The global #MeToo campaign went viral with millions of women sharing their stories of how they faced sexual harassment, shedding light on how virulent the problem of sexual harassment really is.
While the numbers and stories of girls and women of all ages facing sexual harassment has served as a wake-up call worldwide, the Kolkata Police has decided to act.
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Inspired by international tv reality show Big Brother, the Bigg Boss reality show has become a fan favourite in India, and as the show enters its 11th season, hosted by superstar Salman Khan, fans are always waiting to learn about what is new at the house.
Along with Priyank Sharma, who was thrown out of the Bigg Boss 11 house recently, viral sensation, Delhi's Dhinchak Pooja will be getting a Wild Card entry into the Bigg Boss 11 house ahead of the Diwali special episode.
Splitsvilla star Priyank...
BMW has added a new top-spec trim to its 3-series GT line-up in India. Offering a blend of luxury and class with sportiness the 330i GT M Sport, priced at Rs 49.40 lakh (ex-showroom, India). The new range-topping trim commands a premium of about Rs 80,000 compared to the petrol Luxury Line variant. Manufactured at BMW India’s production plant in Chennai, the new variant is now available to order from all
Manufactured at BMW India’s production plant in Chennai, the new variant is now available...
As a 9-year-old girl died at Patna AIIMS while her poor father completed the formalities for her treatment and an official posted at the counter refused to help him, the opposition RJD on Wednesday demanded a high-level probe into the matter.Raushan Kumari, suffering from high fever for six days, died near the Outdoor Patient Department of the All India Institute of Medical Sciences here on Tuesday. Her father Rambalak and his wife, residents of Kajra village in Lakhisarai district, brought her...
An artist Karan K's 48 hours of hard work in creating a large-scale exquisite Padmavati themed rangoli was put to waste when a crowd of 100 protesters destroyed the rangoli shouting 'Jai Shree Ram' in Gujarat's Surat, an incident that was met with outrage from the lead actress of the film Deepika Padukone.
The artist related the ordeal on Twitter, how his artwork, which had been sanctioned by the mall authorities, was destroyed midway.
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Every year, an increasing number of people are added to the tax net and many others are there who are still not clear on how the taxation process works and how taxes should be filed. While earlier, people would have to ask officials personally or scan through online FAQs to clear their doubts, the Income Tax department has now launched an 'online chat' service to answer queries.
Taxpayers can seek answers to their basic questions and doubts regarding direct taxing issues by means of the online chat...
Reliance Communications, Aircel Merge In Largest Telecom Consolidation
NEWS WORLD INDIA | 0
September 14 , 2016 , 19:23 IST
[caption id="attachment_226067" align="aligncenter" width="700"] In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.[/caption]
In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
RCom and Maxis Communications Berhad (MCB) hold 50 per cent each in the merged entity with equal representation on the board and committees.
The transaction will reduce RCom's debt by Rs 20,000 crore (USD 3 billion), while Aircel's debt would go down by Rs 4,000 crore (USD 600 million) on closing in 2017, the two companies said.
The merger will create India's fourth largest telecom operator by customer base and revenues. The merged entity will have the second-largest spectrum holding among all operators, aggregating 448 MHz across 850, 900, 1800 and 2100 MHz bands.
The entity will have assets of Rs 65,000 crore (USD 9.7 billion) and net worth of Rs 35,000 crore (USD 5.2 billion).
"Together with our partners, MCB, we are delighted to have taken the lead in consolidation of the Indian telecom sector, first, with RCom's acquisition of the wireless business of SSTL (Sistema/MTS), and now, with the combination of our business with Aircel in a 50:50 joint venture with MCB," Reliance Group Chairman Anil Ambani said.
This combination is expected to create substantial long term value for shareholders of both, RCom and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies, he added.
"This deal further reinforces MCBs commitment to India. Since acquiring Aircel in 2006, MCB has invested in excess of Rs 35,000 crore (USD 5.2 billion) into Aircel, making this one of the largest foreign investments into India, not only in the telecom industry but across all sectors," MCB said.
RCom will continue to own and operate its high growth businesses in the domestic and global enterprise space, data centres, optic fibre and related telecom infrastructure, besides owning real estate.