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01 Dec

India’s 5G subscriptions to reach 130 mn just 14 months after launch of Jio

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

India will have 130 million 5G users by the end of this year, just over a year after consumer 5G services are launched in the country. The number of 5G users in India has tripled from last year — and is expected to grow to 860 million subscribers by 2029, according to the Ericsson Mobility Report 2023 released on Thursday. Last year, Ericsson based India's 5G subscriber base at 31 million users, a 4-fold increase in 2023 itself. Over the next six years, 5G subscribers will grow 6.6x, while 4G subscribers—estimated at 870 million at the end of this year—will…

30 Nov

Radhakishan Damani tops list of ‘200 self-made entrepreneurs of Millennia

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Radhakishan Damani, veteran investor and founder of retail chain D-Mart, has topped the list of top 200 self-made entrepreneurs of the Millennia 2023, with a market capitalization of Rs 2.38 lakh crore. He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore, according to an report of IDFC First Private Hurun India published on November 30. The list also includes Zomato's Deepinder Goyal and Dream 11 promoters Bhavit Sheth and Harish Jain, with a market cap of Rs 86,835 crore and equity value of Rs 66,452…

30 Nov

Gautam Adani regains place in World’s top 20 billionaires

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Gautam Adani is back in the league of the world's 20 richest people after a recent surge in the group company's shares. Adani is now ranked 19th on the Bloomberg Billionaires Index with a net worth of $66.7 billion as of 29 November. Adani Group stocks added over Rs 1.34 lakh crore to investors' wealth on Tuesday. While the group's market capitalization lost some gains on Wednesday, the rise lifted Adani into the top 20. Shares of Adani group companies rose after the Supreme Court upheld its confidence in SEBI's probe into the Hindenburg allegations. The top court, while…

29 Nov

Madhya Pradesh: India’s Largest Tiger Reserve to be Set Up in Damoh

Business Correspondent0 CommentsBusiness, India

In a latest development, Damoh district in MP (Madhya Pradesh) is on a way to become home to the India's largest tiger reserve, said a forest department official. The union govt has issued a notice accepting the proposal to merge the Noradehi Sanctuary with the Durgavati Sanctuary of the Damoh district, which will create a huge tiger reserve extending upto 2,300 sq km. According to Damoh's Forest Divisional Officer, MS Uikey, the initiative to create new tiger reserve will provide a safe place for the area's tiger population, which at present stands to 16. The merger is also expecting to…

29 Nov

ATGL launches green hydrogen blending project

Priyanka Bhowmick0 CommentsIndia, BusinessBusiness, India

To assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) customers, Adani Total Gas Limited (ATGL) on Tuesday announced the launch of its green hydrogen blending project in Ahmedabad. The pilot project will mix green hydrogen with natural gas for at least 4,000 home and commercial PNG customers in the city. Green hydrogen will be produced using water electrolysis with electricity produced by renewable energy. The hydrogen mixture is less carbon intensive than the burning gas but has the same heating capacity. The project is expected to be operational by the first quarter…

28 Nov

Dev Diwali 2023: Diplomats From 70 Countries Attend Varanasi’s Grand Celebration; EU Envoy Says ‘Experience Like No Other’

Business Correspondent0 CommentsIndia

The popular city of India, Varanasi also known as Kashi witnessed a grand celebration of 'Dev Deepawali' on Monday. This cultural event is being celebrated for the past 100 years but because of Prime Minister Narendra Modi the celebration has attracted foreigners this time. Diplomats from more than 70 nations attended the celebration and called it an 'incredible one'. The Ambassador of the European Union(EU) Herve Delphin, who attended the event in Varanasi, told it was an experience like no other. "I witnessed this incredible sound and light show between modernity and tradition. It is an experience like no other.…

28 Nov

Fashion designer Rohit Bal put on life support at Gurgaon’s Medanta Hospital

Priyanka Bhowmick0 CommentsEntertainment, IndiaEntertainment, India

Fashion designer Rohit Bal is currently battling a serious health condition and is on ventilator support in the Intensive Care Unit (ICU) of Medanta Hospital, Gurugram.Born in Srinagar, Rohit Ball started his career in 1986 and is one of the most famous fashion designers in the country. Mr. Bal, 62, reportedly struggled with alcohol addiction and was in and out of rehab. In November last year, Mr Bal's condition took a turn for the worse, requiring him to be admitted to Medanta Hospital immediately. In February 2010, Mr. Bal suffered a heart attack that required emergency angioplasty. Mr. Bal won…

28 Nov

Black Friday generates record $9.8 billion in US online sales

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Black Friday generated a record $9.8 billion in U.S. online sales, up 7.5% from a year earlier. According to Adobe Analytics, mobile shopping has created $5.3 billion in online sales. Black Friday's best-selling categories were electronics such as smartwatches and televisions, as well as toys and gaming, CNBC reports.Vivek Pandya, a chief analyst at Adobe Digital Insights, was quoted as saying, "We have seen the emergence of very strategic consumers in the last one year where they are really trying to take advantage of these marquee days so that they can get the maximum discounts. Pandya noted that influencer and…

25 Nov

Amitabh Bachchan gifts Rs 50 crore bungalow Prateeksha to daughter Shweta Bachchan

Priyanka Bhowmick0 CommentsBusiness, IndiaEntertainment, India

Actor Amitabh Bachchan gifted his daughter Shweta Nanda his bungalow in suburban Juhu of Mumbai, according to official documents.The 'Prateeksha' bungalow is worth over Rs 50.63 crore. It is the megastar's first property in Mumbai and one of the three bungalows the Bachchan family is said to own in the area. According to documents obtained from property registration data aggregator Zapkey.com, Bachchan handed over the bungalow to his daughter on November 9 as a gift and paid Rs 50.65 lakh as stamp duty. The bungalow of Vitthalnagar Cooperative Housing Society is spread over two plots of 674 sq m and…

23 Nov

First Woman Judge of Supreme Court Justice Fathima Beevi Passes Away at 96 in Kerala

Business Correspondent0 CommentsIndia

Justice Fathima Beevi, the first woman judge of the Supreme Court and former Governor of Tamil Nadu has passed away at the age of 96 on Thursday, official sources said. She was the first Muslim woman to be appointed as a judge to any higher judiciary. Justice Fathima Beevi was also felicitated with the Bharat Jyoti Award and the US-India Business Council (USIBC) Lifetime Achievement Award. "She was a brave woman who had many records to her name. She was a personality who through her own life showed that willpower and a sense of purpose can overcome any adversity,"Veena George,…