JioAirFiber could unlock a US$7-10bn revenue opportunity: Jefferies

New Delhi (IANS) JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have internet access today, according to a report by foreign brokerage Jefferies.

The…

Dunzo laying off 150-200 more employees amid fresh funding news: Reports

New Delhi (IANS) Homegrown quick-grocery delivery provider Dunzo, set to raise $35 million in funding from existing backers like Reliance Industries and Google as well as new investors, is reportedly laying off at least “150-200” more employees amid…

ideaForge and GalaxEye tie up to develop surveillance UAV

Chennai (IANS) Space sector start-up GalaxEye Space Solutions Pvt Ltd and drone maker ideaForge Technology Ltd have inked an agreement to jointly develop an unmanned aerial vehicle with Foliage Penetration Radar.

According to the two companies,…

RBI’s MPC will not tinker interest rate, to maintain hawkish stance: Economists

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the repo rate at their meeting next month but would try to manage liquidity with various instruments it has, said senior economists.

Repo rate…

India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers

New Delhi (IANS) CEO of economy carrier IndiGo, Pieter Elbers, on Tuesday described India as one of the most competitive aviation markets in the world.

Addressing the All India Management Association (AIMA) conference here, he further added…

DGGI slaps Dream11, other online gaming firms tax notices totalling Rs 55,000 crore

New Delhi (IANS) The Directorate General of GST Intelligence (DGGI) has reportedly issued around 12 pre-show cause notices to online real money gaming (RMG) firms, accusing them of evading approximately Rs 55,000 crore in Goods and Services Tax (GST).

India begins chip journey in just 15 months, Micron a beacon to all investors: MoS IT

New Delhi (IANS) In just 15 months’ time, India has seen the construction of its first-ever semiconductor plant, received more manufacturing proposals along with 8 chip designing startups now operational in the country, Rajeev Chandrasekhar, Union…

42% consumers in India to use UPI for festive shopping this year: Report

New Delhi (IANS) Digital payment methods are on the rise in India, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping, a new survey report showed on Monday.

In addition, 57 per…

Markets to remain under pressure in the near term

New Delhi (IANS) Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said "We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards…

Market momentum broken, expect further downside

New Delhi (IANS) The markets were in a sharp correction mode in the week gone by. The saving grace was that we had a holiday on Tuesday to welcome Lord Ganesh for his annual trip, otherwise things could have been even worse. Markets lost on all four…