Reliance Industries Limited chairman Mukesh Ambani shared a special message on Thursday as India celebrated its 25th anniversary of mobile telephony. Ambani said that affordability has been of the major achievements of the Indian mobile telephony. “First mobility has become affordable beyond all expectations. In 1995, the cost of a per-minute call from one cell phone was 24 rupees. 16 rupees for the caller and eight rupees for the called. Now, voice calls are free, without any time limit,” he said. He also said affordability also paved the way for ceasing a rich man’s monopoly over it. “Second, because mobility became affordable it also became democratic it ceased to be a rich man's monopoly, long ago. Indeed, no other technological tool in human history has erased the rich, poor, divide the way mobile telephony has.” “This is also an occasion for us to look at the obstacles that have prevented Indian consumers and Indian society from fully benefiting from the digital revolution. Here I specifically referred to the fact that India still has 300 million mobile subscribers trapped in the 2G era,” he said adding, “I think necessary policy steps should be taken with utmost urgency to make 2G a part of history.”
Credit: HT Digital Content Duration: 02:52Published
Reliance Industries Ltd Chairman Mukesh Ambani on July 31 extended his congratulations to Department of Telecommunications and Cellular Operators Association of India for commemorating the silver jubilee of mobility in India. During his interaction, Ambani urged Union Communications Minister RS Prasad to make 2G a part of history by taking some policy steps in utmost urgency. "300 millions mobile subscribers trapped in 2G era," he said.
Reliance Industries Chairman Mukesh Ambani at their 43rd Annual General Meeting announced that Google and Jio are partnering to build an Operating System that could power a value-engineered, entry-level 4G/5G smartphone. "Google and Jio are partnering to build an Operating System that could power a value-engineered, entry-level 4G/5G smartphone. The Jio-Google partnership is determined to make India 2G-mukt," said Mukesh Ambani. Google CEO, Sundar Pichai said that everyone should have access to the internet. Proud to partner with Reliance Jio to increase access for the hundreds of millions in India who don't own a smartphone with our 1st investment of $4.5B from the Google For India Digitization Fund, he said.
Equity benchmark indices scaled up during early hours on August 04 with broad-based buying across financial, auto and other sectors. At 10:15 am, the BSE SandP Sensex was up by 319 points or 0.86 per cent at 37,259 while the Nifty 50 gained by 88 points or 0.81 per cent at 10,980. Except for Nifty IT, pharma and PSU bank, all sectoral indices at the National Stock Exchange were in the green with Nifty auto moving up by 1.4 per cent, financial service by 1.2 per cent and realty by 0.9 per cent. Among stocks, HDFC Bank was the top winner after climbing 4.4 per cent to Rs 1,046.50 per share. Index heavyweight Reliance Industries offset yesterday's losses and gained 1.7 per cent to Rs 2,043.25 per unit.
Equity benchmark indices closed marginally lower on Friday in line with Asian peers following a record contraction in economic data from the United States. The BSE SandP Sensex was down by 129 points or 0.34 per cent at 37,607 while the Nifty 50 slipped by 29 points or 0.26 per cent at 11,073. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma gaining by 3.5 per cent and PSU bank by 1.4 per cent. But Nifty financial service, private bank and auto were in the red. Among stocks, Reliance Industries lost by 1.84 per cent to Rs 2,070 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore. Eicher Motors slipped by 2.7 per cent, Bajaj Auto by 1.6 per cent and Hero MotoCorp by 1.2 per cent. HDFC Bank, HDFC and HDFC Life lost by 1.6 per cent, 1.3 per cent and 1.2 per cent respectively. The other prominent losers were Kotak Mahindra Bank, Wipro and Asian Paints. However, Sun Pharma moved up 5.4 per cent to close at Rs 537.80 per share while Cipla witnessed a gain of Rs 5.1 per cent. JSW Steel, State Bank of India, Axis Bank, HCL Technologies and Tata Motors too traded in the green. Meanwhile, Asian shares slid as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment. US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week. Japan's Nikkei dropped by 2.82 per cent, Hong Kong's Hang Seng by 0.47 per cent and Seoul's Kospi by 0.78 per cent.
On Thursday, UPS beat estimates for second-quarter revenue and profits. This is because the coronavirus pandemic has boosted domestic deliveries. CEO Carol Tome said Demand in Asia and strong healthcare shipping activity also fueled the UPS earnings win. The company refrained from providing forward guidance, citing ongoing uncertainties surrounding the pandemic. Business Insider reports that UPS shares rallied as much as 11.4% in early trading.
CNN reports fresh outbreaks of the novel coronavirus COVID-19 are sweeping across Europe as they have in Asia. Amid renewed lockdown measures, the virus is sending a clear message: no country is safe from a resurgence. Germany was a model for effectively handling the pandemic. Steered by calm, clearly communicating Chancellor Angela Markel, Germany responded rapidly and quickly built an infrastructure for mass testing.
Bollywood actor Raveena Tandon was seen outside a coffee shop in Mumbai. The actor was seen posing for shutterbugs in casual attire with mask on. Meanwhile, actor Ajay Devgn was spotted outside his office in the city. Entertainment industry is gradually resuming work amid COVID-19 situation.
Bollywood celebrities were spotted at several places in Mumbai on Tuesday. Celebrities stepped out wearing masks and taking necessary precautions. Ajay Devgan, Dino Morea and Raveena Tandon were spotted. Ajay devgan was snapped outside his office in Juhu. Dino Morea was spotted cycling at Bandstand in Bandra. The actor, however, was seen not wearing a mask. Dino maintained social distancing as he was travelling alone. Raveena Tandon was spotted at Starbucks in Juhu. Nupur Sanon, sister of Kriti Sanon was also snapped at Starbucks, Juhu.
Credit: HT Digital Content Duration: 01:24Published
Last rites of Captain DV Sathe were performed in Mumbai on August 11. Maharashtra government accorded state funeral to late Wing Commander (Retd) Sathe. Earlier, his mortal remains were brought to his residence. Captain Sathe was flying the Air India Express flight which crash-landed at Kozhikode airport on August 7. Flight crash claimed 18 lives.
New twists and turns continue to emerge in the Sushant Singh Rajput case with every passing day. Even as a political war continues between Bihar and Maharashtra, now the Central Bureau of Investigation has taken over the probe. This after Sushant's father filed an FIR in Patna accusing Rhea of abetment to suicide and also levelled allegations of financial fraud on the actor's girlfriend. A money laundering case has been filed by the Enforcement Directorate based on the complaint and Rhea and her family members have been questioned twice by the agency. Meanwhile, Rhea has moved the Supreme Court and filed petitions seeking transfer of all cases from Patna to Mumbai. In a separate plea, Rhea said that a media trial was underway and she had been declared guilty. She also said that she was being made a political scapegoat and alleged that the Bihar CM was behind the FIR against her in Patna. The CBI finds itself handling a case that has caught the attention of the nation. Watch this video to find out the top questions that the CBI needs to find answers to.
Credit: HT Digital Content Duration: 02:28Published
Social networking site Facebook foiled a suicide attempt of a man by informing the suicidal tendencies he showed on the platform to cyber cell of Delhi Police about it. The man was saved in Mumbai by police officials on August 10. DCP Mumbai (Cyber Cell) Rashmi Karandikar briefed about the incident and said, "Facebook shared details with Delhi Police since phone number linked with the account was registered there.""A police team went to (his home) in East Delhi. The phone number was of his wife who said that she had a fight with her husband who is in Mumbai. We contacted the man, counselled him, traced his location and averted the suicide bid," she said.