Supreme Court orders telcos to clear dues by March 17, threatens contempt
By Ritu, Capital Sands India’s Supreme Court slammed mobile carriers on Friday for non-payment of billions of dollars in government dues and threatened them with contempt proceedings if they didn’t pay up by March 17. The court, which had asked companies including Vodafone Idea and Bharti Airtel to pay 920 billion Indian rupees ($12.89 billion) […]
Asian Markets Rise; Nikkei Underperforms Amid Weak Consumer Spending Data
By Administrator_India Capital Sands Asian markets rose on Friday morning as traders continued to monitor developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported. China’s Shanghai Composite rose by 0.5%, while the Shenzhen Component climbed 1.4%. Beijing is set to cut tariffs on certain U.S. products by half later in the […]