Photo: Good Returns
Jio, Qualcomm Tech Join Hands To Create 5G Network
Jio Networks and Qualcomm Technology are collaborating to create a 'virtual RAN complaint 5G solution'. The development of efficient RAN solutions aims to encourage the local production and speed up the 5G network infrastructure in the country under Atmanirbhar Bharat. Mathew Oommen, president of Jio Infocomm, stated, " We are delighted… read-more
Tags: Jio Platforms, Qualcomm, 5G
Courtesy: Good Returns
Photo: Wipro
Wipro To Work Along With Fortum To Support Multi-Supplier Ecosystem
Multinational IT firm Wipro has signed a 5-year deal with Fortum, a Finland-based clean energy firm for Application Management (AMS) and Services Integration and Management(SIAM). Reportedly, according to the contract, Wipro will handle Fortum's portfolio for over 11,500 customers in 18 nations. Wipro will also use its AI-powered platform, 'Wipro Holmes' to improve the end-user experience on the applications. Further, the firm plans to… read-more
Courtesy: The Hindu
Photo: Economic Times/Business Today
L&T Wins Bid To Build 47% Of Mumbai-Ahmedabad Bullet Train Route
Mumbai-based Larsen and Toubro Limited (L&T) on October 19 won the bid for constructing the largest section of Mumbai-Ahmedabad bullet train project. L&T quoted Rs 24,985 crore for the project, which was lesser than other bidders - Tata Projects and Afcons Infrastructure Limited. Reportedly, L&T will construct 47% (237 km) of the 508-km long project including four stations: Vapi, Billimora, Surat and Bharuch. Interestingly, the… read-more
Tags: L&T, Mumbai-Ahmedabad Bullet Train, Bidding, construction
Courtesy: Live Mint
Photo: Getty Images
China Reports 4.9% Surge In Year-On-Year Growth During July-Sept Quarter
China has witnessed a 4.9% surge in the economy during the July-September quarter 2020 as compared to the same quarter last year. Cabinet adviser, Qiu Baoxing stated, “By focusing on domestic circulation, we are actually enhancing our own resilience.” Another advisor Justin Lin Yifu said China's economy is expected to improve in the coming months, making it a global power-house accounting for "not less than 30%" of the world's economy.
Tags: China, Covid-19, Economy, Chinese Economy
Courtesy: The Indian Express
Photo: NrewsOzzy
Amazon, Flipkart Warned For Not Revealing Product's Manufacturing Origin
The Consumer Affairs Ministry has warned the e-commerce giants - Amazon India and Flipkart - for the sellers not mentioning the product’s manufacturing country. The Union government has sought an explanation for the lapses in the implementation of the rules within 15 days. The rules were enforced following the Indo-China standoff, owing to which Indian government banned Chinese imports. However, the e-commerce companies have still not… read-more
Tags: Amazon India, Flipkart, india china face off, INDIA CHINA border(1346), competition, Violation, big billion sale
Courtesy: The Indian Express
Photo: Smart Prix
Jio Plans To Launch Affordable 5G Phones; Targets Existing 2G Customers
One of the officials from Reliance Jio stated that the company is targeting 20-30 crore 2G customers with the launch of new affordable 5G phones. Reportedly, the company is planning to introduce 5G mobiles at Rs 5,000, which could be reduce to Rs 2,000-3000 in the subsequent times. At present, the company is waiting for the government's nod and spectrum allocation to test the 5G services.
Tags: Reliance, Jio 5G, Jio Phones, 5G services
Courtesy: Deccan Herald
Photo: Just Science
Oct 2020's Power Consumption Expected To Surpass Oct 2019's Mark
According to the government's data, October 2020's power consumption is expected to surpass the consumption amount of October 2019, which was 97.84 billion units. The data stated that current consumption for October 1-15 stood at 55.37 billion units (BU) as against the 49.67 BU for the corresponding period in 2019. Reportedly, the consumption was much low since the lockdown, but started gaining momentum after the 'unlock' began.
Tags: Electricity, Consumption, Power, Festive Season, Lock Down
Courtesy: LiveMint
Photo: News Track
HDFC to Finance Tata's Passenger Vehicles Under New Scheme
Under the new ’Gradual Step Up’ and ’TML Flexi Drive’ schemes, Tata motors reported that its passenger vehicles can be financed by HDFC banks after the collaboration. Reportedly, the schemes are open until the end of November where the customers can choose their EMI paying options. A Tata Motors official said, “The schemes are affordable and accessible to individuals and families, while contributing to the joy of this year’s festive season… read-more
Tags: TATA MOTORS INDIA, HDFC, EMI, Automobile
Courtesy: CNBC
Photo: Freshers Live
GST: Union Govt To Borrow Rs 1.1 Lakh Crore And Pass It To States
The Finance Ministry on October 15 stated that it will borrow Rs 1.1 lakh crore to bridge the shortfall in the Goods and Services Tax compensation. It further stated the move will not put pressure on the Centre's fiscal deficit target either because the amount will be transferred to states as loans with minimum interest rate. Reportedly, many states have urged the Centre to borrow on behalf of them.
Tags: GST, business, State Development Loans, Compensation
Courtesy: Live Mint
Photo: The Economic Times
US-based Investment Firm Kora to Invest Rs 380 Crore in Zomato
Food delivery company Zomato has attracted investments worth Rs 380 crore from US-based investor Kora Investments. Reportedly, the company granted 12,656 Class J5 preferential dividend shares to Kora Investment I LLC which sums up to little more than a percent's stake. Earlier, in the first half of 2020, the had company received investments from the US and Singapore based investors. Currently, the company is valued at USD 3.3 billion.
Tags: ZOMATO, Kora Investments
Courtesy: LiveMint