Bharti Airtel urges GOI to keep 5G spectrum fees low
The Telecom Regulatory Authority of India (TRAI) has recommended a 39% reduction in spectrum fees including the 5G network.
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RBI approves Fino Bank & Suryoday Small Finance Bank partnership to offer FD & RD services
Fino Bank will offer the referral services of FD and RD to its over 3.9 million customers.
Number of domestic passengers grew 38%, Indigo records highest in March: DGCA
IndiGo ranks first for carrying 58.61 lakh passengers, the highest number of passengers in March.
Reliance Jio beats Bharti Airtel, becomes India’s 2nd largest service provider
Reliance Jio records 58.85 lakh wireline subscribers whereas Bharti Airtel has reported 57.66 lakh subscribers in the month of February.
Abu Dhabi Investment Authority agrees to buy 10% stake in HDFC Capital
HDFC Capital is a wholly-owned subsidiary of HDFC Ltd & it manages private equity funds related to the realty sector.
IMF cuts India’s FY23 growth forecast to 8.2%, warns of inflation & supply disruption
The reason for this sudden cut in the growth estimate is due to the negative impact of increasing oil prices due to the ongoing Russia-Ukraine war.
L&T Infotech reports net profit of ₹637 crore in Q4
The board has approved a dividend of Rs 30/ share for the fiscal year 2021-2022.
UN to discuss draft resolution over limiting veto power of permanent members of Security Council
The Liechtenstein proposal is backed by 50 countries including the United States.
New Cabinet of Ministers to be formed in Sri Lanka today
The full cabinet of ministers resigned in the first week of April due to anti-government protests.
IAF to no longer buy 48 Mi-17 V5 helicopters from Russia: Report
The deal was signed between India & Russia about 10 years ago for the procurement of 80 Mi-17 V5 helicopters.
Punjab: CM Bhagwant Mann announces 300 units of free electricity
AAP supremo Arvind Kejriwal has further announced that the government will ensure a 24/7 power supply & will soon waive off the pending electricity bills.
Elon Musk offers to buy 100% stake in Twitter, says “need to transform it”
Currently, the Tesla CEO owns over a 9% stake in Twitter.
Ola CEO Bhavish Aggarwal met Transport Minister Nitin Gadkari in New Delhi
The Ola CEO had also shown a demo of the S1 Pro electric scooter to the transport minister.
Alliance Air is no longer a subsidiary of Air India, Check details here
On October 8 2021, the Tata Sons had won the bid for Air India. Tata’s had placed the bid amount worth ₹18,000 crore.
World’s biggest asset manager BlackRock reports net profit of $1.44 billion in Q1
The company has generated $114 billion of quarterly long-term net inflows which is a big positive for the company.
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