#business news today
Prime Minister Narendra Modi, who held wide-ranging talks with his Vietnamese counterpart Nguyen Xuan Phuc, said the two countries have decided to elevate their strategic ties to a Comprehensive Strategic Partnership to provide it a new momentum.
In his last public speech before demitting office, Reserve Bank Governor Raghuram Rajan made a vigorous case for a strong and independent central bank that can say ‘no’ to highest echelons of the government to ensure macroeconomic stability.
At present, around three-fourths of the revenues of telcos operating in India are generated from voice calls. With its unlimited free calling offer, Jio is hitting the telcos where it hurts most. The biggest threat, therefore, is the possibility of customers migrating to Jio.
DLF had in May entered into an amended agreement to sell its 32 screens of DT cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore.
Playing spoilsport for the RJIO ultra cheap 4G offer are the existing market players. Telcos including Bharti Airtel, Idea and Vodafone India are locking horns with RIL.