Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres. …
John David
Reliance Partners With UK Chain To Launch Sandwich And Coffee Chain India
After the fashion world, Reliance Brands Limited entered the Food & Beverages Space. On Thursday, the company announced a franchise partnership with ‘Pret A Manger’, a UK-based food and organic coffee chain, to launch and build British Sandwich and Coffee chain in India. Reliance is spreading its wings everywhere. Before this Reliance picked stakes in…
Abdullah Ansari
Jain Irrigation Ltd. To Merge With Rivulis To Overcome Debt
Jain Irrigation System Ltd., on Tuesday, said that its global irrigation business would be merged with Temasek-owned Rivulis in a cash-and-stock deal. The company took this move to reduce its debt by 45%, or Rs 2,500 cr. Jain Irrigation’s global business has been valued at Rs 4,200 cr. of which Rs. 2,7oo will be used…
UBI Appoints A Manimekhalai As MD & CEO
A Manimekhalai has been appointed as the new managing director and chief executive officer (MD & CEO) of Union Bank of India for a period of three years, the government announced on June 2. Before this, Manimekhalai was executive director at Canara Bank. After Vijaya Bank was merged with the Bank of Baroda in 2019,…
Vipin Kumar
Petrol And Diesel Prices On June 1 In Delhi, Mumbai, And Other Cities
Petrol and Diesel Price In India on June 1: The petrol and diesel prices remain unchanged for the tenth day running on Wednesday. Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol and diesel earlier in May by 8 and 6 rupees per litre, respectively. Public sector Odisha Mining Corporation or…
Akasa Air Shares First Picture Of Boeing 737 Max Plane
Rakesh Jhunjhuwala-backed Akasa Air has shared the first picture of its Boeing 737 Max Plane. Akasa Air is expected to receive its first plane by mid-June and plans to launch its operations in July, after a delay of almost two months. The airlines released the first picture of the Max plane from the Boeing production…
Himanshu
Campbell Wilson Appoints As CEO & MD Of Air India
Tata Sons announced the appointment of Campbell Wilson as CEO and MD of Air India. The Mumbai-based conglomerate completed its acquisition of the state-owned national carrier in January. Since then, the position has been vacant, and the company has been searching for a person to lead the airlines. The decision comes after the appointment of…
Seetu kumar
Uniphore Acquires AI-powered Knowledge Automation Firm Colabo
Uniphore technologies Inc, a Conversational Automation platform, on Wednesday, acquired an AI-powered knowledge automation Colabo. The company has not disclosed the financial statement for the traction. Colabo specializes in extracting and utilizing information from structured and unstructured in real-time. Uniphore is a Chennai-based company that focuses on business growth. It said that Colabo’s AI solution…
TRAI Cuts 5G Spectrum Price By 36-40%
The telecom regulatory on Monday has suggested a 36% cut in the 5G Spectrum (3300-3670MHz band) to Rs. 317 crore across India from the Rs. 492 crore suggested in 2018. It offers significant relief to telcos and sets the stage for them to secure prized airwaves in the government auction. Not only this, TRAI, Telecom…
Shipra Prajapati
Elon Musk Success Story – The Billionaire Entrepreneur
“I think it is possible for ordinary people to choose to be extraordinary.” – Elon Musk For several years, Elon Musk has always been the centre of attention. Thousands of people have been stunned and awestruck by his extraordinary achievement that defied the circumstances. He is best recognised for co-founding SpaceX and overseeing the operations…
