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DoT retains backhaul spectrum pricing, rejects Trai's cut proposal
Telecom operators face continued high costs for backhaul spectrum as the Department of Telecommunications rejects regulator Trai's proposal for reduced, uniform charges. Despite Trai's argument for lower fees to boost network economics and service quality, the DoT has reinstated the existing, progressively higher fee structure. This decision will maintain a significant financial burden on companies expanding 4G and 5G networks amidst surging data demand.
Draft satcom spectrum rules: Govt proposes layers of security approvals, conditional consumer service
India draft rules require satcom firms like Starlink, Eutelsat OneWeb and Jio Satcom to obtain security clearance and central approval before using administratively assigned spectrum
Big Four firms' India operations shine amid global slump
India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.
Myntra EORS sees 30% rise in new shoppers; D2C brands log strong demand growth
Myntra said its latest End of Reason Sale (EORS) recorded a 30% year-on-year increase in first-time shoppers, with non-metro cities contributing 55% of new customers. Demand for homegrown direct-to-consumer (D2C) brands rose 40% from a year ago, while the platform added 5,000 first-time partner brands. Fast-delivery service M-Now and Gen Z-focused platform FWD also reported higher engagement.
Reliance Jio eyes India's own satellite broadband network
Reliance Jio is exploring a plan to build its own satellite network for India. This initiative aims to bring internet access to remote areas. The company is also partnering with global satellite providers. This dual approach will speed up service delivery. Jio is establishing ground stations to support this ambitious project.
CBI Arrests Indian Forest Service Officer In 'Misappropriation' Of CREST Funds Case
Srivastava was produced before the special judge, CBI, Chandigarh, and remanded to police custody for three days, a CBI spokesperson said in a statement.
China Southern Airlines To Launch Daily Delhi-Guangzhou Flights From September
Signalling a steady restoration of air corridors, China Eastern Airlines earlier resumed its direct flight service between Kunming, the capital of Southwest China's Yunnan Province, and Kolkata.
AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusion
Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree
Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth and customer service.
Mobile Data Cost Dips 97% To Rs 8 Per GB, Broadband Users Up 17x In 12 Years Of Modi Govt
It added that 103 crore internet connections in the country indicate good digital reach and affordable internet service.
Elon Musk's Starlink India launch hits security roadblock ahead of SpaceX IPO
India has halted approvals for Elon Musk's Starlink internet service. Security agencies are concerned about Starlink terminals being used in the Iran war. This delay impacts SpaceX's IPO valuation. India's broadband market remains out of reach for Starlink for now. Domestic operators also face scrutiny. India seeks assurances on security compliance amid geopolitical tensions.
The hidden Rs 9,000 crore business behind India’s water purifier boom
India's water purifier market is evolving beyond just selling machines. Companies are now focusing on the lucrative service sector, including filter replacements and maintenance. Eureka Forbes is a key player, expanding its technician network to tap into this growing market. This shift aims to build customer trust and ensure long-term revenue streams in a competitive landscape.