The Delhi High Court lifted the 200 SMS per day per SIM cap for personal usage
The Delhi High Court on Friday lifted the cap on sending 200 SMS per day for personal usage while upholding the curb on unsolicited commercial calls (UCC) or SMS.
A two-judge bench comprising Acting Chief Justice Arjan Kumar Sikri and Justice Rajiv Sahai Endlaw of the Delhi High Court quashed the Telecom Regulatory Authority of India (TRAI) regulation that said an individual could not send more than 200 text messages per day from a single SIM.
The ruling came in response to a petition filed by NGO Telecom Watchdog which contended that the limit puts severe restrictions on the citizen’s right to ‘speech and telecommunication’.
The petition contended that the curb on SMS was undesirable, because a substantial drop in UCC calls was achieved without imposing a cap'. It said the imposition of a SMS cap had been carried out in a completely non-transparent manner and was therefore illegal.
Last year, the Telecom Regulatory Authority of India (TRAI) restricted the number of non-commercial SMSes that can be send from a SIM to 100 to deter unsolicited SMSes by telemarketing companies. It later raised this limit to 200 messages per day follwing requestes from mobile services providers and consumers. There was no restriction on commercial messages sent through telemarketing companies registered with TRAI.
Responding to concerns raised by telecom body COAI, the TRAI exepmted certain services from the SMS limit. TRAI exempted e-ticketing agencies for responding to e-ticketing request made by its customers, SMSes from social networking sites Facebook, Twitter, Orkut, LinkedIn and GooglePlus to their members in connection to activities relating to their accounts, based on verifiable options; and agencies providing directory services, such as Justdial, Zatse, Callezee, Getit and Askme.
The plants named in the APPCB order include two facilities of Aurobindo Pharma, four facilities of Hetero Labs, one each of Cirex Pharmaceuticals, Covalent Laboratories, Divis Pharmaceuticals, Sri Krishna Pharmaceuticals, Innogent Laboratories and SMS Pharma
Hyderabad: The Andhra Pradesh Pollution Control Board has ordered closure of 12 manufacturing units of different pharma companies, including Aurobindo Pharma, around the city for allegedly violating pollution norms, reports PTI.
According to a Board's release, the notices have been issued to the facilities to stop all industrial activities with effect from 23rd July to complete the on-going batches.
"The AP Pollution Control Board has reviewed certain Bulk Drug industries before the Board's Task Force committee meeting on 9 July 2012.
"After detailed discussions, the Board is of the firm opinion that certain industries are violating the orders of Supreme Court of India, Ban Notification issued by the Government of Andhra Pradesh, Appellate Authority order and directions issued by the Board from time to time," the release said.
The facilities named in the order include two facilities of Aurobindo Pharma, four facilities of Hetero Labs, one each of Cirex Pharmaceuticals, Covalent Laboratories, Divis Pharmaceuticals, Sri Krishna Pharmaceuticals and Innogent Laboratories and SMS Pharma.
"Accordingly, the Board vide orders dated 10 July 2012 issued closure orders to the 12 number of Bulk Drug industries located in Medak and Rangareddy District under Water and Air Acts in the interest of protecting public health and environment.
"These industries are also directed to stop all industrial activities with effect from 23 July 2012 to facilitate completion of all on-going batches," it added.
Aurobindo Pharma which has been served notice to shut down its facilities by the APPCB for allegedly violating environmental norms, is mulling to challenge the ecision in Appellate Tribunal, company sources said.
If the Nifty closes above today’s high then we may see some sideways movement
The market which was in the positive till around 2.00pm, slipped into the negative in the second half of trade and settled in the red for the third day. Yesterday we had mentioned that if the Nifty closes strongly below 5,190, we may see a serious downturn setting in. We continue to maintain this stance. However, in case the index manages to close above today’s high, we may see some sideways movement. Today the benchmark moved almost in the same range as yesterday. The National Stock Exchange (NSE) saw a lower volume of 58.25 crore shares.
The market bounced back this morning after a sharp fall on Thursday due to weak dollar guidance by IT major Infosys. IT bellwether TCS, which announced positive first quarter results after the market closed yesterday, shot up 3.5% in early trade this morning. The Nifty opened eight points higher at 5,243 and the Sensex started off at 17,269, up 36 points over its previous close.
Buying interest in blue-chips like HDFC Bank, Cipla, Bharti Airtel and Hero MotoCorp led the market to its intraday high in initial trade itself. At the highs, the Nifty rose to 5,267 and the Sensex climbed to 17,343.
The market pared some gains on profit taking at higher levels amid volatile trade that followed.
The indices expanded their losses in post-noon trade with the benchmarks dipping sharply and entering the negative zone on selling pressure from institutional investors. Falling to the day’s low the Nifty slipped to 5,217 and the Sensex went back to 17,182.
Weak attempts to emerge into the positive were met with resistance as a result of which the market closed marginally lower, and down for the third day. The Nifty settled eight points down at 5,227 and the Sensex fell 19 points to finish at 17,214.
The advance-decline ratio on the NSE was 762:913.
Among the broader indices, the BSE Mid-cap index fell 0.22% and the BSE Mid-cap index shed 0.11%.
BSE Fast Moving Consumer Goods (up 0.22%) and BSE Oil & Gas (up 0.01%) were the only gainers in the sectoral space. BSE Consumer Durables (down 1.63%); BSE Realty (down 1.37%); BSE Metal (down 1.15%); BSE Power (down 0.68%) and BSE IT (down 0.44%) were the main losers.
Hero MotoCorp (up 1.38%); HDFC Bank (up 1.21%); TCS (up 1.10%); ONGC (up 0.92%) and Cipla (up 0.77%) were the top gainers on the Sensex today. The main losers were Jindal Steel (down 3.24%); Hindalco Industries (down 2.11%); Tata Power (down 2.08%); State Bank of India (down 1.69%) and Infosys (down 1.65%).
The top two A Group gainers on the BSE were—Shriram Transport Finance (up 2.31%) and Jain Irrigation (up 2.13%).
The top two A Group losers on the BSE were—Coromandel International (down 4.12%) and Unitech (down 3.56%).
The top two B Group gainers on the BSE were—RS Software (up 19.22%) and Ajcon Global (up 16.77%).
The top two B Group losers on the BSE were—Inventure Growth & Securities (down 19.89%) and Kilburn Chemicals (down 11.07%).
The Nifty was led by Hero MotoCorp (up 1.22%); TCS (up 1.06%); HDFC Bank (up 1.02%); ONGC (up 0.88%) and HCL Technologies (up 0.79%). The top losers on the index were Jindal Steel (down 3.80%); Hindalco Ind (down 2.40%); Tata Power (down 2.18%); SBI (down 1.94%) and Infosys (down 1.83%).
Markets in Asia ended higher as China’s GDP for the June quarter came in at 7.6%, which was in line with market expectations. However, the growth was the slowest in the past three years. Meanwhile, Singapore’s economy contracted 1.1% in the second quarter.
The Shanghai Composite added 0.02%; the Hang Seng rose 0.35%; the Jakarta Composite advanced 0.89%; the KLSE Composite gained 0.05%; the Nikkei 225 was up 0.05%; the Straits Times climbed 0.79% and the KOSPI Composite surged 1.54%. Bucking the trend, the Taiwan Weighted lost 0.37%.
At the time of writing, the key European indices were trading higher in the range of 0.67% to 0.90% and the US stocks futures were in the positive.
Back home, foreign institutional investors were net buyers of stocks totalling Rs268.54 crore on Thursday. On the other hand, domestic institutional investors were net sellers of shares amounting to Rs537.98 crore.
SRF said it has commissioned and capitalized projects at Dahej, Gujarat at a total cost of Rs250 crore. The projects consisting of flexible multipurpose plant for production of fluorochemicals, intermediate specialty plant; and first phase of captive power plant with a capacity of 4 MW at Dahej (Gujarat) have been commissioned and capitalized on 1 July 2012,” SKF said in a filing. The stock jumped 4.06% to close at Rs229.35 on the NSE.
Pipe manufacturing giant Welspun Corp is planning to raise Rs1,000 crore through issue of non-convertible debentures, to repay its debt. The company will use the funds for refinancing of NCD, external commercial borrowings and possible early redemption of foreign currency convertible bonds. The stock declined 0.68% to settle at Rs116.15 on the NSE.
Signet Industries has obtained allocation to supply drip irrigation system to irrigate 5000 hectares of land as first instalment for the year 2012-13 by the Andhra Pradesh government. The stock added 0.08% to close at Rs124.40 on the NSE.