34 C Business / The Economic Times
BSNL's revenue has been affected by delays in 4G rollout and tough competition in the mobile segment, Parliament was informed. As of March 8, BSNL installed 74,521 out of 83,993 planned 4G sites. The governments 2019 revival package, including VRS, reduced BSNL's employee costs by 51%, helping it achieve operating profits since 2020-21.
Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters and other shareholders selling 77.9 lakh shares. Studds designs and sells helmets and accessories in over 70 countries. The company will not receive any funds from the IPO.
The government will discontinue the Gold Monetisation Scheme from March 2025 due to evolving market conditions. Banks are allowed to continue short-term gold deposit schemes. Since 2015, GMS has mobilised 31,164 kilograms of gold from about 5,693 depositors, including medium and long-term deposits.
The BJP-led Delhi government will present its first Budget in 26 years for 2025-26 under Chief Minister Rekha Gupta. A recent CAG report criticized the previous AAP government for inefficiencies and financial losses in the Delhi Transport Corporation. The Budget Session, commencing after a BJP electoral victory, promises significant discussions on financial and policy matters.
Samsung Electronics Co-CEO Han Jong-hee died Tuesday from cardiac arrest. He was 63. Han led the company's consumer electronics and mobile devices division. Co-CEO Jun Young-hyun manages Samsung's chip business.
President Trump is set to unveil a 'Liberation Day' tariff plan on April 2, targeting specific nations with reciprocal tariffs as a response to their trade barriers against the US. While significantly expanding US tariffs, this plan is more targeted and does not apply universally, potentially reducing market anxiety.