Prime Minister Narendra Modi will launch the much-awaited 5G services in India on October 1, 2022, an official release said on Friday. According to the release, 5G to be launched by the Prime Minister in select cities, will progressively cover the entire country over the next couple of years. The cumulative economic impact of 5G on India is estimated to reach $450 billion by 2035. Capable of supporting ultra-high-speed internet services, the fifth generation or 5G is expected to unleash new economic opportunities and societal benefits, serving as a transformational force for Indian society.
A special court in Mumbai on Wednesday allowed dismissed police officer Sachin Waze's plea to turn an approver in a corruption case involving former Maharashtra home minister Anil Deshmukh.
The Tata group on Thursday launched its super app, Tata Neu, bringing all its brands in one platform as it seeks to play a major role in the Indian ecommerce space currently dominated by the likes of Amazon and Flipkart.
Maharashtra Transport Minister Anil Parab and his then cabinet colleague Anil Deshmukh allegedly received Rs 40 crore from 10 DCPs in Mumbai to reverse the order of their transfer issued by the then city police commissioner Param Bir Singh, dismissed police officer Sachin Waze told ED.
Naidu informed the House that he had received letters from Singh and 13 other MPs seeking leave of absence on medical grounds.
Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
The wedding, which is billed as the India Inc's most expensive yet, was held at Antilla.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
While Mukesh Ambani-led RIL posted a 108 per cent YoY rise in profit after tax for Q4FY21 at Rs 13,227 crore, it fell short of Bloomberg estimate of Rs 13,704 crore.
Police have filed an extortion case against Mumbai Deputy Commissioner of Police Akbar Pathan and two other cops, one of them arrested for the killing of businessman Mansukh Hiran, on a complaint by a man who is an accused in a cheating case, an official said on Thursday.
TCS had replaced RIL as the most valued firm more than four years ago but a sharp rally in the shares of the Mukesh Ambani-led firm in the recent past has helped the company close the gap.
Reliance has no illegal Swiss Bank accounts.
The ED case against Deshmukh and others is borne out after the CBI first carried out a preliminary enquiry followed by a regular case being filed on the orders of the Bombay High Court.
Billionaire Mukesh Ambani's Reliance Industries has invested euro 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India. "NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its euro 39 million ($45 million) Series C financing round with an investment of euro 25 million ($29 million) in phase one," the Indian firm said in a late Tuesday evening statement. The investment by Reliance will accelerate product and technology development for NexWafe, including the completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg.
Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis.
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