Leaping Ahead: OneWeb India First to Receive Satellite Broadband Authorization in India
OneWeb India, a subsidiary of Eutelsat OneWeb, has made a significant breakthrough by becoming the first company to receive approval from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial satellite broadband services in India.
Transforming Logistics in India: Blue Dart and India Post Team Up
Blue Dart Express has a market capitalization of Rs. 16,276 crores. The company’s shares opened higher at Rs. 6,916 compared to its previous close at Rs. 6,859, hitting a high of Rs. 6,949, which is around a 0.5 percent gain.
Empowering MSMEs, Expanding Markets: DGFT-E-commerce Partnership Fosters Export Success
The DGFT’s collaboration with Amazon India serves as the first example of this initiative. Under the MoU, Amazon and DGFT will jointly develop capacity-building activities, training, and workshops for MSMEs in designated districts. The initiative aims to connect local producers with global supply chains, focusing on remote and rural areas, and enable exporters and MSMEs to sell their “Made in India” products abroad.
Noida International Airport Prepares for Takeoff: IndiGo to be the First Carrier
The Noida International Airport, located in Jewar, is set to become operational by the end of 2024. In its first phase, the airport will feature one runway and one terminal, with a capacity to handle 12 million passengers annually. Subsequently, upon the completion of its fourth phase, the airport aims to accommodate up to 70 million passengers each year, thereby establishing itself as a major aviation hub.
RBI Steps In: Abhyudaya Cooperative Bank’s Board Superseded for 12 Months
the Reserve Bank of India (RBI) has taken the decision to supersede the Board of Directors of Mumbai-based Abhyudaya Cooperative Bank for a period of 12 months.
Warren Buffett’s Paytm Exit: A Rs 507 Crore Setback for India’s Digital Payments Giant
Warren Buffett’s Berkshire Hathaway recently made headlines with its exit from Indian digital payments giant Paytm, marking a significant move in the investment world. This transaction involved the sale of Berkshire Hathaway’s entire 2.46% stake in Paytm’s parent company, One97 Communications Ltd., through a large block deal.
Sebi Enhances Trading Plan Framework: Insiders Gain More Control, Investors Get More Information
Sebi’s proposal aims to make it easier for senior management and Key Managerial Personnel (KMP), who often possess UPSI, to trade in securities compliantly.
RBI’s Crackdown on Non-Compliance: Citibank, Bank of Baroda, and IOB Face Penalties of ₹10.34 Crore
The Reserve Bank of India (RBI) has imposed significant penalties on three major banks — Citibank, Bank of Baroda (BOB), and Indian Overseas Bank (IOB) — for a total of ₹10.34 crore due to non-compliance with various banking regulations.
Tata Tech IPO Sees Stellar Response, Bids Reach Rs 1.56 Lakh Crore, Setting Stage for Growth
Tata Technologies Limited’s initial public offering (IPO) witnessed an overwhelming response from investors, with bids reaching a staggering Rs 1.56 lakh crore on the final day of subscription. The issue was subscribed 69.4 times, indicating strong demand for shares in the IT services company.
The Big Selloff: Analyzing the 10-Year Low in FPI Holdings in India
As of November 2023, the aggregate holdings of FPIs in Indian stocks have decreased to ₹54.5 trillion, representing only 16.6% of overall Indian equities. This is the lowest level since 2012.