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Top News / The Economic Times

4G dominates overall data traffic in India, 3G falls sharply: Study

New Delhi: Data consumption in India has grown by 47% in 2019 with 4G constituting 96% of the total data traffic consumed across the country, a study showed.According to Mobile Broadband India Traffic (MBiT) Index formulated by Nokia, 3G data traffic registered its highest ever decline of 30% in 2019.The average monthly data usage per user surpassed 11 GB in December growing 16% annually due to increase in upgradation of the 4G network, low data prices, affordable smartphones, and the ever-incre

27 Feb 2020 1:14 pm
Women's T20 World Cup: India beat New Zealand by four runs

Put in to bat, India posted a below-par 133 for eight against New Zealand in the crucial group A match. Shafali top-scored with a 34-ball 46, while Taniya Bhatia chipped in with a 25-ball 23.

27 Feb 2020 12:51 pm
Sonia Gandhi-led Congress delegation meets President Ram Nath Kovind over Delhi violence

The delegation, including Leader of Opposition in Rajya Sabha Ghulam Nabi Azad as well as Ahmed Patel and Randeep Surjewala, also submitted a memorandum to the president seeking normalcy and peace in violence-hit Delhi.

27 Feb 2020 12:43 pm
China to send 'duck army' to help Pakistan fight locusts

The legion of lotus-eating waterfowl will be sent from the eastern province of Zhejiang following the earlier dispatch of a team of Chinese experts to Pakistan to advise on a response to the infestation that is being called the worst in 20 years, the Ningbo Evening News said.

27 Feb 2020 12:43 pm
West Bengal planning to opt out of Centre's 'One Nation, One Ration Card' scheme

We have not received any intimation from the central government in connection with its 'One Nation, One Ration Card' scheme. There is no question of joining them (the Centre) in this matter, state Food Minister Jyotipriya Mallick told.

27 Feb 2020 12:34 pm
Delhi communal riots timeline: A blow-by-blow account of three fatal February days

What started off as peaceful protests against CAA took a violent turn last Sunday when a group of CAA supporters clashed with the protesters near the Maujpur-Babarpur Metro Station, in East Delhi. The attack occurred shortly after BJP leader Kapil Mishra allegedly warned of chaos if the police failed to clear the road of protesters within three days.

27 Feb 2020 12:24 pm
BS Yediyurappa birthday bash today seems to be a show of his appeal amid rumours of change

Political watchers say 78 is an odd age to have a big birthday bash, but in Yediyurappas case, the occasion is intended to send a political message, and remind leaders, both in Delhi and Karnataka, that he was the principal architect of the party in the state.

27 Feb 2020 11:37 am
Delhi HC judge Muralidhar's transfer shows BJP's politics of revenge: Congress

The Congress on Thursday hit out at the government over the transfer of Delhi High Court Judge S Muralidhar, alleging that the Modi dispensation was waging a battle of revenge against the judiciary.

27 Feb 2020 11:26 am
Priyanka Gandhi Vadra attacks government over transfer of Delhi HC judge Muralidhar

The judge was transferred to the Punjab and Haryana High Court, days after the SC collegium made the recommendation. The judge was hearing the Delhi violence case and the late evening notification came on the day when a bench headed by him expressed anguish over the Delhi Police's failure to register FIRs against alleged hate speeches by three BJP leaders.

27 Feb 2020 11:26 am
View: Solidarity and cooperation among countries are our most formidable weapons in the battle against coronavirus

By working together countries promote efficiency. Each country in the region has different strengths and faces different risks. By continuing to share knowledge and resources, countries will build surge capacity a crucial asset that will help them prepare for all possibilities, including community transmission. The latest information suggests that the virus may be more transmissible than early data suggested. All countries must strengthen their readiness to respond.

27 Feb 2020 11:25 am
AASU to decide on Friday whether to form political party or not

AASU will hold state executive and delegation-level meetings on February 27 and February 28 respectively in Guwahati. Following a 6-year long anti foreigners movement in 1985 led by AASU, Asom Gana Parishad (AGP) was formed.

27 Feb 2020 10:27 am
Central Railway shares details of 26 Holi special extra trains

As many as 26 additional trains will be run during Holi to cater to the festive rush, the Central Railway has announced.These special trains will be operated on north-bound routes from Mumbai and Pune, a release by the Railways states.Four weekly special trains each will be operated on Lokmanya Tilak Terminus-Patna, LTT- Varanasi, LTT-Mau and Pune-Danapur route. 10 extra trains will be run between Pune and Balharshah.These trains will run between March 5 and 15. Ticket bookings for these trains

27 Feb 2020 9:51 am
Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling Case

Mumbai: The Enforcement Directorate (ED) has sought permission from the dedicated bankruptcy court to intervene in the insolvency resolution pleas against Sterling group companies Sterling International Enterprises and Sterling SEZ & Infrastructure.ED on Wednesday sought more time from the Mumbai bench of the National Company Law Tribunal (NCLT) to file its response challenging the Sterling promoters move to pay the lenders to the two group companies to withdraw the insolvency resolution plea an

27 Feb 2020 9:16 am
India wants fair share of $100 billion global taxes from Google, Facebook

MUMBAI: India is pushing for a major change at Organisation for Economic Cooperation and Development (OECD) on methodology at determining taxability in every jurisdiction hoping to tap a larger share of tax from multinationals such as Google, Facebook, Amazon and Netflix.OECD recently said that income tax collections of major digital companies could go up by around $100 billion if new tax regulations are formed and adopted by all countries.With a hope of getting larger chunk of $100 billion in g

27 Feb 2020 9:07 am
Its SSG vs Cerberus as Altico takeover reaches last lap

MUMBAI: Offers from SSG and Cerberus have been selected for a final vote after lenders of Altico met on Monday and shortlisted the two as the key contenders to take over the troubled real estate financier, said people directly involved in the process.SSGs final offer after multiple revisions is an upfront cash payment of Rs 2,700 crore and a one year employment guarantee for the management team.Cerberus has offered Rs 2,600 crore in immediate cash payments and Rs 450 crore in security receipts,

27 Feb 2020 8:41 am
Leisure travellers give Southeast Asia a skip, enquiries dip 37%

NEW DELHI: Leisure travellers planning their summer holidays are looking for alternatives to Southeast Asian destinations because of Covid-19 outbreak. Theyre looking at Europe, Sri Lanka, the United Arab Emirates (UAE) and Bhutan besides domestic destinations such as the Andaman & Nicobar Islands and Goa, travel sites said. Italy too isnt on the list because of Covid-19 outbreak there.Enquiries for Southeast Asian destinations are down by about 37% while fares to them have dropped 15-20%, accor

27 Feb 2020 7:45 am
Bharti Infratel awaits SC verdict on AGR for merger with Indus Towers

New Delhi: Bharti Infratel is said to be hesitant about going ahead with a plan involving a merger with Indus Towers and a buyout of 7 per cent equity stake from Vodafone Idea in the resultant entity. While almost all clearances have been obtained, the company has sought to extend the process by another two months.People with knowledge of the matter said the reason is uncertainty over the survival of cash-strapped Vodafone Idea, which is facing adjusted gross revenue (AGR) dues of around Rs 57,0

26 Feb 2020 11:56 pm
Coronavirus threat looms over 2020 Olympics

Tokyo organising committee CEO Toshiro Muto abruptly called a news conference late on Wednesday afternoon to address comments from former International Olympic Committee vice president Dick Pound in an interview with The Associated Press.

26 Feb 2020 11:19 pm
Womens T20 World Cup: Mandhana returns as India look to seal final four spot with win over New Zealand

It will be Harmanpreet Kaur, coincidentally also not among the runs in the two matches India have played at the Womens T20 World Cup, leading India, not Virat Kohli, and the battle will be rejoined over hours rather than days. India are one win away from sealing a spot in the final four, and if they can get past New Zealand they will reach the semis.

26 Feb 2020 11:18 pm
Assam budget 2020-21: CM hold discussion with different ethnic organisation, tea industry seeks waiving of Agricultural Income Tax

Assam Chief Minister Sarbananda Sonowal on Wednesday held pre-budget discussion with the representatives of different ethnic organizations.

26 Feb 2020 10:58 pm
People of Delhi don't want violence, rioters are from outside: Arvind Kejriwal

Addressing the Delhi Assembly on violence in the parts of Delhi, Delhi Chief Minister also announced that AAP government will give Rs 1 crore compensation to Head Constable Ratan Lal who was killed during the violence.

26 Feb 2020 6:19 pm
Food processing ministry approves Rs 162 cr under Operation Greens scheme

The government has approved Rs 162 crore under Operation Green scheme which has an outlay of Rs 500 crore to stabilize the supply of tomato, onion and potato (TOP) crops and to ensure their availability round the year without price volatility.

26 Feb 2020 6:17 pm
BPCL looking at buying rare grades of crude oil at cheaper rates

MUMBAI: State-run fuel retailer BPCL is looking at buying rare grades of crude oil at cheaper rates as the epidemic in China has hurt refiners in the northern neighbor and reduced their purchases. Still, the company is treading carefully as it faces risks by way of inventory losses. The Corona virus has disrupted crude oil prices and China has rejected a lot of crude oil in the last 3-4 months, and there is a significant availability of crude, said R. Ramachandran, head of refineries at the moto

26 Feb 2020 5:53 pm
Can't say repeatedly people have right to protest but without blocking roads: SC on Shaheen Bagh

The top court said it had tried to find an out-of-the-box solution by appointing interlocutors to persuade the protesters looking at the prevailing conditions.

26 Feb 2020 5:17 pm
Delegation from Australia arrives in India as a part of the Australia-India Business Exchange (AIB-X) Ministerial Business Mission to India

John Madew, Senior Trade and investment Commissioner at the Australian Trade and Investment Commission (Austrade) said delegation is keen on leveraging business opportunities in India in light of the growing significance of India -Australian economic relations.

26 Feb 2020 5:11 pm
Jet creditors to ask court to extend liquidation deadline

By Bijou GeorgeCreditors of Jet Airways India Ltd. are seeking court action to save the bankrupt carrier from liquidation as a key deadline looms.Lenders to Mumbai-based Jet Airways plan to request an Indian court extend a mid-March deadline for creditors to agree on a resolution plan or allow the carrier go into liquidation, said people familiar with the matter. Potential buyers of the airline are also seeking more time to prepare bids for the company.Once Indias largest carrier by passengers,

26 Feb 2020 3:42 pm
Rejection of Savarkar resolution: Fadnavis slams Shiv Sena

With the Maharashtra Assembly Speaker on Wednesday rejecting the BJP's demand for a government resolution honouring Hindutva icon V D Savarkar, senior leader Devendra Fadnavis launched a frontal attack on the Shiv Sena, calling it laachar (helpless) for power.

26 Feb 2020 3:40 pm
France reports first French death from coronavirus

The man died overnight after being rushed to a Paris hospital in serious condition on Tuesday evening, bringing the total death toll in the country to two, said the ministry's deputy head Jerome Salomon. The first victim was an 80-year-old Chinese tourist, who died in mid-February.

26 Feb 2020 3:38 pm
India's slowdown bottomed out: Panagariya

NEW YORK: India's slowdown has bottomed out and now its economy needs to be opened up if the country wants to realise the ambition of a 10 per cent growth rate, former NITI Aayog Vice Chairman Arvind Panagariya has said. In his keynote address at a discussion on India's Union Budget 2020, he said in the next fiscal year, India's GDP growth is expected to be 6 per cent and then it will get back to 7-8 per cent which has been the case in the last 15-16 year period. On the slowdown, my own assessme

26 Feb 2020 3:07 pm
RBI's new GDP template: The 12 enablers of India's growth makeover

The new method to calculate GDP includes dynamic indicators like Sensex & nominal effective exchange rate.

26 Feb 2020 2:34 pm
Indian Army to implement new strategy for Jammu and Kashmir

The summer strategy also involves re-occupying some in-depth winter vacated posts along the LoC that either cannot be occupied or are not air-maintainable due to the snow. However, even during winters the LoC remains well secured and there are no gaps. The summer could also witness a modification in the counter-infiltration grid in the hinterland.

26 Feb 2020 2:25 pm
Key takeaways from Modi-Trump's joint statement

Including Basic Exchange and Cooperation Agreement. US Department of Homeland Security and Indias Ministry of Home Affairs to reinvigorate the Homeland Security Dialogue.

26 Feb 2020 2:21 pm
IB staffer found dead in Delhi's riot-hit Chand Bagh area

His body has been taken to the Guru Tegh Bahadur Hospital for an autopsy.

26 Feb 2020 2:14 pm
India sees privatization as answer to flailing discoms

By Rajesh Kumar SinghIndias federal government will encourage inefficient state power utilities to seek privatization and other institutional reforms to turn around money-losing operations and ensure reliable supplies to consumers, according to the top bureaucrat in the federal power ministry.States with electricity utilities that lose more than 15% of revenue due to archaic networks, power theft and sloppy billing and collections would be pushed to seek private participation in their distributi

26 Feb 2020 1:38 pm
Delhi HC asks SG to advice police on lodging of FIRs against 'hate speeches' by 3 BJP leaders

A bench of Delhi High Court justices S Muralidhar and Talwant Singh was hearing plea seeking lodging of FIRs and arrests of those involved in the ongoing communal violence in parts of northeast Delhi over the Citizenship (Amendment) Act. The hearing will continue at 2.30 pm.

26 Feb 2020 1:27 pm
Northeast Delhi violence: Situation 'alarming'; Army should be called in, says Kejriwal

Chief Minister Arvind Kejriwal on Wednesday said the Army should be called in as police is unable to control the situation despite all its efforts following the violence in parts of northeast Delhi. The chief minister said the situation has become alarming, adding that he is writing to Union Home Minister Amit Shah.

26 Feb 2020 11:32 am
India may be set for the road to recovery in 2020

By Anirban NagA sharp pickup in Indias business activity in January signaled momentum returning to Asias third-largest economy, although a strong recovery still looks unlikely as consumer demand remains subdued.The dial on a gauge measuring so-called animal spirits showed activity accelerating for a second straight month, with most of the eight high-frequency indicators tracked by Bloomberg News holding their ground last month. The needle moved to 5 from 4 in December.Lifting ActivityAnimal spir

26 Feb 2020 9:59 am
Delhi violence: Deadly protests rock the national capital

What started as protests for and against the Citizenship Amendment Bill (CAA) have taken a violent and communal turn. Jafrabad and Maujpur are the epicentres of this violence. Hindus and Muslims live in the same localities here and in some areas only lanes separate them.

26 Feb 2020 9:20 am
Army, Police want AFSPA to continue in whole of Assam

Though there is complete peace in lower and central Assam, two districts of upper Assam ate still witnessing insurgent activities led by anti-talk Ulfa which is also known as Ulfa (Independent). The Army is part of the unified command structure, a supreme counter insurgency body in Assam.

26 Feb 2020 9:18 am
Delhi violence: Toll rises to 13 as North-east Delhi stays on the boil

Home minister Amit Shah meets CM Kejriwal & LG Baijal, urges citizens and political parties not to spread rumours. The police registered 11 FIRs under charges of murder, rioting, arson and destruction of public property and deployed 65 companies including paramilitary detachments. Its estimated that more than 180 people including 56 police personnel were injured.

26 Feb 2020 9:13 am
Coronavirus could cost world $1 trillion

Investors nervous as economists predict the outbreak could wipe out a huge chunk of global GDP.

26 Feb 2020 8:37 am
Both countries agreed to fast track deal talks: Piyush Goyal

The minister said stakeholder talks will take place from both sides with industry groups on market access, opening up of services and investment protocols. I can assure what will be done, will be done in the best interests of both countries. It will be an offer, at least from our side, that the US cannot refuse, Goyal said.

26 Feb 2020 8:34 am
Delhi violence: After Manoj Tiwari & Gautam Gambhir's stand, some BJP leaders back Kapil Mishra

Delhi BJP in-charge Shyam Jaju told ET that he did not agree with the view of some party leaders that Mishra is responsible for the violence.

26 Feb 2020 8:28 am
First leg of India-US trade deal likely in 3 months

The initial deal is likely to include restoration of benefits of low or zero duty to certain Indian exports under the Generalised System of Preferences (GSP), and market access for each others agri products. . A larger FTA would be all encompassing, and include aspects other than goods such as services, intellectual property rights (IPR) & investment.

26 Feb 2020 8:24 am
RBI's gradual shift from transparency to forbearance towards stressed sectors

In November 2013, the then central bank Governor Raghuram Rajan had warned banks against dressing up loans, likening the practice with putting lipstick on a pig (that) will not make a princess. His stance marked the beginning of the end of forbearance. Rajans successor Urjit Patel, too, continued with the tradition of nixing proposals that kicked the can down the road.But the new RBI regime under Shaktikanta Das has been different. It has already allowed banks to extend the MSME loan recast sche

26 Feb 2020 8:03 am
Rajasthan plans to set up 30,000 MW solar capacity in 5 years

Jaipur: Rajasthan plans to set up 30,000 MW of solar power plants in next five years and is in talks with leading private and state-run companies to develop energy parks, the states energy minister BD Kalla told ET.This will add to an already installed capacity of around 50,000 MW in the state, he said.We have come up with a new solar policy in which we are giving a host of incentives, including relaxations in stamp duty, electricity duty and transmission and wheeling charges. We are also allowi

26 Feb 2020 7:37 am
EPFO adds over 7.2 m accounts in 9 months

The number of accounts added by the government-managed pension fund during April-December 2019 was higher compared with the 6,112,223 accounts added in the entire fiscal 2018-19. However, the number of new employees added in December fell marginally to 1,008,600 from 1,162,863 in November.

26 Feb 2020 7:16 am
Great Wall Motors plans SUVs to target India's mass market

MUMBAI: Great Wall Motors, China's largest SUV maker, is planning to accelerate its way into Indias mass-market sports utility vehicles, priced from Rs 10 lakh to Rs 20 lakh.The automaker plans to roll out its first vehicle by the first quarter of 2021, within a year of acquiring the Talegaon factory from General Motors. This would be followed by an electric vehicle and mid-size SUVs by 2022-2023, said several people in the know.Great Wall will be introducing SUVs under its mass-market Haval bra

26 Feb 2020 7:16 am
Focus on property registration in Ease of Doing Business push starting off with metropolitans

New Delhi: The government is working on improving the business climate, particularly ease of registering property, in Kolkata and Bengaluru because these two cities will be considered along with Delhi and Mumbai when the World Bank prepares its next Ease of Doing Business report.Officials at the departments of promotion of industry and internal trade (DPIIT) and land resources held a meeting with officials of West Bengal, Karnataka, Maharashtra and Delhi last month to discuss various reform me

26 Feb 2020 6:52 am
Great Wall Motors to launch mass-market SUVs in 2-3 years

MUMBAI: Great Wall Motors, China's largest SUV maker, is planning to accelerate its way into Indias mass-market sports utility vehicles, priced from Rs 10 lakh to Rs 20 lakh.The automaker plans to roll out its first vehicle by the first quarter of 2021, within a year of acquiring the Talegaon factory from General Motors. This would be followed by an electric vehicle and mid-size SUVs by 2022-2023, said several people in the know.Great Wall will be introducing SUVs under its mass-market Haval bra

26 Feb 2020 12:13 am