Sensex Hits 40,000; Job Growth Improves; Rcep May Hit Domestic Producers

Sensex and Nifty extended gains for the second straight session today amid a report that the government was reviewing tax structures for market transactions. Reliance Jio Infocomm has written to the COAI slamming its letter to the government concerning the AGR verdict fallout. Despite ongoing economic slowdown, India’s employment figures have remained steady during recent months.

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Reliance Jio, that is part of the COAI along with Vodafone Idea and Airtel, has said that the Mukesh Ambani-helmed telecom operator was not consulted before the organisation shot the letter to the telecom minister alerting him of the “unprecedented crisis in the telecom industry”.

Source: Business Today

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