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DoT amends ISP licenses on telecom gear use from trusted sources, products lists


DoT amends ISP licenses on telecom gear use from trusted sources, products lists
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Last Updated: Mar 17, 2021, 09:32 AM IST
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Synopsis
With effect from 15 June 2021. the licensee shall only connect Trusted Products in its network, and also seek permission from designated authority for upgradation of existing network utilizing the Telecommunication Equipment, not designated as Trusted Products, it added.
Agencies
GAIL, RailTel, Power Grid, Oil India which have ISP licenses can only install equipment from the trusted products list from June 15.
The Department of Telecommunications (DoT) has brought in the clauses of ‘trusted sources’ and ‘trusted products’ for internet service providers (ISP) as well by amending their license. ISPs have criticised the move, saying many may have to shut shop as procurement costs could rise substantially as they heavily bank upon Chinese manufacturers for their supplies. ....

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Mutual Funds continue to trim positions in heavyweights in February


In February, mutual funds continued to trim positions in heavyweights such as Bharti Airtel (Rs 2,800 crore), HDFC Bank (Rs 1,700 crore), Reliance Industries (Rs 1,500 crore) and HDFC (Rs 1,400 crore) as investors continued to redeem money in equity schemes.
Positive flows were seen in NTPC (Rs 700 crore), IndusInd Bank (Rs 700 crore) and L&T (Rs 650 crore). Most large MFs remained underweight on banking and overweight on capital goods. Mid-cap additions included SAIL (Rs 540 crore), IRCTC (Rs 430 crore) and Jindal Steel (Rs 290 crore), while major reductions included Dixon Tech (Rs 440 crore), Max Fin (Rs 400 crore) and PI Industries (Rs 390 crore).
Small-cap additions were PVR (Rs 380 crore), Railtel (Rs 280 crore) and ESAB (Rs 230 crore) while key reductions were Engineers India (Rs 240 crore), Indian Energy Exchange (Rs 160 crore) and Just Dial (Rs 140 crore). ....

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