BUSINESS
Industry hails TRAI recommendations to slash prime 5G spectrum base price
According to industry experts, the TRAI has mooted the concept of sharing of spectrum between the satellite and 5G industry in a harmonious manner. "These are one of the most holistic, far-sighted and balanced recommendations in the last 25 years of the Indian telecom industry," said T.V. Ramachandran, President of Broadband India Forum (BIF).
7 Reasons Why You Need to Get a Critical Illness Health Insurance
Health insurance, particularly critical illness health insurance, can provide much higher benefits. Read on to know how critical illness insurance is different from common health insurance and why you need one.
HDFC entities merger can trigger spate of M&As in banking sector: Fitch
According to it, the merger between HDFC Bank and its shareholder HDFC may have long-term implications for the nation's banking and non-bank financial institution (NBFI) sectors. Besides, it said that the proposed merger could redefine the competitive landscape for banks, and increase the prominence of M&A among banks seeking to close the market-share gap with the merged HDFC Bank. "It could also influence the evolution of the NBFI sector, particularly for large entities that have nurtured banking ambitions amid tightening sector regulations," the agency said.
Equity indices decline for second straight day
For fresh cues, investors await inflation data for March which will be released later on Tuesday evening. The Sensex settled at 58,576 points, down 388 points or 0.66 per cent, whereas Nifty settled at 17,530 points, down 145 points or 0.82 per cent, from their previous close.
Adani Green shares up 5% as Co becomes 10th largest on BSE
On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800. Notably, the Adani Group company became the 10th largest firm on the Bombay Stock Exchange in terms of market capitalisation. Commonly referred to as market cap, market capitalisation is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks.
Meta onboards Sequoia India to boost SMBs' growth
"Meta and Sequoia India are both working towards the common goal of unlocking more growth opportunities for small businesses in India," said Archana Vohra, Director, Small and Medium Businesses India at Meta. Meta's VC Brand Incubator Initiative was launched in 2019 as an industry-first initiative to boost the growth of startups.
Action against hoarders of edible oils, oilseeds to keep tab on price rise
Prices of cooking oil are on an upwards swing globally due to the Ukraine-Russia war. "The domestic prices of edible oils have been following the international suit and the prices have increased considerably over the past one month which may be attributed to the current geopolitical condition," officials said. Inspections have revealed very large hoardings of soybean and mustard seeds in Dewas, Shajapur and Guna districts of Madhya Pradesh.
Fortnite developer Epic raises $2 bn to build for metaverse
The funds will be used to boost Epic's dream to build the metaverse. Sony and KIRKBI invested $1 billion, respectively, in Epic. "This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive," said Tim Sweeney, CEO and Founder, Epic Games.
Honda to launch 30 EVs with $40 bn investment by 2030
Over the next 10 years, Honda will allocate approximately 5 trillion yen ($40 billion) in the area of electrification and software technologies to further accelerate its electrification, including both R&D expenses and separate investments. Honda's overall R&D expenses budgeted for this period will be approximately 8 trillion yen, the company said in a statement late on Monday.
Flexible work policies forcing 7 in 10 Indian women to quit: LinkedIn
The research by Microsoft-owned professional networking platform found that poor employer sentiment towards flexible working and career breaks is holding women back from asking for greater flexibility and re-entering the workforce. While eight in 10 (83 per cent) of working women have realised they want to work more flexibly, 70 per cent have already quit or considered quitting their jobs because they weren't offered the right flexible policies.
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