This investment will be over and above the Rs 1,60,000 crore the company has already invested in its active and passive network, spectrum, fiber, submarine cables and systems till date.
Honda Cars India has raised the prices of its entry level car Brio in the range of Rs 15,000 to Rs 18,000. Prices of compact sedan Amaze have been hiked in the range of 19,000 to Rs 26,000.
Rs 60,000-crore upstream subsidy burden was mostly in line with ONGC's expectations, says Gagan Dixit, Quant Broking. He added that however, crude prices have corrected, and diesel under-recoveries have dipped below Rs 4.