Reliance Jio may have outpaced Bharti Airtel in both overall revenue and per-user revenue growth in the June quarter, aided by strong additions in its high-paying fixed wireless access (FWA) home broadband segment, analysts said ahead of the telecom sector’s first-quarter earnings.Market leader Jio is expected to report a 1.8% sequential jump in average revenue…
The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal said on Friday.India and the four-nation EFTA bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024….
Market regulator Sebi’s sweeping action against global proprietary trading firm Jane Street has triggered wider concerns about India’s options markets, with Zerodha founder and CEO Nithin Kamath warning that the crackdown, while justified, could adversely affect retail trading activity and hit exchanges and brokers.“You’ve got to hand it to SEBI for going after Jane Street….
Air India Express operates as a Tata Group-controlled subsidiary of Air India. (AI image) The Directorate General of Civil Aviation had in March expressed disapproval against Air India Express for failing to replace engine components of an Airbus A320 as stipulated by the European Union Aviation Safety Agency. Not only that, the airline also submitted…
Tata Steel has received a demand notice of Rs 1,902 crore from the Deputy Director of Mines, Jajpur, for an alleged shortfall in mineral dispatch from its Sukinda Chromite Block in Odisha. The company disclosed the development in a stock exchange filing on Friday and said it would pursue legal remedies.The demand, issued on July…
India’s foreign exchange reserves surged by $4.84 billion to reach $702.78 billion for the week ended June 27, inching closer to their record peak, according to data released by the Reserve Bank of India (RBI) on Friday.This rise follows a dip of $1.01 billion in the previous week, when reserves had stood at $697.93 billion….
India has informed the WTO’s Council for Trade in Goods regarding its intended suspension of concessions. (AI image) India has proposed retaliatory tariffs on Friday against the United States at the WTO (World Trade Organisation) in response to American safeguard measures on the automobile sector. The move comes amidst ongoing trade deal talks with the…
China targets involution’ in EV market (Image credits: AP) China’s government is stepping in to cool down the fierce price war in its electric vehicle (EV) market, as concerns over oversupply, shrinking margins, and industry instability grow.After years of aggressive industrial policy driving EV adoption, China’s electric vehicle market has become the largest in the…
Indian airline IndiGo has launched direct flight services between Mumbai and Amsterdam. The new route, announced on Wednesday, marks the airline’s second major long-haul launch in two days, following the start of Mumbai-Manchester flights.“This route will not only enhance connectivity for leisure, business, and student travellers, but also deepen the thriving partnership between India and…
Nuvama expressed its concerns about the potential slowdown in Trent’s growth. (AI image) Trent Ltd, a Tata Group company, saw a significant share price decline of 8.7% to Rs 5,652 on the National Stock Exchange on Friday. This drop followed the company’s AGM announcement regarding slower revenue growth, leading Nuvama brokerage to revise its rating…
