India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Sources familiar with the project said the SPV's promoters were looking at raising the additional capital to acquire up to 250 acres at Thane to complete the first phase of the SEZ project, for which IL&FS is an advisor. Inox Infrastructure Private Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Ltd, holds 50 per cent stake in Megnasolace.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
This comes at a time when the group's copper plant in Tamil Nadu remains shut for nearly three years, causing a Rs 5 crore loss every day.
The MoUs were signed on Monday under the 'Magnetic Maharashtra 2.0', hours before the violent face-off between Indian and Chinese troops in the Galwan Valley in Ladakh, in which 20 Indian Army personnel were martyred.
Interestingly, these recovery officers do not have the power to reduce the amount stated in the order issued by the presiding officer. The annual review was published "to point out irregularities or deficiencies which need the immediate attention of the Heads of Departments", S M Kumar, chief controller of accounts, said in the review for 2007-08.
Tata Motors group's investment for this fiscal is pegged at Rs 28,900 crore, mostly for its British arm Jaguar Land Rover (JLR), company chairman N Chandrasekaran said on Friday. The company will also look to raise capital separately for its electric vehicles (EV) business at an appropriate time. It is looking to have 25 per cent of its sales coming from EVs in the medium to long term, up from 2 per cent at present, he said while addressing the company's virtual AGM.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The funds will be released to West Bengal, Odisha, Karnataka, Madhya Pradesh, Maharashtra and Sikkim as assistance for the damage caused by cyclone, floods and landslides during the year.
An RTI reply has revealed that the cost of construction of five Commonwealth Games venues by Central Public Works Department (CPWD) escalated by over Rs 1,110 crore than the original sanctioned amount.
Rs 2,000 crore will be earmarked for the purchase of ventilators and Rs 1,000 crore for care of migrant labourers
Nikunj Saraf, Vice President Choice Wealth, answers your queries
Modi reviewed the situation in West Bengal and Odisha with chief ministers Mamata Banerjee and Naveen Patnaik, two days after the cyclone, the worst in years, devastated their states.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone, after he mentioned the matter. Rohatgi said they are willing to pay Rs 2,500 crore today (Monday) and another Rs 1,000 crore by Friday but no coercive action be taken against the company. He urged the bank guarantee deposited with the government by Vodafone should also not be encashed.
There would be intake of 140 students in the Post Graduate Programme course in phase-I.
The procurement will come at a cost of Rs 38,900 crore.
Announcing yet another pre-poll "guarantee" in Gujarat, Aam Aadmi Party convener Arvind Kejriwal on Friday said his party, if voted to power in the state, will waive farm loans and also create a mechanism to buy produce from farmers at Minimum Support Price (MSP).
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
School dropout Mahashay Dharampal Gulati, famously known as 'MDH Dadaji' for repeated appearance in his spice brand's television ads, started his spices business journey in a nondescript shack in Delhi's Karol Bagh after selling his tonga, and went on, at the age of 94, to becoming the highest-paid CEO in the country's FMCG sector.
After conducting an aerial survey of some of the affected areas and attending a review meeting along with Prime Minister Narendra Modi in Basirhat in North 24 Parganas district, she said there is a need to work together at this hour of crisis.
The CEC said 7.2 crore single-use gloves for voters to press electronic voting machine buttons, more than seven lakh units of hand sanitiser, about 46 lakh masks, about six lakh personal protection equipment (PPE) kits, 7.6 lakh units of face shields have been arranged.
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
Delhi Chief Minister Arvind Kejriwal was questioned for nearly nine hours by the Central Bureau of Investigation (CBI) on Sunday in the excise policy case, amid protests by his party as the Aam Aadmi Party chief claimed that the allegations of scam were false and the agency was acting at the Bharatiya Janata Party's behest.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries
Anil Dhirubhai Ambani Group has accumulated stakes worth Rs 1,047.8 crore
West Bengal Chief Minister Mamata Banerjee on Friday submitted a report to Prime Minister Naredra Modi on the damages caused by cyclone 'Yaas' in the state, and sought a Rs 20,000-crore package for redevelopment of the worst-affected areas.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
"Post demonetisation, during November 9, 2016, to January 10, 2017, more than 1,100 searches and surveys were conducted and more than 5,100 notices were issued by the income tax department for verification of suspicious high-value cash deposits," Finance Minister Arun Jaitley said in a written reply in the Lok Sabha on Friday.
Thackeray also claimed that the Maharashtra government is yet to receive a total of around Rs 38,000 crore from the Centre.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
It has come to light that Rs 25,000 cr cash was deposited in dormant bank accounts while nearly Rs 80,000 cr of repayment of loans was done in cash since November 8
