The district officials, including Collector A Thameem Ansariya and SP AR Damodar, along with local MLA Dr Mukku Ugranarasimha Reddy, inspected the preparations for the groundbreaking ceremony for a 100-ton Compressed Biogas Plant by Reliance Industries. The state government plans to set up 500 similar plants with a 20-ton capacity in various districts, which are expected to provide employment opportunities and boost land value. Education Minister Nara Lokesh and Reliance Industries director Anant Ambani will be present at the ceremony. District authorities are taking measures to ensure the smooth execution of the event, including heightened security measures and drone surveillance.
Telecom Regulatory Authority of India (Trai) is expected to speed up its recommendations on satellite spectrum pricing after recent strategic partnerships between Bharti Airtel and Reliance Jio with global satcom players such as Starlink and Amazon Kuiper. Trai is adopting a cautious approach towards satellite communications technology and may recommend that satellite services initially focus on areas lacking mobile coverage. This move could alleviate concerns regarding global satcom players capturing urban market share without participating in spectrum auctions. Trai wants to retain the discretion to make amendments in a changed scenario and this phased approach would enable it to test and monitor the effectiveness of satellite networks.
The latest report from the Telecom Regulatory Authority of India (TRAI) shows that Reliance Jio added 3.9 million wireless subscribers in December 2024, solidifying its position as the dominant player in the Indian telecom market. Meanwhile, Vi and BSNL faced significant subscriber losses, with Vi losing 1.715 million subscribers and BSNL losing 0.322 million subscribers in the same period. In other news, Bharti Airtel has announced a partnership with Elon Musk's SpaceX to offer Starlink's high-speed internet services to customers in India, pending necessary approvals.
Reliance Jio follows Airtel's footsteps in partnering with SpaceX to bring Starlink's satellite broadband internet services to India. This move is seen as a strategic step towards providing reliable and accessible high-speed internet in the country, especially in remote areas. However, SpaceX is yet to be granted permission to operate in India and discussions on spectrum allocation for satcom services are still ongoing. Meanwhile, rival Airtel also jumps on the Starlink bandwagon, despite its stake in competing satellite company Eutelsat. The telecom industry is now calling for fair policies for satcom firms, including spectrum and license fees.
After the Indian cricket team emerged victorious in the ICC Champions Trophy final against New Zealand, business leaders and tech moguls alike showered the team with praise. Microsoft CEO Satya Nadella called them "legends", while Reliance Foundation chairperson Nita Ambani declared it the realization of a billion dreams. Mahindra group chairman Anand Mahindra even shared the definition of "champions" to aptly describe the team's exceptional performance. All in all, it was a proud and historic moment for India as the Men in Blue lifted the trophy for the third time, making the nation shine on the world stage once again.
The Ministry of Heavy Industries has awarded a 10 GWh capacity under the Production Linked Incentive Scheme for Advanced Chemistry Cell Battery Storage to Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited. The signing of the Programme Agreement marks another milestone in the implementation of India's National Programme on Advanced Chemistry Cell Battery Storage. With this latest allocation, a total of 40 GWh capacity has been awarded to four beneficiary firms, bringing India closer to achieving its goal of 50 GWh domestic manufacturing capacity.
Reliance Industries, led by Mukesh Ambani, announced its Q3 results for 2024 with a 7.38% increase in consolidated net profit and a 7.8% jump in consolidated EBITDA as compared to the previous year. The company also reported outstanding debt of ₹3,50,453 Crore and cash and cash equivalents of ₹2,34,988 Crore. Its telecom arm, Jio Platforms, witnessed a 19.2% YoY rise in revenue and a total subscriber base of 48.2 Crore as of December 2024. The company's strong performance reflects its continued growth and stable financial position in the market.
During his visit to Sri City, secretary of DPIIT, Amardeep Singh Bhatia, praised the industrial park's world-class infrastructure and ideal business environment. He hailed Sri City as a prime example of India's Atmanirbhar Bharat initiative, being the only major green industrial hub in the country. Bhatia also appreciated Sri City's eco-friendly policies that prioritize economic and environmental sustainability.Furthermore, Bhatia observed the bustling operations at Daikin India's production unit and noted the significance of the partnership with Taiwan's Rechi in reducing India's reliance on imports for critical components. Dr. Ravindra Sannareddy, founder managing director of Sri City, expressed that Bhatia's visit is valuable to the growth of the industrial park, especially in the air conditioning manufacturing sector.
Nana Patekar delivers a heartwrenching performance in the low-budget fatherhood saga, Vanvaas. Despite the film's predictable plot and reliance on multiple dramas, it still manages to hold the audience's attention with its emotional appeal and a surprising twist in the climax. Packed with stellar performances and an unexpected ending, Vanvaas is a must-watch for fans of emotional dramas.
After Barcelona's latest victory, it's clear that 17-year-old Lamine Yamal is the team's most influential player in LaLiga. In fact, the team has won every game in which Yamal has started. His absence has coincided with the team's worst run of form, highlighting their heavy reliance on the young winger. However, there are concerns within the club about managing this over-reliance on such a young player.