Reliance Jio announces All-in-One plans in line with tariff hikes : Bulletin: Business Today
Business Today

Reliance Jio announces All-in-One plans in line with tariff hikes

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December 5, 2019

'I don't eat onion': FM Nirmala Sitharaman on skyrocketing onion prices

Union Finance Minister Nirmala Sitharaman, during the Lok Sabha's Winter session on Wednesday, said the onion price issue did not affect her much as she and her family didn't use this pungent vegetable bulb prominently in their diet. Her remarks came after an opposition leader made an interruption on the onion price issue while she was speaking about the same. Attributing shortage to low production, the minister said there were severe structural problems related to onions. Prices of onion in many places have crossed Rs 100 per kg because of lesser production.

Reliance Jio releases new All-in-One plans; prices begin at Rs 199

Reliance Jio has announced its new All-in-One plans in line with recent tariff hikes in the telecom industry. The cheapest plan costs Rs 199, whereas the costliest plan has been priced at Rs 2,199. The new plans will be effective from December 6, 2019. The new tariff rates have been categorised as 1-month, 2-month,  3-month, 12-month and affordable plans with validity ranging from 28 days to 365 days. Jio had promised that these new plans will be 40 per cent costlier than the older ones, but will deliver 300 per cent more benefits.

Coca-Cola realigns bottling business in North India

Beverage major Coca-Cola has consolidated its bottling business in India with its in-house bottling arm Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) exiting from the northern region. HCCB, the company-owned bottler of Coca-Cola, on Wednesday said it is divesting bottling operations in four territories in north of India to existing bottling partners of the company. The company, however, will continue to operate in east, west and south of India.

Rupee on slippery slope for a year at least: Reuters poll

The Indian rupee will not recover lost ground in the coming year, according to a Reuters poll of currency strategists who are more pessimistic than last month amid doubts over any kind of trade truce between the United States and China. Most emerging markets currencies have depreciated against the U.S. dollar, hurt by the tit-for-tat trade war between the world's two largest economies, and there are scant signs of a resolution anytime soon.

SBI recovers a paltry 2% debt in liquidation cases under IBC

State Bank of India (SBI), the country's largest bank, has recovered a paltry 2 per cent of total debt outstanding in defaulting companies that eventually landed in liquidation under the Insolvency and Bankruptcy Code (IBC). There are as many as 150 defaulting companies under liquidation where SBI had loan exposure of close to Rs 30,000 crore.

Cabinet clears Personal Data Protection Bill; proposes jail term, penalty for privacy violations

The government on Wednesday approved the Personal Data Protection Bill which proposes a penalty of up to Rs 15 crore and up to three-year jail term for company executives for violating privacy norms. The bill also mandates storage of critical data of individuals by internet companies within the country while sensitive data can be transferred overseas only after explicit consent of the data owner.

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