Business

India's 6G ambitions require expanded spectrum allocation

India will require a significantly larger portion of the radio frequency spectrum to support its future 6G networks, according to a report. The current spectrum allocation is insufficient for the country's long-term digital infrastructure goals. This expanded access is deemed necessary to handle the massive data demands and new use cases that 6G technology will enable. The call for more spectrum highlights a key preparatory challenge for India's next-generation telecommunications rollout.

Indian Oil Manager Killed While Sealing Fuel Pump

An Indian Oil retail outlet manager was killed in an incident on Wednesday. The manager was attacked by unidentified persons while sealing a fuel pump in Haryana's Sonipat district. The sealing action was reportedly related to a dispute over the outlet's operations. Police have launched an investigation into the attack and are searching for the assailants.

Delhi building collapses in Seemapuri, rescue operations underway

A residential building collapsed in Delhi's Seemapuri area. Rescue operations are currently in progress to locate and assist any trapped individuals. The incident was reported in the early hours of the morning. The cause of the collapse is under investigation, and authorities have not yet confirmed casualties.

Banks offer lowest home loan rates despite RBI's key rate hike

Financial institutions are currently providing their most competitive home loan interest rates in recent years. This is occurring even after the Reserve Bank of India increased its benchmark repo rate. The trend is driven by banks holding significant surplus liquidity and competing aggressively for retail borrowers. Consequently, prospective homebuyers are finding favorable borrowing conditions in the market.

Dixon Technologies forms joint venture with Taiwan's Gemtek

Indian electronics manufacturer Dixon Technologies has entered a joint venture agreement with Taiwanese firm Gemtek. The two companies will collaborate under a 60:40 ownership structure, with Dixon holding the majority stake. The partnership aims to design and manufacture telecommunications products for global markets. The joint venture was announced on Monday, according to a regulatory filing.

Plumber arrested for murdering couple with screwdriver over payment dispute

A plumber in Bengaluru has been accused of murdering an elderly couple using a screwdriver. The incident occurred on Monday at the couple's residence in the Nandini Layout area. Police allege the attack stemmed from a dispute over payment for plumbing work. The suspect was apprehended shortly after the crime following a complaint by the couple's son.

Ericsson begins export of India-manufactured telecom antennas to Europe

Telecom equipment maker Ericsson is now exporting telecommunication antennas manufactured in India to European markets. The company's production facility in Pune, India, is the source of the exported equipment. This move is part of Ericsson's strategy to leverage its Indian manufacturing unit for global supply. The development highlights India's growing role in the global telecom manufacturing ecosystem.

MCD schools to introduce oat cookies and sambar rice in student meals

The Municipal Corporation of Delhi will introduce oat cookies and sambar rice to the meals served in its schools. This change is part of an initiative to enhance the nutritional value of the food provided to students. The introduction of these new menu items aims to offer a more diverse and balanced diet. The decision was reported by The Economic Times.

BJP MP proposes raising employee life insurance cover to Rs 10.5 lakh

A BJP Member of Parliament has proposed increasing the maximum insurance cover under the Employees' Deposit Linked Insurance scheme. The suggestion aims to raise the current payout limit to Rs 10.5 lakh. This proposal was made in the Lok Sabha on Tuesday. The MP argues the hike is necessary to better protect the families of deceased employees.

Bhutan's PM Tshering likens Indian PM Modi to Vishnu during state visit

Bhutan's Prime Minister Tshering Tobgay used a religious metaphor to describe India's Prime Minister Narendra Modi during his state visit to India. Speaking at an event in New Delhi on Sunday, Tobgay referred to Modi as an 'avatar of Lord Vishnu'. The comment was made in the context of appreciating India's support and Modi's leadership in the region. This diplomatic gesture highlights the close and friendly ties between the two neighboring nations.

Two Scientists Awarded Nobel Prize in Chemistry for Pioneering Discovery

Two scientists have won the 2024 Nobel Prize in Chemistry. They were honored for a foundational discovery concerning the properties of electrons in atoms and molecules. Their findings, initially met with surprise, have advanced the field of femtochemistry. The award was announced by the Royal Swedish Academy of Sciences in Stockholm.

RBI Governor Das signals policy shift focused on inflation control, rates seen higher for longer

Reserve Bank of India Governor Shaktikanta Das outlined the central bank's monetary policy approach in a recent talk. He emphasized that controlling inflation remains the top priority for the RBI. Das stated that interest rates will stay restrictive until inflation sustainably returns to the 4% target. This indicates a prolonged period of higher rates to ensure price stability in the economy.

Supreme Court rules grandchildren not liable for grandmother's maintenance

The Supreme Court of India has ruled that grandchildren cannot be legally compelled to provide maintenance for their grandmother. The judgment clarifies that the Hindu Adoptions and Maintenance Act places the primary obligation on a woman's husband and sons. The bench stated that grandchildren are only liable if they have inherited the grandmother's property. This decision came while dismissing a maintenance plea filed by an 82-year-old woman against her grandson.

Ahmedabad police confirm bomb threats to 10 schools were a hoax

Ten schools in Ahmedabad received bomb threats on Saturday. The city's police force immediately launched security and evacuation procedures. After thorough investigations, authorities declared all threats to be false. The police are now investigating the source of the hoax calls to identify the perpetrators.

Apple Reportedly Developing Home Hub Device in Partnership with LG

Apple is reportedly collaborating with LG to develop a new home hub product, according to a report in the Economic Times. The device would integrate hardware from LG with Apple's software ecosystem. This partnership aims to create a central control unit for smart home devices. The report did not specify a launch timeline or detailed product features.

Bajaj Finance raises fixed deposit rates, offers up to 7.75%

Bajaj Finance has increased its fixed deposit interest rates. The non-banking financial company now offers up to 7.75% per annum for specific tenures. This rate is applicable to deposits from regular citizens and senior citizens for a 42-month period. The move aligns with a trend of rising deposit rates in the financial sector.

SC to Rajpal Yadav: Make a hit film, rebuild image

Shipping firms offer $100k bonuses for captains to navigate Strait of Hormuz

Shipping companies are reportedly offering one-time bonuses of up to $100,000 to captains willing to sail through the Strait of Hormuz. This incentive is a response to recent Houthi attacks on commercial vessels in the region. The payments aim to mitigate risks and ensure the crucial shipping lane remains operational. The strait is a vital passage for approximately one-fifth of global oil consumption.

Spotify to launch audiobook service in India next month

Spotify will introduce audiobooks to the Indian market in November. The music streaming giant announced this expansion of its service offerings today. The move aims to compete in India's rapidly growing digital audio content sector. It follows Spotify's broader global push into the audiobook business.

West Bengal Government Proposes Renaming State to 'Paschim Banga'

The West Bengal state government has proposed changing the state's name to 'Paschim Banga'. The move was announced after a cabinet meeting chaired by Chief Minister Mamata Banerjee. The proposal requires approval from the central government to be enacted. Supporters argue the change better reflects the state's Bengali language and cultural identity.