Vi mulls rolling out 5G on large scale in 6 months

Debt-ridden Vodafone Idea is planning to begin 5G rollout in six months in select cities and places where 5G device concentration is high, a senior company official said on Friday. Photograph: Anushree Fadnavis/Reuters Vodafone Idea CEO Akshaya Moondra said the company expects capital expenditure of the company to be in the range of Rs 50,000-Rs 55,000 crore over the next three years with focus on expanding and strengthening 4G coverage.   Our topmost priority is 4G coverage because ...
Rediff.com, 20 hour(s) ago
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M&M shifts to high gear with Rs 37K cr investments

Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Photograph: Courtesy, Mahindra Electric Automobile Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm ...
Rediff.com, 21 hour(s) ago
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Forex reserves jump $2.56 bn to $644.15 bn

India's forex reserves jumped $2.56 billion to $644.15 billion for the week ended May 10, the Reserve Bank of India (RBI) said on Friday. Photograph: Kham/Reuters In the previous reporting week, the kitty had increased $3.67 billion to $641.59 billion after three consecutive weeks of decline. For the week ended April 5, the reserves had hit an all-time high of $648.56 billion following multiple weeks of rise.   For the week ended May 10, the foreign currency assets, a major component of ...
Rediff.com, 22 hour(s) ago
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Sensex climbs over 250 pts on buying in Reliance, M&M

Equity benchmarks Sensex and Nifty closed higher on Friday as buying in index majors M&M, Reliance Industries and ITC helped the indices rebound from early lows. Photograph: PTI Photo from the Rediff Archives The 30-share BSE Sensex climbed 253.31 points, or 0.34 per cent, to settle at 73,917.03. The NSE Nifty advanced 62.25 points, or 0.28 per cent, to 22,466.10. M&M was the biggest gainer on the Sensex chart, rising 5.97 per cent, followed by JSW Steel, Ultra Cement, Kotak Bank, ITC ...
Rediff.com, 1 day(s) ago
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'Elections May Sway Markets Temporarily'

'The long-term impact of elections is minimal.' Illustration: Dominic Xavier/Rediff.com India's robust fundamentals, reasonable valuations, and strong domestic investment flows provide a buffer, potentially keeping Indian equities more resilient than those of its peers, Anand Rathi, founder and chairman, Anand Rathi Group, tells Puneet Wadhwa/Business Standard in an e-mail interview.   Can global risks unsettle the Indian equity market rally? Global risks loom large, from persistent ...
Rediff.com, 1 day(s) ago
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IT firms' work for int'l clients may not always attract IGST

Services provided by Indian information-technology (IT), marketing, and consulting companies to foreign clients may not always draw integrated goods and services tax (IGST) if a ruling by the Authority for Advance Rulings’ (AAR’s) Telangana Bench becomes a precedent. Illustration: Dominic Xavier/Rediff.com The AAR gave its ruling on a specific case of referral services provided by the Hyderabad-based Center for International Admission and Visas (CIAV) to foreign universities and ...
Rediff.com, 1 day(s) ago
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India's internet economy likely to reach $1 trillion by 2030: Experts

India's internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts. Illustration: Uttam Ghosh/Rediff.com Last year marked a crucial turning point for India’s e-commerce sector, with notable changes in consumer trends, technology, and regulations.   InGovern Research Services, a leading corporate governance advisory firm, hosted a virtual roundtable to ...
Rediff.com, 1 day(s) ago
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India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

India’s defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players – Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) – with a ‘buy’ rating. Photograph: Abhishek N Chinnappa/Reuters The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the ...
Rediff.com, 1 day(s) ago
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Companies finding innovative ways to rotate independent directors

Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard. Photograph: Larry Downing/Reuters An analysis conducted by Institutional Investor Advisory Services (IiAS), a corporate governance and proxy advisory firm, shows independent directors who have completed over 10 years in one company are joining boards of another company of the same ...
Rediff.com, 1 day(s) ago
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Strikes And Lockouts Decline By 90%

Industrial disputes dropped 89.3 per cent to 34 in 2022 compared to 318 a decade ago, shows central and state data. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Travis Saylor/Pexels.com   Air India Express employees called in sick as a mark of protest leading to the cancellation and delay of flights. Before this, employees at Vistara, an airline under the Tata Group, also reported sick leading to cancellations. These incidents ...
Rediff.com, 1 day(s) ago
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