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Bombay high court bins government’s 12 retrospective spectrum charge; telecom companies get relief

MUMBAI: In a relief to cellular service operators, Bharti Airtel and Vodafone Idea, the Bombay HC quashed the Centre’s one-time spectrum charge imposed unilaterally in 2012, from 2008 onwards, reports Swati Despande.Govt can’t retrospectively alter the financial terms of telecom licences years after they had been granted, said a division bench of Justices Manish Pitale…

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Haleon to set up 1st manufacturing unit in India, South Asia, invest Rs 2k cr

NEW DELHI: Haleon, formerly GSK Consumer Healthcare, will invest about Rs 2,000 crore (£175 million) to establish its first manufacturing facility in India and South Asia, as the UK firm doubles down on high-growth markets. The move follows the company’s recent investment in China, highlighting the increasing role of emerging markets, which account for about…

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Coinbase (COIN) and Cardless unveil credit card backed by stablecoins

Cardless, a firm that has facilitated credit cards for brands like Qatar Airways and Alibaba, said it developed a payment card in conjunction with crypto exchange Coinbase (COIN) for stablecoin holders who are unable to obtain one through traditional channels. The Coinbase stablecoin-secured product is for situations where a regular credit card cannot be approved…

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Fitch trims India’s growth forecast to 6.4% as Middle East turmoil clouds outlook

This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said…

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‘Could have been murdered by contract killers if …’: Ex-TMC MP Sukhendu Sekhar Ray’s big claim after quitting Mamata’s party | India News

Ex-TMC MP Sukhendu Sekhar Ray (File photo) NEW DELHI: Days after exiting the Trinamool Congress, Sukhendu Sekhar Ray on Monday made explosive claims about the Mamata Banerjee-led party and her previous government in West Bengal. The former TMC leader likened his former party to a “party of thieves, rapists” and made the startling claim that…

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