Relief for small cable operators: Trai says no to fix minimum net worth for registration Posted on 23rd July 2019 |
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| Telecom regulator Trai on Monday recommended to the Ministry of Information and Broadcasting that there is no need for fixing a minimum net worth for registration of multiple-system operators in cable TV service. The Cable Television Network Rules, 1994, prescribe the criteria for grant of registration to an multiple-system operators (MSO), which provides cable TV services to its subscribers. The I&B ministry had written a letter to Trai on May 16 last year, seeking recommendations from the telecom regulator on appropriate levels for fixation of entry level net worth of MSOs for operationalising cable TV digitisation across the country. In order to deliberate on various aspects related to the matter and to seek inputs from the industry stakeholders on relevant issue, TRAI issued a detailed consultation paper on ‘Entry Level Net Worth for MSOs in Cable TV Services’ on April 9 this year, an official statement said. Subsequently, an open house discussion was held on June in Delhi to seek further views of the stakeholders on various issues, it said. Trai finalised its recommendations based on the comments of the stakeholders received during the consultation process and its own analysis, the statement said. It noted that the New Regulatory Framework provides an enabling environment for small and medium MSOs and up scaling of LCOs to MSO. “After careful consideration, authority has recommended that there is no necessity for fixation of a minimum entry-level net worth for MSO registration,” the statement said. At present, any individual, company, corporate firm or LLP that fulfils provisions of the cable TV rules may be granted MSO registration, it said. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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