Reliance unveiled Jio AirFiber today (September 19) across eight Indian cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The wireless Internet solution was introduced during Reliance Industries’ 46th Annual General Meeting (AGM) last month. The Jio AirFiber allow users to access the Internet with up to 1Gbps speed and offers more than 550 digital TV...
LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale. Following the share sale, there is a decrease of 2 per cent in holding during the period from July 22, 2022 to September 13, 2023. “Corporation’s shareholding in Sun Pharma has...
India’s retail inflation eased to 6.83 per cent in August from 7.44 per cent in July as vegetable prices cooled somewhat compared to the previous month, the National Statistical Office (NSO) data showed on Tuesday. At 6.83 per cent, the Consumer Price Index (CPI) inflation print for August is 61 basis points lower than July’s 15-month...
KKR & Co Inc (KKR.N) has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. The private equity firm’s follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a...
Before the G20 Summit, there were several disputes over the country’s name change. Rumours are that the Narendra Modi-led administration can announce to rename India as “Bharat” at a special session of Parliament later this month. The debate began after “President of India” was written as “President of Bharat” in the G20 dinner invitation card,...
Domestic equity markets continued to move higher on Thursday and extended their gains to fifth consecutive sessions, bucking the weak sentiments from the global markets. Buying in heavyweight sectors like financials and banking pushed the headline indices higher. However, global uncertainty may weigh on Dalal Street. For the day, BSE’s barometer Sensex surged more 385.04...
Hon Hai, also known as Foxconn, which made its foray into India in 2005 and has embarked on manufacturing in the country, is optimistic about India developing as the world’s manufacturing hub. Young Liu, Chairman of Hon Hai Technologies, said, “If there are no major changes in the future, India will become a new manufacturing...
Jio will commercially launch Jio AirFiber on 19th September to drive revenue growth in the untapped Indian home segment. With this FWAservice, Jio said it can expand the home broadband service with up to 150,000 daily connections.Jio AirFiber uses pan-India 5G network and advanced wireless technologies to bypass the need for last-mile fibre.Jio said it...
Shares of online food delivery provider Zomato Ltd are headed toward their fresh 52-week high, suggests technical analysis of the stock. The stock has climbed 77% in the last six months and gained 43% in three months. The stock has risen 16% since the firm announced its Q1 earnings. Zomato announced its Q1 earnings during...
Equity benchmark Sensex on Friday rallied around 556 points, logging its best single day in two months, while Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues.The BSE barometer closed higher by 555.75 points or 0.86 per cent at 65,387.16 with 26...