SERVICE CHARGE CONSUMER RIGHTS
Consumer spending on mobile services up 5.5% at Rs 65,080 cr
India's mobile service consumer spending increased by 5.5% sequentially in Q3FY25, reaching ?65,080 crore, driven by tariff hikes implemented in July 2024. This rise boosted telcos' prepaid and postpaid revenues. Data consumption patterns shifted, with 5G usage growing to 26.5% of total data, while 4G usage declined.
China asks food delivery giants to compete fairly
Chinese authorities met with major food delivery firms JD.com, Meituan, and Ele.me to address competition issues. Regulators urged adherence to laws, fair competition, and protection of consumers, businesses, and workers’ rights, according to a statement released by the country’s market regulator on Tuesday.
Accelerating towards tomorrow: India’s electric vehicle revolution
Government initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiveness. PM E Drive underscores India's policy dedication to innovation and sustainability in the EV sector.
Kohli retires from Tests: How his brand value is set to soar
Despite retiring from Test cricket, Virat Kohli's brand value is expected to rise, with endorsement fees increasing upon contract renewals. He plans to focus on fewer, larger partnerships, leveraging his widespread appeal across generations and demographics. Brands are eager to continue their association with Kohli, recognizing his strong social media presence and performance-driven connection with consumers, ensuring his enduring marketability.
Electricity bills of power consumers in Delhi to be hiked by 7-10% in May-June period
Delhi residents will face a 7-10% electricity bill hike in May-June due to revised Power Purchase Adjustment Cost (PPAC) approved by DERC. This increase, attributed to rising fuel costs, has been met with criticism from residents' associations who allege procedural irregularities. Discoms defend the PPAC as essential for covering power purchase costs and maintaining financial stability.
I-Sec maintains Add on Godrej Consumer Products, raises target price to Rs 1,380
ICICI Securities is positive on Godrej Consumer Products. It has set a new target price of Rs 1,380. The firm anticipates strong revenue and profit growth for Godrej Consumer Products. They project significant CAGR for revenue, EBITDA and PAT over the next few years. Key risks include competition and slowdown in specific product categories.
This Mother’s Day, gift your mother awareness about her succession and inheritance rights
Many women are unaware of their inheritance rights, often losing rightful dues. On Mother's Day, it's crucial to inform mothers about their legal rights under succession and personal laws, ensuring they receive their fair share of property whether a will exists or not. Indian mothers also possess maintenance rights, allowing them to claim support from their children if needed.
Thousands march in Germany against the far right
Massive protests erupted across Germany against the Alternative for Germany party. This followed the intelligence service's decision to label AfD as a right-wing extremist group. Demonstrators marched in numerous cities. They demanded a ban on the party. The AfD, however, claims the decision is politically motivated. The party's popularity has been growing. It secured second place in recent elections.
Plastic credit market to grow 70% with new recycling rule, hit $1.7 billion by 2030
India's plastic credit market is projected to reach $1.67 billion by 2030, driven by extended producer responsibility mandates requiring recycled content in plastic packaging. While this boosts recycling, challenges persist in procuring quality plastic at the right price and managing reverse logistics. Experts emphasize the need for efficient collection systems to support recyclers and ensure market growth.
Trai pegs spectrum charges for satcom cos like Starlink at 4% of revenue; says levy not a blow to telcos
Telecom regulator Trai suggests satcom firms like Starlink pay 4% of revenue as spectrum charges. An additional annual fee applies to urban users. Trai also proposes subsidies for rural user terminals. Chairman Lahoti says satellite services will complement terrestrial ones. The DoT will review Trai's recommendations.
TRAI satcom spectrum pricing balances need for govt revenue & satellite services affordability: ISpA
Indian Space Association (ISpA) praises TRAI's satellite spectrum pricing recommendations. ISpA acknowledges the balance between government revenue and affordable services. The association looks forward to continued collaboration with TRAI. TRAI suggests satellite companies pay 4% of adjusted gross revenue as spectrum charges. An 8% license fee is also applicable. TRAI recommends a five-year spectrum allocation, extendable by two years.
Supreme Court upholds toll-free status for DND Flyway, ending controversy over toll charges
The Supreme Court upheld its decision to keep the DND flyway toll-free, dismissing a review petition by the Noida Toll Bridge Company. The court emphasized that the company had already recouped its investment and profited significantly, deeming further toll collection unfair to the public. NTBCL is considering further legal options to protect its interests and investors.
DND flyway to remain toll free as SC junks Noida Toll Bridge Co's review plea
The DND flyway will remain toll-free. The Supreme Court dismissed Noida Toll Bridge Company's review petition. This upholds an earlier decision halting toll collection on the Delhi-Noida Direct flyway. The court cited a CAG report indicating the company had already recovered costs and profits. The court criticised NOIDA for allowing indefinite exploitation of users.
Debunking Myths: The game changing benefits of EVs
EVs are increasingly recognized as a pivotal solution to the pressing environmental challenges faced both in India and globally. However, persistent myths and misconceptions about EVs are being perpetuated by certain vested interests to foster uncertainty among potential EV buyers. It’s important to bust these myths so the public has access to accurate, evidence-based information about the advantages of EVs.
Services activity picks pace in April on strong output, exports
India's services sector experienced a slight growth in April, with the HSBC India Services PMI increasing to 58.7. New business volumes rose sharply, and international demand saw its fastest expansion since July 2024. Despite this growth, business sentiment weakened to its lowest level since mid-2023 due to increasing competition.
Bengaluru tenant rants about rogue landlords who rule without rules. Netizens echo the outrage
A viral Reddit post has sparked outrage over Bengaluru's increasingly hostile rental scene, where tenants allege harassment, hidden charges, and zero accountability from landlords. From leaking walls to surprise repair bills, renters say they’re being exploited with little legal protection. As more stories pour in, the city’s booming housing market is under scrutiny for failing those who call it home.
Federal Bank new service charges: Check latest ATM charges, cash deposit charges, locker rent and more changes from June 1, 2025
The Federal Bank is set to revise its service charges and fees starting June 1, 2025, impacting various transactions. These revisions include changes to ATM fees, cash handling charges, penalties for not maintaining the minimum balance, locker rents, and account closure fees.
Govt acts tough on service charges on restaurant bill: Fiesta by Barbeque Nation, Chaayos and another 3 eateries asked to refund money
Service charge: Central Consumer Protection Authority (CCPA) takes suo moto cognizance against 5 Delhi Restaurants for non-refund of service charge on restaurant bill. The 5 Delhi restaurants are: Chaayos, Fiesta by Barbeque Nation, Makhna Deli, Xero Courtyard, Castle Barbeque. The Ministry of Consumer Affairs have ordered these restaurants to issue refunds of service charge to the customers.
CCPA takes action on 5 Delhi restaurants including Chaayos, Xero Courtyard for not refunding service charges
Central Consumer Protection Authority (CCPA) takes suo moto cognizance against five Delhi based restaurants for non-refund of Service Charge including Makhna Deli, Xero Courtyard, Castle Barbeque, Chaayos, and Fiesta by Barbeque Nation for failing to refund mandatory service charges despite judgment held by High Court of Delhi.
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