Earnings estimates of India Inc see upgrade after strong Q3 results After a better-than-expected show by India Inc in the December 2020 quarter, there is more good news for investors and market participants. Even as corporate profits were already expected to grow at a robust pace in FY22 and FY23, the country’s top brokerages have now upgraded the earnings per share (EPS) estimates of big listed companies for FY21-FY23. Read more
Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore
Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz. The company spent more than 60 per cent of this amount on buying spectrum in the 800 Mhz band the next best bet after the most expensive 700 Mhz band which went unsold once more. Read more
Prime Minister Narendra Modi The BJP won all 31 district panchayats, 70 out of 81 municipalities and was far ahead of main rival Congress in 231 taluka panchayats as counting for the second phase of local body polls in Gujarat was underway on Tuesday. The success follows the BJP s clean sweep in elections for six municipal corporations in the first phase last month. Prime Minister Narendra Modi tweeted saying, Results of the Nagar Palika, Taluka Panchayat and District Panchayat polls across Gujarat give a crystal clear message- Gujarat is firmly with the BJP’s agenda of development and good governance. I bow to the people of Gujarat for the unwavering faith and affection towards BJP .
Mumbai Police Crime Branch is investigating the whole matter, says Maharashtra Home Minister Anil Deshmukh
Latest News LIVE updates: A suspicious vehicle with gelatin, an explosive material, inside was found parked near industrialist Mukesh Ambani s house in Mumbai on Thursday evening, police said. Earlier in the day, the government announced new rules to curb misuse of social media platforms, as it mandated firms to appoint grievance officer, disclose the first originator of the mischievous information and remove, within 24 hours, content depicting nudity or morphed pictures of women. Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, today lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
President Ram Nath Kovind inaugurated Narendra Modi Stadium, the world s largest cricket stadium, at Motera in Ahmedabad today. Stay tuned for Latest LIVE news
EVENT HIGHLIGHTS BJP workers and supporters celebrate after the party won civic body election, outside the counting station in Ahmedabad | PTI photo
Latest news live updates: The BJP appeared on course to retain power in the six municipal corporations, winning 409 of the 474 seats. Congress, the main opposition party, had won only 36 seats. The Congress has not won a single seat in Surat where the Aam Aadmi Party (AAP), a new entrant, made impressive inroads by winning eight seats. Prime Minister Narendra Modi termed the victory very special and said for a party that has been serving in a state for over two decades to record such a phenomenal win is noteworthy. He said the results of municipal elections clearly show the unwavering faith people have in politics of development and good governance.