswar

    Bhubaneswar: Reserve Bank of India (RBI) board met in Bhubaneswar on Thursday and examined the various issues including interest rate cut in the light of easing inflation. Central Board of Directors meeting, chaired by RBI governor D Subbarao, discussed the present financial situation in the country and the impact of global economy on India, RBI […]

    Incumbents and new telcos differ on 2G auction

    New Delhi: Incumbent operators Bharti Airtel, Vodafone India and Idea Cellular has said fresh 2G auction should not be limited to new companies alone, a demand opposed by new operators. In its comments to regulator Trai’s pre-consultation paper on 2G allocation, ‘Allocation of Spectrum in 2G band in 22 Service Areas by Auction’ Vodafone India […]

    Eurozone leaders to decide on 2nd Greece bailout on 20th Feb

    Europe: The eurozone finance ministers will take a final decision on the second bailout package for Greece at their meeting in Brussels on Monday, Chairman of the euro group Jean-Claude Juncker has said. Greece has made “substantial progress” towards fulfilling the conditions set by the European Union and the International Monetary Fund (IMF) to receive […]

    Par Panel to discuss DTC; may suggest hiking IT exemption limit

    A Parliamentary panel will meet on Friday to discuss the report on the Direct Taxes Code (DTC) Bill, which is understood to have favoured raising I-T exemption limit to Rs 3 lakh. “The Standing Committee on Finance will meet tomorrow to discuss the the full report on the DTC Bill,” sources said. Last week the […]

    Sensex down 59 points in early trade on profit-booking

    The BSE benchmark index Sensex declined by 59 points in early trade today as funds and retail investors booked profits after recent gains amid weakening trend on other Asian bourses. The 30-share index, which had gained nearly 454 points in the previous three sessions, declined by 59 points, or 0.32 per cent, to 18,143.41 with […]