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TRAI news: Trai repeals old QoS rules for dial-up, leased line internet access, says no longer relevant

TRAI has issued the Telecom Regulatory Authority of India Repealing Regulations, 2023, to repeal the older quality of service (QoS) rules of December 2001 that it feels are no longer relevant. The older regulation of 2001 was applicable to all basic service operators and ISPs, including state-run BSNL, MTNL and erstwhile VSNL (rechristened Tata Communications).

Tata-communications , Internet-gateway-service-providers-igsps , Telecom-regulatory-authority-of-india-repealing-regulations , Service-level-agreement , Telecom-regulatory-authority , India-repealing-regulations , Internet-gateway-service-providers , Official-gazette , Trai-news , Bsnl , Vsnl

Govt to sell 16.12% stake in Tata Communications through OFS


Updated Mar 13, 2021 | 06:40 IST
The government holds 7,44.46,885 equity shares of TCL, which, at last closing price of Rs 1,289.75 per unit, stands at a value of over Rs 9,601 crore.
Govt to sell 16.12% stake in Tata Communications through OFS 
New Delhi: The government will sell its entire stake in Tata Communications through an offer for sale (OFS) and the rest to Tata Son's investment arm Panatone Finvest Ltd. Currently, the government holds 26.12 per cent stake in Tata Communications, Panatone Finvest Ltd 34.8 per cent and Tata Sons 14.07 per cent, respectively.
"Tata Communications Ltd has today (Friday) signed an amendment agreement between the President of India, Panatone Finvest Ltd, Tata Sons Private Ltd and the company for sale of the entire shareholding in the company by the Government of India," Tata Communications Ltd. (TCL) said in the BSE filing on Friday. 

India , New-delhi , Delhi , Tata-commmunications , Tata-communications-ltd , Tata-sons-private-ltd , Panatone-finvest-ltd , Tata-communications , Tata-son , Panatone-finvest , Tata-sons , Communications-ltd

The distress sale of national assets is unwise


The distress sale of national assets is unwise
Updated:
Updated:
March 04, 2021 12:45 IST
The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
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The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament — that demonetisation would lead to a 2% drop in the GDP — were not heeded by Prime Minister Narendra Modi. On the contrary, a badly designed and hastily implemented flawed Goods and Services Tax (GST) followed, further devastating vast numbers of medium and small enterprises, as well as the vast informal sector of the economy. Together, these twin disasters robbed millions of their livelihoods and plunged the Indian economy into a prolonged slump that predates the COVID-19 pandemic.

Hindustan , India-general , India , Narendra-modi , Manmohan-singh , Sonia-gandhi , Gross-npas , Industrial-development-bank , National-democratic-alliance , Hindustan-petroleum-corporation-limited , Videsh-sanchar-nigam-limited , United-progressive-alliance

Shipping Corp, BEML sales to benefit from tax tweaks


Shipping Corp, BEML sales to benefit from tax tweaks
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Shipping Corp, BEML sales to benefit from tax tweaks
Sidhartha & Surojit Gupta / TNN / Feb 12, 2021, 10:29 IST
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(Representative image)
NEW DELHI: Shipping Corporation of India (SCI) and BEML, which are up for disinvestment, are expected to be among the first set of gainers from the government’s decision to amend the laws to facilitate the process.
While the government is pursuing an aggressive privatisation plan, hiving off real estate assets is a key element of the strategy to avoid accusations of companies being sold at a hefty discount, as was the case in some of the strategic sales undertaken by the Atal Bihari Vajpayee government until 2004. In the coming months, the government is set to line up several PSUs for privatisation.

Mumbai , Maharashtra , India , Bengaluru , Karnataka , Atal-bihari-vajpayee , Corporation-of-india , Shipping-corporation , Finance-bill , Income-tax-act , Kothari-consultants , Business-news

11 merchant bankers in fray for managing govt's 26.12% stake sale in Tata Comm


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11 merchant bankers in fray for managing govt’s 26.12% stake sale in Tata Communications
As many as 11 merchant bankers, including Goldman Sachs, JM Financial and Axis Capital, are in race for managing the sale of the government's 26.12 per cent stake in Tata Communications Ltd. The government will sell its entire stake in Tata Communications Ltd (TCL), erstwhile VSNL, through an offer for sale and strategic sale route by March 20, 2021.
The merchant bankers would be making presentations before the officials of the Department of Investment and Public Asset Management on February 9, according to a notice posted on the DIPAM website.

India , Panatone-finvest , Tata-communications-image-source , Tata-communications-ltd , Department-of-investment , Panatone-finvest-ltd , Goldman-sachs , Tata-communications , Image-source , Axis-capital , Public-asset-management , Suisse-securities

Tata Communications I 11 merchant bankers in fray for managing govt's 26.12% stake sale in Tata Comm


Updated Feb 07, 2021 | 10:59 IST
The merchant bankers would be making presentations before the officials of the Department of Investment and Public Asset Management on February 9,
11 merchant bankers in fray for managing govt’s 26.12% stake sale in Tata Comm  |  Photo Credit: PTI
As many as 11 merchant bankers, including Goldman Sachs, JM Financial and Axis Capital, are in race for managing the sale of the government's 26.12 per cent stake in Tata Communications Ltd.
The government will sell its entire stake in Tata Communications Ltd (TCL), erstwhile VSNL, through an offer for sale and strategic sale route by March 20, 2021.
The merchant bankers would be making presentations before the officials of the Department of Investment and Public Asset Management on February 9, according to a notice posted on the DIPAM website.

India , Panatone-finvest , Tata-communications-ltd , Department-of-investment , Panatone-finvest-ltd , Goldman-sachs , Tata-comm , Photo-credit , Axis-capital , Tata-communications , Public-asset-management , Suisse-securities