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Latest recommendations of Trai on spectrum auction plan worth Rs. 4.9 trillion may not come. Telecom Commission, apex decision-making body at telecom department is likely to meet on August 31 to discuss Trai’s recommendation on spectrum allocation, according to official sources. “Next Telecom Commission meeting is proposed for August 31,” an official source told PTI […]

After soaring into ranks of world’s biggest companies, Tencent has lost more than $150 billion of market value as company was unable to monetise new games. Tencent Holdings surprised investors with its first profit drop in at least a decade as a Chinese regulatory freeze on game approvals hurt its ability to make money off […]

Jindal Steel and Power (JSPL) has flagged off 1st consignment of rails for the Indian Railways from its Raigarh plant in Chhattisgarh. Shipment of 1,000 tonne of 260 meter long rails from plant to a railway site in Roorkee in Uttarakhand was flagged off by JSPL Chairman Naveen Jindal. Consignment is part of the order […]

Apple is building a team and also working on a dedicated custom health chip that would help it process biometric data from its suite of devices, company’s recent job listings have revealed. “Apple has a team exploring a custom processor that can make better sense of health information coming off sensors from deep inside its […]

Appirio India Cloud Solutions is the only company that has reported growth in business among four of Wipro’s subsidiaries, which are slated to be merged into its parent. Appirio India, which specialises on cloud computing based services, reported Rs.11 crore profit on revenues of Rs 76.17 crore in FY18. Last financial year, Appirio reported Rs.10.78 […]

Government has proposed a new financial model for building greenfield airports to address the concern of cost of air travel and disputes related to tariff in country. As per the new proposal, the concession fee given by the airport operator to the concessioning authority will be based on a ‘per passenger aeronautical model’. Also, the […]

In fact company is very aggressive on this micro market as it offers good rail and road transport besides having surplus power and water supply, Managing Director and CEO, Commercial Real Estate and REITs of the group, Vinod Rohira said that the upcoming new airport, Trans Harbour Link, and water transport make it an even […]

India’s Reliance Industries, which operates the world’s largest refining complex, has declared force majeure on gasoline exports from its Jamnagar site, 4 people familiar with the matter said on Wednesday, potentially boosting margins for other suppliers of the oil product. Force majeure follows an unspecified issue at a gasoline-producing fluid catalytic cracker (FCC) unit in […]