Saturday, November 23
BSNL launched a 4G and 5G compatible OTA and USIM platform, developed with Pyro Holdings, allowing subscribers to choose mobile numbers and replace SIMs without geographical limitations. The rollout began in Chandigarh, with a disaster recovery site in Trichy, supporting BSNL's ongoing network upgrades to 4G and 5G and bridging the digital divide in rural areas.
ONGC announced an additional equity infusion of Rs 18,365 crore in its subsidiary OPaL, increasing its stake to over 95%. This move, approved by the government, is part of a capital restructuring plan aimed at achieving financial and operational sustainability. ONGC will also provide domestic gas to OPaL from re-developed fields at a premium price to ensure steady performance.
HDFC Bank MD & CEO Sashidhar Jagdishan acknowledged that the merger with HDFC faced unforeseen challenges due to a tightened global economic situation. Changes included RBI's rate hikes and a shift in consumer preferences. Emphasizing branch expansion, Jagdishan highlighted the importance of greater deposit growth over credit growth to navigate the tough economic landscape.
Blazes have scorched more than 1.4 million acres, or nearly 2,200 square miles (5,700 square kilometers), Northwest Interagency Coordination Center spokesperson Carol Connolly said. That's more than any other year since 1992, when reliable records began to be kept, she said, and surpasses the previous record set in 2020.
Hindenburg Research, a US-based firm, hinted at a new report on India, following its 2023 claims against the Adani Group. The prior allegations of financial misconduct caused a significant drop in Adani's stock prices. Notably, the Supreme Court cleared Adani of these charges, as per the Securities and Exchange Board of India's report.
The Indian government introduced a bill to amend banking laws, aiming to streamline nomination facilities and maintain a majority stake in public sector banks. Proposed changes include allowing up to four nominees for bank accounts and lockers, and transferring unclaimed assets to the Investor Education and Protection Fund for easier claims by heirs.
