BSNL to launch  4G services across India in August

BSNL to launch 4G services across India in August

Tuesday, 07 May 2024 | PTI | New Delhi

State-owned BSNL will start rolling out 4G services across the country from August, using completely indigenous technology in line with the government’s “Atmanirbhar” policy, according to official sources. BSNL officials claimed to have recorded peak speed of 40-45 megabit per second on the 4G network which has been rolled out...

India has unexplored opportunities: Warren Buffett

Monday, 06 May 2024 | PTI | Washington

Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked...

Home loan outstanding reaches Rs 27 lakh crore in March: RBI

Monday, 06 May 2024 | PTI | New Delhi

Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI’s data on ‘Sectoral Deployment of Bank Credit’. Experts from banking and real estate sectors attributed this growth in...

UPSIDA revenue in FY24 hits record Rs 1,359 crore

Monday, 06 May 2024 | PTI | NOIDA

Uttar Pradesh State Industrial Development Authority (UPSIDA) has recorded an operating revenue of  Rs 1,359 crore in financial year 2023-24 -- the highest ever for the public sector undertaking in UP, according to an official release. “This achievement marks a doubling of revenue compared to financial year 2018-19, indicating a robust...

Mahindra Finance reports 10 per cent drop in Q4 net profit at Rs 619 crore.

Monday, 06 May 2024 | PTI | New Delhi

Mahindra & Mahindra Financial Services has reported a 10 per cent decline in standalone profit and tax to Rs 619 crore for the January-March quarter of 2023-24. The non-banking finance company also said that in a fact-finding assessment of the fraud in its Aizawl branch during the quarter identified 2,887 loan...

India, Ghana agree for early operationalisation of UPI system

Monday, 06 May 2024 | PTI | New Delhi

India and Ghana are working to link their payment systems - Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers on a reciprocal basis. The two countries have also delved into discussions regarding the possibilities of a Memorandum...

India urges ADB not to overlook its focus on growth and shared prosperity

Monday, 06 May 2024 | PTI | Tbilisi (Georgia)

India on Sunday urged the Asian Development Bank (ADB) not to overlook its focus on reduction of remaining poverty while promoting sustainable growth for the member nations in the Asia Pacific region. Making intervention at the Board of Governors Business Session at the 57th Annual Meeting of ADB, India’s Temporary Alternate...

States should support decarbonisation of aluminum industries: Study

Sunday, 05 May 2024 | PTI | New Delhi

States should support the decarbonisation of aluminium industries by waiving or reducing open access charges for renewable power, a study has said. Open access charges are levied by power distribution companies (discoms) on those consumers which buy electricity from any other source. State governments should also prioritise giving right of way to...

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