Bharti Airtel on Saturday announced it has garnered over 50 million 5G customers on its network - a feat achieved within one year of the launch of Airtel 5G Plus.
The Sunil Mittal-led telecom company also said Airtel 5G Plus services are available across all districts in the country.
"Airtel continues its 5G growth streak with 50 million unique customers on its network," the company said.
Making it one of the fastest rollouts in the country, Airtel 5G Plus is available across all the 28 states and 8 union territories.
Randeep Sekhon, Chief Technology Officer (CTO) of Bharti Airtel said the telco is thrilled at the speed of adoption of 5G by millions of customers and added "we are reaching this milestone earlier than planned".
"This marks a big expansion of Airtel's 5G coverage going from 1 million in October of 2022 to 50 million in just 12 months of the launch. The expansion continues at full speed and I am sure, we will continue to rapidly multiply as we work towards nationwide

Airtel 5G, Airtel

The Afghanistan Embassy here announced Saturday night that it is ceasing its operations from October 1, citing a "lack of support from the host government", failure to meet expectations in serving Afghanistan's interests, and reduction in personnel and resources.
In a statement, the Afghanistan Embassy in New Delhi said it regrets announcing the decision to cease its operations, effective October 1, 2023.
"It is with profound sadness, regret, and disappointment that the Embassy of Afghanistan in New Delhi announces this decision to cease its operations," the statement said.
The embassy said that this decision, while deeply regrettable, was made after careful consideration, taking into account the historic ties and long-standing partnership between Afghanistan and India.
The embassy statement also listed key factors affecting its ability to continue the mission effectively and said that they were the primary reasons for the "unfortunate closure".
The embassy cited a "lack of suppor

Afghanistan Flag

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.
This was made possible as the railways carried out 38 structural and procedural reforms in these six months, which helped improve its overall performance, he told reporters.
"Our total budget for 2023-24 is Rs 2.4 lakh crore, out of which we have already spent Rs 1.4 lakh crore in the first half of the current financial year. This is 59 per cent of the total budget," Vaishnaw said.
On the structural reforms carried out by the railways, he said the whole system of project execution, its finance and monitoring process have been revamped to bring in transparency and quality control.
The Item Rate Contract system has been changed to Engineering, Procurement, and Construction (EPC) contracts, which is better and more accountable, he added.
"Earlier, detailed project reports (DPRs) were made, which was more 

Union Railways minister Ashwini Vaishnaw

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

The deal is Venezuela's first step to open up operations in its metallurgic and mining industries to an international private company, after US sanctions hit the country in 2019

Jindal Steel and Power Ltd (JSPL)

IBBI also said that there was a gap in understanding in the market about what components of the liquidation cost are to be excluded to derive "other liquidation cost"

Insolvency professionals, resolution professionals, RPs

This is the first time in seven years that the Pakistan Cricket team has arrived in India

Pakistan's Babar Azam (Photo: Reuters)

Global packaging solutions provider SIG will set up its first aseptic carton plant in India at Horizon Industrial Parks' facility in Ahmedabad.
SIG is partnering with Horizon Industrial Parks to set up its first aseptic carton plant in India, according to a company statement.
Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds.
The current portfolio comprises 17 industrial and logistics parks spread across more than 1,000 acres and with a development potential of 25 million square feet, which are in eight key markets in India.
"Horizon Industrial Parks will develop a build-to-suit facility to support SIG's manufacturing of aseptic carton packs for beverages and food," the statement said.
Of the 9,00,000 square feet of production space currently under construction, 8,00,000 square feet will be dedicated to SIG.
"By building this plant, we are reaffirming our commitment to this thriving market, where we've seen tremendous dem

products, Product packaging

Capital market regulator Sebi has renewed the licences of NSE Clearing Ltd and Indian Clearing Corporation Ltd for three years.
The three-year licence will be valid till October 2, 2026, according to two separate gazette notifications issued on Wednesday.
NSE Clearing Ltd is a wholly-owned subsidiary of the National Stock Exchange (NSE) and Indian Clearing Corporation Ltd (ICCL) is an arm of BSE.
While considering the applications for renewal of recognition by NSE Clearing and ICCL, Sebi said it would be in the interest of the trade, in the interest of securities market and also in the public interest to do so.
The watchdog has renewed their recognition to function as clearing corporations "for three years commencing on October 3, 2023 and ending on October 2, 2026".
NSE Clearing and ICCL are responsible for clearing and settlement of all trades executed on NSE and BSE, respectively, as well as carry out deposit and collateral management, and risk management functions.

SEBI

The feature will be available within the CRED app

CRED_FinTech_company_logo

India has allowed Nepal to sell electricity generated through two hydropower projects in its real-time energy market starting Saturday midnight, according to the Nepal Electricity Authority (NEA).
It is for the first time that India granted project-wise approval ensuring that Nepal could sell hydroelectricity in India's Real-Time Market (RTM).
The Central Electricity Authority of India has allowed the trading of 44 MW of electricity generated from the 19.4 MW Lower Modi and 24.25 MW Kabeli B-1 hydropower projects in the real-time market in the first phase, according to Suresh Bahadur Bhattarai, the spokesperson at the NEA.
Bhattarai said approval had been received for the sale of electricity from two projects in both the day-ahead and the real-time markets.
Earlier, we had to wait for a day for the import and export of electricity, said Bhattarai.
"Now we can trade by bidding just one hour and fifteen minutes before the sale. Now we can buy or sell power in case of a sudden shutdo

New electricity tariff rules

Agri-tech platform Arya.ag is expecting to more than double its profit and grow the topline by around 70 per cent to Rs 500 crore this fiscal as it focuses more on sales along with expansion of its customer base.
Arya.ag claims to be the largest and the only profitable agri-tech platform focused on foodgrain storage and sale.
The Noida-based startup founded in 2013 by Prasanna Rao, Anand Chandra and Sathyanathan Devarajan and backed by funds like Lightrock, Accion Quona Capital, Asia Impact Fund and Omnivore Partners, has a revenue of Rs 298 crore, from which it earned Rs 16 crore of net income.
These funds collectively own 60 per cent of the company with a combined investment of USD 65 million. The company did not offer a break-up of either their individual holding or their investment.
It also has debt investors like Rabo Bank, HDFC Bank and ICICI Bank, from whom it has borrowed Rs 980 crore so far.
"This year we see the numbers hitting Rs 500 crore in revenue and the net profit 

Corporate profit

India and Bangladesh have discussed preparations to start talks for a free trade agreement between the two countries to promote economic ties, an official statement said on Sunday.
It was discussed during an official-level meeting of the Joint Working Group on Trade (JWG) between India and Bangladesh, which was held last week in Dhaka.
The meeting "discussed a host of bilateral issues such as removal of port restrictions, ground work on commencement of Comprehensive Economic Partnership Agreement (CEPA), harmonization of standards, and mutual recognition of standards, supply of essential commodities to Bangladesh," the commerce ministry said.
CEPA is a kind of free trade agreement, under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. Besides, they also ease norms to promote trade in services and investments.
They also deliberated upon issues related to development of road and rail infrastructure, regio

FTA, Free Trade Agreement, Trade Ties, Deals, Partnership

Energy storage solutions company Luminous Power Technologies aims to double its growth in the next four years, and is looking at solar energy vertical as a major growth enabler, where it is investing substantially, CEO Preeti Bajaj said.
Luminous Power, now completely owned by French engineering company Schneider Electric, has plans to invest around Rs 2,000 crore in capacity expansion of its existing plants, a solar greenfield project, research and development (R&D), digitisation, brand building and channel engagements.
The company sees solar as a "growing market" and reach an "inflection" point in the next 2-3 years in terms of cost, as demand for clean energy sources is going to rise, where Luminous Power aims to be a leading company in this transformation journey here, she said.
"Our vision is that solar will be a substantial part of our business," said Bajaj.
With the rise in per capita income and increase in power consumption due to multiple appliances in urban households, ..

clean energy, fuel, hydrogen fuel

Hyundai Motor India on Sunday said its total wholesales increased 13 per cent year-on-year to 71,641 units in September, its highest ever in a month.
The country's second largest carmaker had dispatched 63,201 units to dealers in September last year. Domestic sales last month rose to 54,241 units, up 9 per cent from 49,700 units in September 2022, Hyundai Motor India said in a statement.
Exports were higher at 17,400 units last month from 13,501 units in September 2022, an increase of 29 per cent.
"While the industry grew by 2 per cent last month, our domestic dispatches were up 9 per cent. The share of SUV sales in our overall volumes continues to grow," Hyundai Motor India COO Tarun Garg told PTI.
The ongoing festive season has resulted in strong sales momentum, helping  the automaker achieve 9 per cent  growth, he added.
"Our strong SUV portfolio has received a further boost with the exceptional customer response to the newly launched Exter," Garg said.
The company has garnere

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India allows Nepal to sell electricity in its real-time energy market

Arya.ag eyes to double profit, revenue increase by 70% to Rs 500 cr in FY24

India, Bangladesh discuss preparations to start talks for free trade pact

Luminous Power aims to double growth in next 4 years; to invest Rs 2,000 cr

Hyundai reports highest ever monthly sales in September at 71,641 units

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Airtel hits 50 mn 5G customers, says services now span all districts

Afghan embassy in India announces shut down of operations from Oct 1

Railways utilised 59% of its capex in first 6 months of 2023-24: Vaishnaw

M-cap of 5 of 10 valued firms decline by Rs 62,586 cr; TCS biggest laggard

Venezuela, Jindal Steel sign deal to run country's largest iron ore plant

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