5G Rollout Helps Improve India’s Ranking Globally In Mobile Download Speeds: Report

Meanwhile, the upload speed in single-digit remains poor in the country compared to its download speed. But India’s overall performance in the fixed median download speeds saw a slight rise from 49.11 Mbps in November to 49.14 Mbps in December. India’s 5G rollout since December 2022 is perhaps the reason for the surge in its media mobile download speed from 18.26 Mbps to 25.29 Mbps. This significant finding has ranked the country at #26 globally in mobile download speeds, according to Ookla’s speed test global index report on Friday. The…

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Adani Enterprises FPO Receives Bids For 3.63 Lakh Shares on Day 1

On the first day of bidding on Friday, the Follow-on Public Offering (FPO) by Adani Enterprises received bids for 3.63 lakh shares. This accounts to 1 percent of the issue size of 4.55 crore shares.  Considered to be the largest ever FPO in the history of Indian markets, this FPO already has seen retail investors, high net-worth individuals (HNIs) and qualified institutional buyers (QIBs) putting in bids for the offer. The anchor book of nearly Rs 6,000 crore, a part of QIB book, was fully subscribed on January 25. Accordingly,…

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CPI inflation In January Likely Be At 5.8-6.0%: ICRA Economist

The consumer price index (CPI) inflation for January 2023 is likely to print at 5.8 per cent to 6.0 per cent, slightly higher than the levels seen in December 2022, said Aditi Nayar, Chief Economist, ICRA on Friday.  For the rise in CPI inflation, Nayar stated the stickiness in core inflation and an unsupportive base for food inflation.  “While the average CPI inflation in Q3 FY2023 (+6.1 per cent) has come in significantly below the MPC’s projection of 6.6 per cent, we foresee a flattish print in Q4 FY2023, before…

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5 things to know before the stock market opens Friday

A U.S. flag is seen outside the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. On a roll Stocks are headed for a winning week after Thursday’s strong session. The gross domestic product print for the fourth quarter came in slightly better than expected. While the report showed a quarter-to-quarter slowdown, it raised hopes that the Federal Reserve’s fight against inflation could bring the economy in…

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India’s CAD ‘Manageable’ & ‘Within Viability’: RBI Governor Das

Recently, India has inked multiple bilateral trade agreements with the United Arab Emirates and Australia and other agreements are in the pipeline, Das added Reserve Bank of India (RBI) Governor, Shaktikanta Das sought to resolve tensions revolving around the risks related to India’s increasing Current Account Deficit (CAD) stating that it is mostly manageable and within the boundaries of viability.   The country’s powerful Services Exports and remittances will lead to diluting the effect of external deficit, occurring due to slow merchandise demand globally, the governor said.  Das added that…

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Is Gender Budgeting A Mere Lip Service?

Typically, India celebrates women empowerment in set ways. Bluntly said, the annual tokenism to International Women’s Day, fostering assigned quotas in colleges/ campus placements/Panchayat seats, etc. make up for much of those celebrations. As an irritant, most of the seminars and discussions on the topic of women empowerment would be largely manels (male dominated panels). Periodic discussions are also held on various laws that have been reformed to give equal space to women and how more such initiatives are pending. Most voices are however somewhat pedantic speaking of the age-old…

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Art of Perfumery: Master Perfumer Rajiv Sheth’s Quest to Bring Premium Fragrances To India

“While India is yet to catch up in the luxury perfume market globally, there is a huge demand for luxury fragrances in India, not just in metros but also in Tier II and Tier III cities,”  says Rajiv Sheth, Master Perfumer & Founder of All Good Scents.  Sheth’s journey as a Master Perfumer is a story of passion, dedication, and the pursuit of excellence. His fascination for the art of perfumery led him all the way to France’s ISIPCA, a very exclusive school founded in 1970 by Jean Jacques Guerlain,…

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Bloodbath On D-street After Carnage In Adani Group Stocks

Indian equities hit their three-month low on Friday as pressure on Adani Group stocks intensified post the Hindenburg Research Report. The selloff triggered on Friday wiped off investor wealth by Rs 6.8 lakh crore, with the total market capitalisation of BSE-listed stocks dropping to Rs 269.7 lakh crore. The Nifty 50 index ended 1.61 per cent lower at 17,604.35, while the S&P BSE Sensex fell 1.45 per cent to 59,330.90. “Following the release of a study report by Hindenburg Research on Adani Group, the Indian equities markets are under intense…

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Gautam Adani Slips To 7th Spot On World’s Richest List Amid Rout In Group Stocks

According to Forbes World’s Real Time Billionaires List, Adani’s wealth fell by USD 22.6 billion on Friday, taking him to the 7th spot on the list Gautam Adani, India’s richest person, saw his wealth fell below USD 100 billion-mark, amid a rout in the Adani Group stocks post Hindenburg’s report. According to Forbes World’s Real Time Billionaires List, Adani’s wealth fell by USD 22.6 billion on Friday, taking him to the 7th spot on the list. Hindenburg on Wednesday had alleged group companies to be involved in stock manipulation, money…

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