Thakur
Banned
- Joined
- 30 Aug 2013
- Messages
- 14,856
- Reaction score
- 8,575
At the beginning of last week, geo-
political tensions were seen ruling the
markets, but the markets hit fresh highs
in the latter part due to sustained buying
by FIIs. On a weekly basis, Nifty closed up
around 1.4 per cent. In the short term
Nifty has support at 7700 and 7662 and
resistance is at 7885 and 8015.
Taxes
TRAI recommended a new licensing
regime for DTH TV service providers
under which the tenure of permits will
be doubled to 20 years, renewable for 10
years at a time and the licence fee on
adjusted gross revenue will be reduced to
8 per cent from 10 per cent.
The broadcasting and telecom regulator
also suggested that the adjusted gross
revenue should be calculated excluding
service tax, entertainment tax and sales
tax or value added tax paid to the
government from the gross revenue. The
regulator further specified that all the
DTH providers should be allowed to
migrate to the new licensing regime at
any point of time during their current
licence tenure.
TRAI made recommendations on cross
holdings and control of the broadcasting
and distribution sectors, which suggests
that vertically integrated broadcasters
must be subjected to a set of additional
rules and they should be allowed to
control only one of distribution platform
operator including cable and DTH firms.
Profits
The telecom company IDEA, last week
came out with its earnings where it
posted a 57.4 per cent rise on account of
growth in both voice and data services.
The company's net profit stood at Rs
728.2 crore for the quarter ended June
30, 2014 as compared to Rs 462.7 crore
during the same period last year.
During the period, the net revenue of the
company rose 15.6 per cent to R 7561
crore from R 6538.8 crore, last year in
the same period. On sequential basis, the
company posted a 23.47 per cent rise in
the net profit at Rs 589.8 crore on total
revenues of Rs 7043.8 crore. As of June
30, the company has also reduced its net
debt by R 5208.7 crore to Rs 13976.9
crore. http://www.mid-day.com/articles/game-changers/15484152
political tensions were seen ruling the
markets, but the markets hit fresh highs
in the latter part due to sustained buying
by FIIs. On a weekly basis, Nifty closed up
around 1.4 per cent. In the short term
Nifty has support at 7700 and 7662 and
resistance is at 7885 and 8015.
Taxes
TRAI recommended a new licensing
regime for DTH TV service providers
under which the tenure of permits will
be doubled to 20 years, renewable for 10
years at a time and the licence fee on
adjusted gross revenue will be reduced to
8 per cent from 10 per cent.
The broadcasting and telecom regulator
also suggested that the adjusted gross
revenue should be calculated excluding
service tax, entertainment tax and sales
tax or value added tax paid to the
government from the gross revenue. The
regulator further specified that all the
DTH providers should be allowed to
migrate to the new licensing regime at
any point of time during their current
licence tenure.
TRAI made recommendations on cross
holdings and control of the broadcasting
and distribution sectors, which suggests
that vertically integrated broadcasters
must be subjected to a set of additional
rules and they should be allowed to
control only one of distribution platform
operator including cable and DTH firms.
Profits
The telecom company IDEA, last week
came out with its earnings where it
posted a 57.4 per cent rise on account of
growth in both voice and data services.
The company's net profit stood at Rs
728.2 crore for the quarter ended June
30, 2014 as compared to Rs 462.7 crore
during the same period last year.
During the period, the net revenue of the
company rose 15.6 per cent to R 7561
crore from R 6538.8 crore, last year in
the same period. On sequential basis, the
company posted a 23.47 per cent rise in
the net profit at Rs 589.8 crore on total
revenues of Rs 7043.8 crore. As of June
30, the company has also reduced its net
debt by R 5208.7 crore to Rs 13976.9
crore. http://www.mid-day.com/articles/game-changers/15484152
