Jio starts 5G services across all district headquarters in Gujarat

Jio starts 5G services across all district headquarters in Gujarat

Friday, 25 November 2022 | PTI | New Delhi

Telecom major Jio has rolled out 5G service across all 33 district headquarters of Gujarat under its trial phase, the company said on Friday. This makes Gujarat the first state to get 5G service across all district headquarters and it is also the biggest roll-out of the next generation service till...

Apple rolls out beta prog for 5G on Apple devices

Monday, 14 November 2022 | PTI | New Delhi

Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple Users have to enrol...

Reliance, Nayara to gain from European energy crisis: Report

Monday, 14 November 2022 | PTI | Mumbai

The ongoing energy crisis in Europe is expected to benefit Reliance Industries and Nayara Energy as these are among the Asian refiners that produce winter-specification diesel for the European Union, according to a report. State-owned oil companies are not into exports and that gives an advantage to Reliance — the largest...

‘Rising interest rates to mute bond issuance this fiscal’

Monday, 14 November 2022 | PTI | Mumbai

Corporate bond issuance is likely to remain muted witnessing 4-5 per cent growth this fiscal to touch `41.42 lakh crore on rising coupon rates, despite the drawdown more than doubling in the second quarter, a report said. Bond sales more than doubled to `2.1 lakh crore in the second quarter from...

DICGC settles claims worth `8,516.6 crore in FY-2022

Monday, 14 November 2022 | PTI | New Delhi

Deposit Insurance and Credit Guarantee Corporation settled claims amounting to `8,516.6 crore during 2021-22 of about 12.94 lakh depositors of liquidated banks, merged entities and those placed under restrictions by the Reserve Bank. All commercial banks, including branches of foreign banks functioning in India, local area banks, regional rural banks, small...

‘Punjab & Sind Bank to take call on `300 cr QIP in fourth quarter’

Monday, 14 November 2022 | PTI | New Delhi

State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan growth, the bank’s managing director Swarup Kumar Saha said. As far as capital adequacy is concerned, the bank is well-capitalised at 15.68...

‘Muthoot Finance confident of achieving 10% biz growth in FY23’

Monday, 14 November 2022 | PTI | New Delhi

Muthoot Finance, which has posted back-to-back decline in profits in the last two quarters, said it is set to make a comeback having discontinued its low-interest schemes. The country’s largest gold loan company in terms of loan portfolio expects a 10 per cent business growth in current fiscal, George Alexander Muthoot,...

Payworld to enter data-based credit services biz; aims to double GTV to `22K cr in yr

Monday, 14 November 2022 | PTI | New Delhi

Fintech firm Payworld expects to double the gross transaction value on its platform to `22,000 crore in a year on account of foray into new segments like data-based credit services, a senior company official said. The company claims to have gross transaction value (GTV) of around `11,000 crore at present.   “Our...

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