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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Goods export estimated to have grown 15 per cent in May

NEW DELHI: Continuing the momentum witnessed in April, Indian goods exports are estimated to have grown 15% in May as crude refining industry gained from high global oil prices. Excluding petroleum products, merchandise exports are estimated to have risen at 11% last month, an official said Monday.“It’s not only the petroleum products that drive the…

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Indian eco resilient amid global turmoil, says Sebi chief

MUMBAI: India’s growth story, anchored in domestic consumption demand, strong govt investments and improving private sector participation, has helped the country stand out as a resilient economy at a time of global turmoil due to geopolitical uncertainties, Sebi chief Tuhin Kanta Pandey said.“We are living in uncertain times. Ongoing geopolitical developments, including war in West…

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Vaibhav Sooryavanshi reminds Glenn McGrath of Brian Lara and Garry Sobers | Cricket News

Rajasthan Royals batter Vaibhav Sooryavanshi (Image: X) CHENNAI: Australian pace legend Glenn McGrath heaped praise on teenage batting sensation Vaibhav Sooryavanshi, comparing his batting style to some of the greatest names in cricket. McGrath, who is the director of coaching at the MRF Pace Foundation, said Sooryavanshi’s fearless approach and distinctive backlift reminded him more…

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