Telecom regulator backs operators seeking government help to ease financial stress

Telecom regulator RS Sharma has backed operators seeking government support to alleviate their financial stress, saying the rationalisation of levies will attract investments and push overall sector growth. The National Digital Communications Policy (NDCP), in saying that profit maximisation is not the government’s objective, had finally “addressed a long-standing demand of the private telecom operators, […]

Takeover bid: L&T talks of dil and pyaar while Mindtree spews fire

The takeover battle between Mumbai-based engineering conglomerate L&T and Bengaluru-based IT services firm Mindtree got fierce on Tuesday, with the promoters of the latter vowing to keep the two-decade-old company independent even as its suitor insisted there is no animosity in the takeover bid. While Mindtree promoters and management termed L&T’s acquisition attempt a “hostile” […]