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Jio 5G across India by Dec 2023: Mukesh Ambani

Jio 5G across India by Dec 2023: Mukesh Ambani

Reliance Jio, the nation's biggest telecom firm, will expand 5G telephony services offering ultra high-speed internet connectivity to every part of the country by December 2023, its chairman Mukesh Ambani said on Saturday. Jio had in September 2016 made an entry into the telecom sector, offering free voice calls and dirt-cheap data, forcing the competition [...]
Airox Technologies files Rs 750 cr IPO papers with Sebi

Airox Technologies files Rs 750 cr IPO papers with Sebi

Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the [...]
RBI cuts growth forecast to 7% for current fiscal

RBI cuts growth forecast to 7% for current fiscal

The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand. Unveiling the fifth monetary policy for this fiscal, RBI Governor Shaktikanta Das said the central bank remains [...]
Housing sales up 41% at 88,234 units in Jul-Sep in 7 cities

Housing sales up 41% at 88,234 units in Jul-Sep in 7 cities

Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales [...]
RBI retains inflation projection for FY23 at 6.7%

RBI retains inflation projection for FY23 at 6.7%

The Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by Russia-Ukraine war. RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. [...]
LIC stake in Deepak Nitrite rises over 5%

LIC stake in Deepak Nitrite rises over 5%

Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent. The Corporation's shareholding in Deepak Nitrite has increased from 67,88,327 to 68,58,414 equity shares, increasing its stake from 4.977 per cent to 5.028 per cent of the [...]
Adani Enterprises subsidiaries secure Rs 10,238 crore fund for Ganga Expressway Project in UP

Adani Enterprises subsidiaries secure Rs 10,238 crore fund for Ganga Expressway Project in UP

Adani Enterprises Ltd on Thursday said it's three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode. The company in a statement said it has secured finances of Rs 10,238 crore from lenders, and the concession period of the project shall be 30 [...]