Satellite communication service provider OneWeb is able to match mobile services rates of western countries but its prices can't be at par with the "extremely low" tariff in India, company's executive chairman Sunil Bharti Mittal said on Sunday. With the launch of 36 Low Earth Orbit (LEO) satellites by NewSpace India Limited early in the [...]
Aviation regulator DGCA has sought details from the Nepal authorities regarding the incident of an Air India and a Nepal Airlines aircraft coming close to a mid-air collision, according to a senior official. On Friday morning, a Nepal Airlines plane coming to Kathmandu from Kuala Lumpur, Malaysia, and an Air India plane coming to Kathmandu [...]
Bharti Enterprise-backed OneWeb on Sunday completed its constellation of 618 low earth orbit satellites that would allow it to offer broadband internet services from space in every corner of the world. Indian Space Research Organisation's Launch Vehicle Mark-3 (LVM3) placed 36 OneWeb satellites in a low earth orbit following a successful launch from the Satish [...]
Preparations are in full swing in West Bengal's Darjeeling district for the 2nd Tourism Working Group Meeting of G20, which will begin on April 1, officials said on Sunday. At the first meeting held in Gujarat's Kachchh in February, five priorities were identified for the sector -- green tourism, digitalisation, skills, tourism MSMEs and destination [...]
Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business. This will also simplify corporate and governance structure and convergence of public shareholders of Butterfly at the parent level and align interests for shareholders of both companies, said a [...]
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday. The Reserve Bank of India in November rejected its application for a payment aggregator (PA) licence for Paytm Payments Services Limited (PPSL) [...]
Equity benchmark indices climbed in early trade on Monday, mainly on account of buying in index majors Reliance Industries and HDFC Bank as well as positive sentiments in the US market. The 30-share BSE Sensex climbed 137.55 points to 57,664.65 points in early trade. The broader NSE Nifty advanced 46.05 points to 16,991.10 points. Among [...]
The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process, according to sources. Meanwhile, the Supreme Court (SC) has listed the matter regarding the second auction for hearing in August. The apex court [...]
“Markets inched further lower and lost over half a percent, in absence of any favorable cues. The first half was dull however pressure in the index majors changed the tone and pushed the Nifty index below the 17,000 mark. The fall was widespread wherein metal, realty and energy majors felt the maximum heat. Meanwhile, the [...]
About three years ago, domestic benchmark indices had plunged 10% after the government's decision to impose a country-wide lockdown to curb the spread of the Covid-19 pandemic and this move battered investor sentiment. However, three years later, plenty of stocks have managed to deliver multibagger returns after the great fall. Here are a few midcap [...]
