Business
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Reliance Jio leads 5G spectrum auction with Rs 88,078 cr: Ashwini Vaishnaw
New Delhi: Mukesh Ambani-led Reliance Jio emerged the top bidder in India’s 5G spectrum auction, acquiring 24,740 MHz spectrum worth Rs 88,078 crore, IT Minister Ashwini Vaishnaw announced on Monday. Sunil Mittal’s…
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Esports Premier League Season 2 postponed amid BGMI’s ‘China connection’
New Delhi: The ban on popular battle royale game Battlegrounds Mobile India (BGMI), which is the Indian version of PUBG, has resulted in a top e-sports event being postponed amid reports claiming…
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5G spectrum auction sees bids worth Rs 1,50,130 cr after 37 rounds
New Delhi: Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130…
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Rupee rises 13 paise to 79.11 against US dollar in early trade
Mumbai: The rupee strengthened by 13 paise to 79.11 against the US dollar in opening trade on Monday. Forex traders said the rupee opened stronger as the dollar continued to fall on…
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Sensex, Nifty open on positive note on firm global trends, foreign funds inflows
Mumbai: BSE benchmark indices Sensex, Nifty opened on a positive note on Monday tracking firm global trends and fresh foreign fund inflows. The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and…
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After 37 rounds, 5G spectrum auction sees bids worth Rs 1,50,130 cr
New Delhi: Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130…
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PC shipments, chip sales growth face record slump this year: Report
New Delhi: Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to…
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Indian Bank Q1 net profit at Rs 1,213 crore
Chennai: Public sector Indian Bank closed the first quarter of FY23 with net profit of Rs 1,213.44 crore, higher than what it had logged during Q1FY22. According to Indian Bank, it had…
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Ather Energy, Ola Electric see sharpest drop in EV 2-wheeler sales in July
New Delhi: Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering…
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India’s 5G auction hits Rs 1.5 lakh cr, bids to continue: Union IT minister
New Delhi: The 5G spectrum auction has crossed Rs 1.5 lakh crore after 30 rounds and the auction will continue for a few more days, Union IT Minister Ashwini Vaishnaw said on…
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Global smartphone shipments down 9% in Q2: Canalys report
New Delhi: Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut rapidly and suppliers have started…
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AWS now has $79 bn annual sales run rate as top Cloud provider
New Delhi: Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the leading Cloud provider once again.…
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ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod
Chennai: ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max Entertainment Private Ltd. In a…
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Ola may lay off 1,000 employees to ramp up EV plans
New Delhi: As Bhavish Aggarwal-led Ola aims to ramp up its electric vehicle (EV) business, media reports have claimed that the ride-hailing platform is laying off around 1,000 employees from across verticals.…