BUSINESS
Jyotiraditya Scindia Rejects Spectrum Auction Proposal from Ambani and Mittal
"Every country has to follow the International Telecommunications Union, which is the organisation that lays out the policy for spectrum in space or satellites, and the ITU has been very clear in terms of the spectrum being given out on an assignment basis. In addition, if you look across the world today, I cannot think of a single country that auctions spectrum for satellite," Scindia said.
SC Orders Liquidation of Jet Airways
A Bench led by CJI, D.Y. Chandrachud allowed the plea from lenders against the passing of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).
ED Raids Multiple Sellers Linked to E-Commerce Giants Amazon and Flipkart
According to reports, the ED is conducting a pan-India search against subsidiaries and sellers of leading e-commerce players. So far, it is said that the regulator is raiding nearly 24 seller locations in cities such as Delhi, Mumbai, Hyderabad, and Bengaluru.
India’s Domestic Air Passenger Traffic Rises by 6.3% to 13.85 Million in October
Year-on-year growth for October domestic air passenger traffic was at 9.6% and quite significantly higher by 12.8% compared with pre-Covid levels of 122.8 lakh in October 2019, data by credit rating ICRA showed.
Tata Steel Reports Rs 833 Crore Net Profit in Q2, Marking Strong Recovery
The revenues of the company's operations declined 3 per cent year-on-year at Rs 53,905 crore.
RBI Governor Rules Out Immediate Rate Cut, Cites Ongoing Inflation Concerns
Addressing a media event here, the RBI Governor said, "A change in stance does not mean there will be a rate cut in the very next monetary policy meeting."
Indian Stock Market Cheers Trump Win as Sensex Surges 901 Points
The Sensex closed at 80,378.13, up 901.50 points or 1.13 per cent.
Swiggy Secures ₹5,085 Crore from Anchor Investors Ahead of IPO
Among the anchor investors who have been allocated shares are New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund and Schroder International, as per a circular uploaded on BSE's website.
Ola Electric Shares Plunge to All-Time Low of ₹74 Ahead of Q2 Results
"We intend to inform you that a meeting of the Board of Directors of Ola Electric Mobility Ltd is proposed to be held on Friday, November 8, 2024, inter alia, for considering and approving the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2024, along with the Limited Review Report of the Auditors thereon," it said in a stock exchange filing.
E-commerce Platforms Achieve Over ₹1 Lakh Crore in Sales During India's Festive Season
According to industry data, this marks a growth of more than 20 percent compared to last year's festive sales on major e-commerce platforms across the country. Rs 55,000 crore-and this figure has just arrived for the first festive sales week itself that had kicked in on September 26, surpassing more than half of the overall business transacted during this festival.
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