IUC: It’s an all-out war between Reliance Jio and rest of telecom operators

It’s an all-out war between Reliance Jio and rest of the telecom industry regarding review of interconnect usage charges (IUC), which currently stand at 6 paisa per minute. The incumbent operators including Bharti Airtel, Vodafone Idea, BSNL and MTNL support delaying the implementation of ‘bill and keep’ (BAK) regime, under which IUC will become zero, while Jio wants the original schedule to be followed.

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Sensex, Nifty Trade Flat; Infosys Shares Fall Over 2%

share market live chart today

BSE Sense and NSE’s Nifty 50 opened lower today as a selloff in global markets continued for a second day after the US Federal Reserve’s outlook on future rate hike path. Asian stocks fell and Japanese equities dropped deeper into a bear market, with regional shares on course to round out the worst week since October.

Read moreSensex, Nifty Trade Flat; Infosys Shares Fall Over 2%