Bitcoin prices also reacted to Facebook'sban on cryptocurrency adverts while a growing regulatory backlash against the nascent market frightened investors reported Reuters
According to industry experts, the customs duty hike will push foreign players towards manufacturing and sourcing components more within the country.
TRAI arrived at the decision after taking into consideration the comments received from the industry stakeholders.
Walmart could buy a 15 per cent to 20 per cent stake in Amazon.com Inc's main competitor in India, the newspaper said, citing two anonymous sources.
Airtel, India's largest telecoms operator, had expressed an interest to acquire the Nigerian firm as part of plans to consolidate its position in Africa's biggest telecoms market, but it declined to submit a financial bid before a January 16 deadline.
To raise funds and help repay what it owes, RCom announced plans to sell most of its wireless assets to another carrier Reliance Jio Infocomm Ltd.
Lava International is pumping in money in a bid to capture 40 per cent share in the sub-Rs 12,000 segment
Xiaomi, the Chinese company, which is exploring a public listing is now valued at close to $100 billion
Last year, the Income Tax Department had asked e-commerce companies to restructure their marketing expenses under capital expenditure.