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Shares of Tata Power and Reliance Infrastructure were down on media reports that the State of Maharashtra may announce reduction power tariff.
Recently, the Aam Aadmi Party announced 50 per cent subsidy in electricity tariffs for zero to 400 kWh (units) per month consumption category in Delhi.
Further, the Delhi High Court today ruled that the Comptroller and Auditor General of India (CAG) can audit the accounts of private telecom operators under the relevant provisions of the law.
A bench of justices Pradeep Nandrajog and V Kameswar Rao permitted CAG to carry out audit of private telecom companies under the Telecom Regulatory Authority of India (TRAI) Act.
Tata Power was down nearly 3% and Reliance Infrastructure was down nearly 1% on the BSE.
