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RCOM writes to DoT against discriminatory treatment on bank guarantee

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Reliance Communications

New Delhi, July 12: Protesting against the Department of Telecommunications’ (DoT) discriminatory treatment regarding bank guarantee, Reliance Communications (RCOM) has written to the telecom secretary flagging the issue, according to sources.

“RCOM has protested to DoT against discriminatory treatment in favour of Vodafone-Idea on bank guarantees (BGs). It said DoT is still challenging return of RCOM OTSC (one-time spectrum charge) bank guarantees of Rs 2,000 crore despite a clear-cut TDSAT order,” a source said.

RCOM said in the letter that no bank guarantee was sought by DoT regarding Vodafone OTSC demands on identical facts, prior to the merger approval.

The company said Vodafone OTSC demands are Rs. 9,000 crore, which is more than four times the RCOM OTSC demands.

“RCOM said DoT is adopting unfair, inconsistent and discriminatory approach,” sources said.

IANS

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Sensex sheds over 1,000 points, recovers around 700

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Sensex equity Nifty

Mumbai, Sep 21: Reversing all the gains made earlier in the day, key Indian equity indices slumped on Friday afternoon, with the BSE Sensex losing over 1,000 points.

It touched an intra-day low of 35,993.64 points, against the previous close of 37,121.22 points.

However, it recovered to trade at 36,825.92 points (1.12 p.m.), lower by 295.30 points or 0.80 per cent from the previous close.

On Thursday, stock exchanges were shut on account of Muharram.

IANS

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Man finds insect in cake at Ikea Hyderabad store, Tweets video

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IKEA Cake insect
The photo tweeted by the customer who bought a cake at IKEA's Hyderabad restaurant.

Hyderabad, Sep 21: Swedish furniture major IKEA’s first ever store in India in Hyderabad has again landed in controversy. Weeks after a customer had complained about finding a caterpillar in his biryani, ordered at Ikea’s store in Hyderabad, another customer has said that he found an insect in a chocolate cake that he ordered at the Ikea store.

The customer, Kishore, tweeted on September 12 that he found the insect inside a slice of chocolate cake while his daughter was eating the dessert at the IKEA store. He also posted a video in which an insect can be seen crawling over the chocolate cake.

The Greater Hyderabad Municipal Corporation has reportedly fined the Swedish furniture major Rs. 5,000 based on Kishore’s complaint.

IKEA on Thursday expressed regret over the incident. “In our Hyderabad restaurant when a customer was eating a chocolate cake which he bought, a fly was seen on the cake which eventually flew away. We regret this and apologise to our customer for the unfortunate experience. We are taking steps to avoid such occurrences,” an IKEA spokesperson said.

This is the second such incident that happened at the Ikea Hyderabad store that was opened on August 9. On September 2, a customer reported a caterpillar in the vegetable biryani supplied to him. Ikea India subsequently took vegetable biryani and samosa off its menu and apologised to the customer.

Read More: IKEA stops selling biryani, samosa after complaint

In the incident of the caterpillar in biryani, the furniture giant was fined Rs. 11,500 by the Hyderabad civic agency.

IKEA opened its first India store in Hyderabad on August 9. It has a 1,000-seater restaurant that serves a wide range of food, from Swedish to Indian snacks.

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Petrol price hiked again

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Petrol Price

Sep 21 :No respite from petrol price hike as petrol on Friday has been increased by Rs 0.9 and was being sold at Rs 89.69 per litre while in Delhi petrol price stands at Rs.82.32 per litre.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed international factors for the hike in the prices of petroleum products.

As in Chennai it is being sold at Rs. 85.48 per litre. Diesel prices stood at Rs 73.87/litre in Delhi, whereas in Mumbai it is 78.42/litre.

Meanwhile, a litre of petrol in Chennai was increased by 7 paise to be sold at Rs 85.48.

 

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or Value Added Tax (VAT).

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