BSNL

Bharat Sanchar Nigam Ltd (BSNL) and MTNL have a combined 105 million total telecom subscribers, or around 9.1 per cent of the total market, though they are 2G or 3G users.

OneWeb

Bharti Enterprise-backed OneWeb is one step away from completing its constellation of over 600 low earth orbit satellites, paving the way to offer broadband internet services from space to every corner of the world.
OneWeb, a company backed by the British government, Bharti Enterprises, Eutelsat, SoftBank, Hughes Networks and Hanwha, has launched internet from space services in countries located above 50 degrees north latitude -- Alaska, Canada, Greenland, UK and Northern Europe.
The Indian Space Research Organisation's (ISRO) Launch Vehicle Mark-3 (LVM3) is set to launch 36 OneWeb satellites from the Satish Dhawan Space Centre at Sriharikota on March 26, a move which will add to the United Kingdom-based company's existing constellation of 582 satellites.
We are one launch away from achieving global coverage. This last launch with ISRO/NSIL will mark over 600 satellites in space, which is the number needed to go commercially live, a spokesperson of OneWeb told PTI.
NewsSpace India 

internet, data, broadband

The revelation was made by the Internet Service Providers Association of India in a filing with the Department of Telecommunications

reliance jio, RIL

Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the country, according to a Trai report released on Tuesday.
This is the first time since the beginning of telecom services in the country that a private operator has gained the numero uno position in the wireline segment.
According to Trai's subscriber report for August, Jio's wireline subscriber base reached 73.52 lakh while that of BSNL was at 71.32 lakh.
BSNL has been providing wireline services since the last 22 years, whereas Jio launched its wireline offering 3 years ago.
The wireline subscribers in the country grew to 2.59 crore in August from 2.56 crore in July.
The growth was dominated by the private sector, with Jio adding 2.62 lakh new customers, Bharti Airtel 1.19 lakh, Vodafone Idea (Vi) 4,202 and Tata Teleservices 3,769.
State-run telecom firms BSNL and MTNL lost 15,734 and 13,395 wireline customers, respectively, in August.
The overall telec

VPN, Virtual Private Network, VPN connection

After India, the US lawmakers have now asked the Lina Khan-led Federal Trade Commission (FTC) to address abusive and deceptive data practices by hundreds of companies

Internet

The Department of Telecom has fixed December 2022 as the deadline for internet service providers to customise their network as well as change modem and routers at customer premise

Bharti Airtel, Sunil Mittal

The announcement coincides with the 60th anniversary of the first human spaceflight

myanmar coup

Myanmar's wireless broadband internet services were shut down on Friday by order of the military

According to a report by Aon, the financial services firm, the global contract surety market was worth $6.5 billion in terms of premiums in 2018

Large IT outsourcing contracts on the market as clients optimise cost

In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

chart

Cabinet likely to take up the issue in its next meeting

internet content

The move will be beneficial for those working in IT companies

working capital, capital

A managing partner with a mid-sized law firm said it was not just domestic corporations but even large multinationals were delaying by as much as two months on outgoings

Citizenship bill, assam protests, cab protests, nagaland protests

After Citizenship Bill was passed by the Parliament, violent protests broke out in the state with agitators engaging in pitched battles with the police

Image via Shutterstock

The Mumbai HC had issued an order for the movie Dhishoom that ISPs should block websites illegally hosting the movie

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta

The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007

Real estate

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Lignite

1 out of every 25 shares from the Nifty 500 index has more-than-doubled investors wealth in 2023 so  far, with Apar Industries, Mazagon Dock and JBM Auto as the top movers.

Wealth-Manager

Asian Games 2023 Highlights, Day 4: Trio of Manu Bhaker, Esha Singh and Rythm Sangwan won Gold in 25m Air Pistol team event while Sift Samra did it in 50m Rifle 3 pos. India's medal tally reaches 22

Sift Kaur Samra, Manini Kaushik and Ashi Chouksey

Here is the best of Business Standard's opinion pieces for today

Budget

According to Ravi Nathani, an independent technical analyst, the 'buy the dips' strategy seems particularly relevant in the current market conditions.

stocks, stock call, buy, sell, trading ideas, buy sell ideas

Israeli airstrikes hit several targets in the Gaza Strip on Tuesday, the country's military said, after Palestinian protesters flocked for the 12th straight day to the enclave's frontier with Israel  demonstrations that have devolved into violent clashes with Israeli security forces.
There were no reports of casualties in Gaza from the Israeli airstrikes.
The Israeli army said that it used a drone, helicopter and tank to strike multiple posts in northern and southern Gaza belonging to the strip's militant Hamas rulers in response to what it described as violent riots at the separation fence between Gaza and Israel. The protests involve Palestinians throwing stones and explosive devices, burning tires and, according to the Israeli military, shooting at Israeli soldiers.
Palestinian health officials reported that Israeli forces shot and wounded 11 protesters during Tuesday's rally.
Hamas, the Islamic militant group that seized control of Gaza in 2007, has said that young Palestinians

Gaza violence

Maharashtra state marketing minister Abdul Sattar on Tuesday said a meeting called here for discussing onion traders' demand to slash the 40 per cent export duty on the kitchen staple ended without any decision as the concerned Union secretary was not present.
The meeting was attended by Sattar, deputy Chief Minister and Finance Minister Ajit Pawar, and representatives of onion traders.
A Union secretary was not present, hence no major solution was found on the issue of slashing 40 per cent export duty. The next meeting is scheduled for September 29 in Delhi which we will attend. I am hopeful that an amicable solution will be found, he said.  Asked if the Maharashtra government has issued any directive to onion traders, Sattar said, The state has asked the traders to procure onions from farmers.  Agencies such as NAFED will also start buying onions.

Onion, Onions

Tata Steel on Friday commissioned a 10.8-MW capacity floating solar power project on the upper cooling pond of its Jamshedpur plant in Jharkhand.
A total of 20.34 MW of solar projects have been commissioned in various facilities at Tata Steel in Jamshedpur, the company said in a statement.
The floating solar project was commissioned by Tata Power under an agreement with the steel major for the installation of a total of 41MW with a combination of rooftop, floating and ground-mounted solar panels across its locations.
Earlier, rooftop solar projects at the central warehouse, cold rolling mill, wire rod and hot strip mills, totalling 7.65 MW and a 2 MW ground-mounted solar project at Sonari Airport have already been commissioned.

Solar Energy, Renewable Energy, Green Energy

The Chhattisgarh Police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in New Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday.
A joint team of officials from the anti-crime and cyber unit and the Civil Line police station in Bilaspur district carried out the operation while probing a series of thefts in Bilaspur city, Superintendent of Police Santosh Singh told PTI.
Those arrested have been identified as Lokesh Srivas (32), who is allegedly involved in several thefts in Bilaspur, and Shiva Chandravanshi (23), he said.
The value of gold and diamond ornaments recovered from Srivas is estimated at Rs 12 crore but the exact value was yet to be ascertained, he added.
Acting on a tip-off about Srivas being present in Kawardha town of Chhattisgarh's Kabirdham district, the team conducted a raid there on Wednesday and arrested Chandravanshi along with ornaments worth Rs 

Police in Gurugram due to communal violence

The Gujarat High Court on Friday reserved its order in the review plea filed by Delhi Chief Minister Arvind Kejriwal in a matter related to Prime Minister Narendra Modi's degree after arguments concluded.
After hearing both the sides, Justice Biren Vaishnav kept the judgement reserved.
Earlier in June, Kejriwal, who also heads the Aam Aadmi Party (AAP), approached High Court seeking a review of its recent order setting aside the Central Information Commission's directive to the Gujarat University to provide information on Prime Minister Narendra Modi's Master of Arts (MA) degree to him.
In March, Justice Vaishnav had allowed Gujarat University's appeal against the CIC order and had also imposed a cost of Rs 25,000 on Kejriwal.
One of the key contentions raised by Kejriwal in his review plea is that contrary to Gujarat University's claim about Modi's degree being available online, no such degree is available on the university's website.
During Friday's hearing, senior lawyer Percy 

Gavel, Law & Order

The Uttar Pradesh Real Estate Regulatory Authority on Friday allowed a realtor to complete a stuck housing project in Greater Noida.
The UP RERA approved the promotor's plan with the consent of a majority of allottees to complete the remaining construction and development work of Elegant Ville project in Techzone 4 area of Greater Noida West.
According to RERA officials, the project with 761 units was scheduled to be built in four phases and delivered by 2019 but got stuck.
"To protect the interests of the allottees of Elegant Ville, a stuck project of Gautam Buddh Nagar, UP RERA has authorized the promoter to complete the remaining construction and development work under provisions of section 8 of the RERA Act with the consent of its majority of allottees," UP RERA said.
"For this, the promoter of the project, Elegant Infracon Private Limited, has collaborated with Floral Realtech Private Limited and presented a plan of project rehabilitation according to which the project will be

Real Estate, Realty sector, Construction, Realty

Maruti Suzuki India on Friday said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing.
"The company will file a reply to the show cause notice before the Adjudicating Authority," it said, adding that there was no impact on its financial, operation or other activities due to the notice.
The company also said it has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed.
The Central Excise Department had filed appeals before the high court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input .

Internet service providers

BSNL looks to ring in 100 million 4G customers in a couple of years

OneWeb satellites soon to offer space-based internet services globally

Indian agencies have real-time, remote access to internet traffic: Report

Jio topples BSNL to become largest fixed-line service provider in August

After India, US now aims to begin crackdown on VPN service providers

DoT fixes Dec 2022 deadline for transition to new IP addresses

Bharti Group-backed OneWeb to provide satellite internet in Kazakhstan

Myanmar military cuts wireless internet services amidst coup protests

Why infra projects need surety bonds

Large IT outsourcing contracts back on the market as clients optimise cost

Centre likely to reduce AGR licence fee for wireless broadband to Re 1

COVID-19 impact: Internet providers in Kerala to increase speed by 30-40%

Service providers feel the pain as India Inc faces working capital squeeze

Anti-CAB protests: Internet services remain suspended in Assam till Dec 16

ISPs run into technical issue on warning message on banned sites