BUSINESS
Successful launch of OneWeb's satellites, ISRO's birthday present to Sunil Bharti Mittal
The Indian space agency successfully launched 36 satellites of the UK-based OneWeb, of which he is the Chairman. OneWeb is a joint venture between India Bharti Global and the UK government. The satellite company plans to have a constellation of about 650 satellites in low earth orbit (LEO) to offer communication services. When queried, Mittal said it was not by design the satellite launch date coincided with his birthday.
RIL becomes first Indian company to post earnings call on metaverse
Using it, analysts across the world tracking the company can toggle with slides and graphics placed on different screens as per the multiple buckets in the results presentation. They can also download the RIL Q2 22-23 media release and the transcript of the media and analyst call in PDF formats.
Akash Ambani launches Jio 5G services in Rajasthan's Nathdwara
"As promised during the recent launch, JioTrue5G will expand to more cities, and Chennai is the latest city to be added to the Jio Welcome Offer. Invited Jio users in Chennai can access unlimited 5G data at up to 1 Gbps and experience JioTrue5G," Akash Ambani added.
Global IT, business revenues to weather looming recession: IDC
The growth outlook for Asia/Pacific was adjusted downward by roughly 10 basis points each year for the next four years.
The region is forecast to grow at around 5.5 per cent each year. Within the region, the growth rates for both China and India have been lowered.
Amid high inflation & weak rupee, Fin Min review says economic performance 'impressive'
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.
Rajasthan mines department reports higher revenue earning than last year
The official said this while attending the monthly review meeting of the mines department through video conference at the Government Secretariat on Friday. He said that in the Amnesty Scheme 2022 of Departmental Dues and Interest Waiver of mines department, Rs 21,85,00,000 has been recovered in 141 cases.
EU leaders agree on roadmap to tackle rising energy prices
The agreement was reached after several hours of discussions over proposals to lower energy bills, which have skyrocketed due to the ongoing war between Russia and Ukraine, reports Xinhua news agency. The summit agreement sets out a "solid roadmap to keep on working on the topic of energy prices", European Commission president Ursula von der Leyen said while addressing a press conference here on Friday.
Musk's antics in Twitter deal make life super tough for banks
According to a report in the Wall Street Journal citing sources, Morgan Stanley, Bank of America and Barclays are finding it hard to hold all $13 billion of debt backing the deal rather than sell it. Banks would likely face losses of around $500 million or more if they tried to sell Twitter's debt at current market prices. A bank generally sells the debt used to create a buyout, and moves on to the next deal.
Oracle modernising Airtel for larger 5G roll-out in India: Top executive
Airtel has launched 5G Plus services in eight cities and users will not need to change the SIM card as the existing Airtel 4G SIM is now 5G-enabled. Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the Airtel 5G Plus services in a phased manner, said the company, as it continues to construct its network and complete the roll out.
We pay all taxes in India, pleased at ITAT order: Google
In its earlier order in 2018, the ITAT had said that Google India's payment to Google Ireland is a royalty and tax should be paid in the country. "We are pleased that the Income Tax Appellate Tribunal through its detailed and reasoned order has confirmed the distinction between royalty and business profits. As such, we pay all of the applicable taxes due and comply with the tax laws in India and in every country where we operate around the world and will continue doing so," a Google spokesperson said in a statement to IANS.
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