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Karnataka, Uber discuss passenger safety, regulatory issues and urban transport
Karnataka Minister Priyank Kharge recently met with the Uber India Public Policy team to discuss urban mobility. The discussions emphasized passenger safety, regulatory issues, and improvements in urban commuting services. Kharge mentioned that further engagement with ride-hailing platforms will enhance public transportation. Additionally, initiatives like the Bengaluru Urban Mobility Mission are underway to address traffic management and safety.
Women must feel safe using cabs for worry-free career, NCW chief says: Report
The National Commission for Women has recommended strict safety measures for women using app-based cabs. These include driver background checks and emergency response systems to improve safety during rides. The growing presence of women in various sectors highlights the need for these guidelines. Rahatkar emphasises that safety concerns should not hinder women's professional growth in the workforce.
4 stocks with consistent score improvement and upside potential of up to 31% in 1 year, according to analysts
Although the indices are in the green on Monday, the market is extremely volatile. The upmove is being attributed to some recovery in oil prices as a reaction to talk of renewed negotiations to end the US-Iran conflict. But don’t be lulled into complacence by the recent uptick in the indices. The results of the US mid-term elections is the event the market will be watching closely. And which way they go will impact how the global markets behave in the coming weeks.
Time to be be cautious in the market, convinced about the business: 5 large-cap stocks with upside potential of up to 22%
This is the time to focus on businesses that have lived through storms like this before and come out the other side. The large, proven names are where quality is to be found, and they have lagged badly enough that the odds are now tilting in their favour. Just wait for the mood to finally turn.
US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar
The Federal Communications Commission said Tuesday it has approved Amazon Leo's $11.5 billion deal to acquire Globalstar as the retail giant's satellite arm aims to build a satellite-based communications network to take on Elon Musk's SpaceX Starlink unit.
Indian startups can redefine how we fly, says aviation minister Rammohan Naidu after meeting indigenous eVTOL maker
India's aviation landscape is set to soar with the introduction of eVTOL aircraft developed by Nalwa Aero, based in Punjab. This cutting-edge electric transport system will facilitate air taxis, streamline medical evacuations, and enhance cargo delivery. Early flight trials have delivered encouraging outcomes, leading to regulatory movements from the Directorate General of Civil Aviation.
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T-Mobile T-Mix plans bring Netflix, Apple TV and Xbox Game Pass: Check prices, perks and features
T-Mobile is set to introduce its innovative T-Mix wireless plans this November, designed to offer an enticing mix of mobile services and sought-after subscriptions. Customers can look forward to bundled options like Xbox Game Pass, Netflix, and Apple TV among others. The plans, categorized as Standard, More, and Loaded, will cater to diverse customer needs, with pricing reflecting the number of lines and chosen subscriptions.
When noise is high, separate short-term headwinds from long-term business. 5 large-cap stocks with upside potential of up to 23%
For any decision you make in this market over the next three to six months, the first question should be about the business and the company. Is it hard to replace? If the answer is yes, you can ignore the short-term headwinds.
WhatsApp, Telegram must be tied to an active SIM from Jan 1: DoT issues guidelines
The Department of Telecommunications has issued guidelines for messaging apps to link accounts to active SIM cards. Users will need to ensure registered numbers are connected to active SIM cards by January 1, 2027. This measure aims to reduce cyber fraud and misuse of mobile numbers in India. Messaging apps must comply with these rules or risk suspension of functionality.
White House Ballroom secret donor list revealed by The Washington Post-Who are the controversial donors backing Trump's $333 million project
Nvidia and Apple each pledged $25 million towards a controversial ballroom project at the White House. Reports indicate that over $333 million has been raised from various private donors, including anonymous contributions. Legal and public opposition has arisen regarding the project's impact on the historic East Wing of the White House. The White House has defended the fundraising and criticized the disclosure of donor identities by the press.
Elon Musk's Starlink responds to Reliance, says ‘ready to connect India’ with high-speed internet
Starlink has said it is ready to provide high-speed internet services in India, asserting that it has spent over five years working with regulators, industry and operators and built dedicated infrastructure with the requisite government approvals. The Elon Musk-led company made the statement while tagging Reliance Industries' post on competition in satellite communications.
Jio valuation matrix: Why are RIL investors looking past headline IPO size?
Reliance Industries is gearing up for the highly anticipated Jio Platforms IPO, which is expected to generate significant capital. Despite this, recent declines in RIL shares reveal a cautious mood among investors about potential future gains. Analysts note that although the IPO could establish Jio's market valuation, immediate advantages for RIL shareholders remain unclear, given concerns about refining margins, capital needs, and core business performance affecting sentiment.
Reliance Jio files RHP, announces IPO dates for India's biggest listing
Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be India’s biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
Jio Platforms IPO: How Reliance, Meta, Google and other investors’ stakes will change post the offer
Jio Platforms’ Rs 30,213 crore IPO will dilute the percentage stakes of existing investors, including Reliance Industries, Meta and Google, while leaving their share counts unchanged. At the upper end of the price band, Jio is expected to be valued at Rs 10.3 lakh crore, more than double the valuation at which most investors entered in 2020.
Reliance Industries shares rise 3% as Jio sets price band for possibly biggest-ever issue. What shareholders must know
Shares of Reliance Industries rose 3% after Jio Platforms announced its IPO, comprising 27 crore new shares anticipated to garner Rs 30,213 crore. With 35% of shares earmarked for retail investors and a cut-off date of October 14 for current shareholders, Jio Platforms is primed to enhance its foothold in the consumer tech and digital infrastructure sectors.
Jio IPO sparks investor buzz: GMP rises to 20% as Reliance’s telecom arm announces price band, dates
Jio Platforms’ IPO grey market premium climbed to Rs 220 after the company filed its red herring prospectus (RHP) on Wednesday. The GMP implies a nearly 20% premium over the upper price band of Rs 1,119. The Rs 30,213 crore IPO, opening on October 21 and closing on October 23, is set to surpass Hyundai Motor India’s 2024 offering to become India’s largest-ever public issue.
Hyundai Motor to invest $15.5 billion in India by 2032
Hyundai Motor Group announced plans to invest $15.5 billion in India from 2023 to 2032. This investment aims to enhance manufacturing operations and support growth in the automotive sector. The group recognizes India's importance as a strategic market for future mobility. As part of the investment, Hyundai will also focus on research and development activities and infrastructure enhancement.
Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details
Jio has set the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.
Diwali offer for RIL shareholders! Reliance Jio sets aside Rs 2,500 crore shares in IPO reservation
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO. The quota offers RIL investors a direct route to apply for Jio Platforms shares. The IPO opens on October 21, with anchor investor bidding starting October 19.
Exclusive | Countdown begins for the mother of all IPOs: Jio likely to file RHP today for record Rs 30,000 crore issue
Jio Platforms is set to file its RHP for a potential Rs 30,000-crore IPO, which could become India’s largest-ever share sale. The Reliance Industries subsidiary is expected to open the issue for subscription from October 21 to 23. The IPO may value Jio at up to Rs 10.3 lakh crore, with a likely price band of Rs 1,065–1,119 per share. Existing investors are not expected to sell their stakes.
Hyundai Motor Group to invest $15.5 billion in India in seven years
Hyundai Motor Group will invest $15.5 billion in India by 2032 to expand manufacturing operations and R&D capabilities. This investment aims to strengthen the local automotive ecosystem while fostering partnerships with local suppliers. Additionally, the group will establish a dedicated investment entity in India to coordinate these efforts. The comprehensive investment is expected to create numerous job opportunities across various sectors.
Strong buzz! Reliance Jio said to see over $20 billion bids as investors line up for India's biggest IPO
Jio Platforms has received over $20 billion in bids ahead of its proposed IPO, Bloomberg reported, with global investors including Fidelity, Allianz and Capital Group expressing interest. The issue could raise around Rs 30,200 crore at a valuation of Rs 10.3 lakh crore, making it India’s largest-ever IPO.
GreenCell Mobility raises Rs330 cr from Danish fund to scale electric bus fleet
GreenCell Mobility has raised Rs 330 crore in equity funding from Impact Fund Denmark to help deploy around 4,500 electric buses across India over the next six to eight quarters. The expansion will take its fleet past 5,000 buses across 105 cities, strengthening the Eversource Capital-backed company’s position in India’s growing electric public transport market.
Reliance Jio IPO: GMP already seeing 'Ambani premium' ahead of record issue launch
Reliance Jio Platforms is gearing up for a monumental IPO, sparking tremendous investor interest as grey market prices indicate a robust premium. Analysts suggest a potential 15-16% rise over the anticipated price range, with estimated proceeds around Rs 30,200 crore, marking this as India's largest public offering. Jio aims to redefine its image as a technology powerhouse, with further details on pricing and plans expected soon.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
A piece of advice for those who still have the stomach to invest in the current volatile market. Don’t take any price action as the gospel truth; look beyond the index movements. And, finally, be both cautious and selective in your stock picks.
Telecom stocks in Australia, NZ slide after SpaceX spectrum deal
Following SpaceX's acquisition of spectrum, Telstra, TPG Telecom, and Spark New Zealand faced substantial stock drops, raising investor alarms over competitive pressure from satellite mobile services. Analysts point to Telstra's dependency on its coverage strengths amidst shifting regional pricing dynamics, although immediate subscriber impacts appear minimal. Future implications for Australia’s mobile landscape will demand careful observation as these changes unfold.
In a world no one forecast, own a business that outlives presidential social posts: 6 large-cap stocks with upside potential of up to 29%
For quite some time now, it has become increasingly hard to make sense of what is happening in the world. The old understanding of what is sensible and nonsensical has vanished, and things once kept hidden in the darkest corners are now done openly by those in charge of the most powerful places on earth. So, for the next two-and-a half years, until this phase of global politics runs its course, we will continue to see the kind of surprises that no business can plan for.
SpaceX to acquire spectrum that enables Starlink Mobile services
SpaceX has reached an agreement to acquire a nationwide low-band spectrum license portfolio for Starlink Mobile. This acquisition will enhance Starlink Mobile's capabilities as a telecom operator in the United States. The existing global 2 GHz mid-band spectrum will ensure high-bandwidth capacity for users. Additionally, the new low-band spectrum will help their signal penetrate through obstacles effectively.
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